Problem 18-1

A U.S. importer owes vendors the following sums:

1. 140,560 Canadian dollars
2. 373,000 Australian dollars
3. 1,443,000 Mexican pesos
4. 680,540 British (U.K.) pounds
5. 14,602 Euros

State each debt in U.S. dollars. Use the exchange rates from the table below. Round the answers to two decimal places.

1. $ fill in the blank 1
2. $ fill in the blank 2
3. $ fill in the blank 3
4. $ fill in the blank 4
5. $ fill in the blank 5

TABLE 18-1 Exchange Rates-Wednesday, May 6, 2015, 20:37 UTC Direct Quote ($ per unit Indirect Quote (foreign of foreign currency) currency units per 5) Argentina (peso) -1121 8.9242 Australia (dollar) 7966 1.2553 Brazil (real) .3293 3.0367 Canada (dollar) .8308 1.2037 Denmark (krone) .1520 6.5810 Europe (euro) 1.1345 .8814 Israel (shekel) .2598 3.8495 Japan (yen) .0084 119.44 China (yuan) .1613 6.2008 Mexico (peso) .0651 15.3617 U.K. (British pound) 1.5246 .6559 Cangage Leaming SOURC Xrates.com