Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Problem 18-1 A U.S. importer owes vendors the following sums: 140,560 Canadian dollars 373,000 Australian dollars 1,443,000 Mexican pesos 680,540 British (U.K.) pounds 14,602 Euros
Problem 18-1
A U.S. importer owes vendors the following sums:
- 140,560 Canadian dollars
- 373,000 Australian dollars
- 1,443,000 Mexican pesos
- 680,540 British (U.K.) pounds
- 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.
- $ fill in the blank 1
- $ fill in the blank 2
- $ fill in the blank 3
- $ fill in the blank 4
- $ 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
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started