A steel company in Hamiton can purchase Alberta coal at C$125 per metric tonne (1,000 kg) or West Virginia coal at US$115 per ton (2.200 lb). (1 kg = 2.205 lb) How much cheaper in CS per metric tonne is the less expensive source if US$0.805 = C$1.00? (Do not round your intermediate calculations. Round your answer to the nearest cent.) Cheaper by per metric tonne

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A steel company in Hamiton can purchase Alberta coal at C$125 per metric tonne (1,000 kg) or West Virginia coal at US$115 per ton
(2.200 lb). (1 kg = 2.205 lb)
How much cheaper in CS per metric tonne is the less expensive source if US$0.805 = C$1.00? (Do not round your intermediate
calculations. Round your answer to the nearest cent.)
Cheaper by
per metric tonne
Transcribed Image Text:A steel company in Hamiton can purchase Alberta coal at C$125 per metric tonne (1,000 kg) or West Virginia coal at US$115 per ton (2.200 lb). (1 kg = 2.205 lb) How much cheaper in CS per metric tonne is the less expensive source if US$0.805 = C$1.00? (Do not round your intermediate calculations. Round your answer to the nearest cent.) Cheaper by per metric tonne
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