A British business has completed transactions in Switzerland and the US. They have 4 thousand Swiss francs (SFR) and 3 thousand Sdollars. Using the exchange rates below, what are their proceeds after converting to pounds? Enter your answer to the nearest whole number of pounds (no decimal) $1=0.86 SFR 1 pound $1.29
A British business has completed transactions in Switzerland and the US. They have 4 thousand Swiss francs (SFR) and 3 thousand Sdollars. Using the exchange rates below, what are their proceeds after converting to pounds? Enter your answer to the nearest whole number of pounds (no decimal) $1=0.86 SFR 1 pound $1.29
Chapter20: Short-term Financing
Section: Chapter Questions
Problem 3IEE
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![A British business has completed transactions in Switzerland and the US. They have 4 thousand Swiss francs (SFR) and 3 thousand Sdollars. Using the exchange rates
below, what are their proceeds after converting to pounds? Enter your answer to the nearest whole number of pounds (no decimal)
$1=0.86 SFR
1 pound $1.29](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2fe58e14-f4bd-4164-a49c-f5fb56792a26%2Fc2c817f4-8b16-49e4-a242-b36a24936613%2Fu3luxvo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A British business has completed transactions in Switzerland and the US. They have 4 thousand Swiss francs (SFR) and 3 thousand Sdollars. Using the exchange rates
below, what are their proceeds after converting to pounds? Enter your answer to the nearest whole number of pounds (no decimal)
$1=0.86 SFR
1 pound $1.29
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