Lukes Trucks and Trailers, Inc. manufactures parts for long-haul tractor and trailer firms and is...
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Lukes Trucks and Trailers, Inc. manufactures parts for long-haul tractor and trailer firms and is located in the United States. It purchases goods from Canada which are then sold to customers in the United States. The current exchange rate is C$1.35/$ (C$ stands for Canadian dollar and $ stands for U.S. dollar) If the firm purchases the goods at a cost of 15,000 Canadian dollars, what is the cost in U.S. dollars if the indirect quote is actually $0.93/c$
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