Caitlin made a prepaid purchase of medical insurance of $3,000 for the year. In seven months he cancelled the insurance. Calculate the pro-rated refund he should receive from the insurance company.     Kristin saved up C$3,600 to use for her travels during her summer holidays. She first travelled from Toronto to Switzerland, where she converted all her Canadian dollars to Swiss francs at an exchange rate of C$1 = CHF 0.7621. She spent CHF 1,467 and then travelled to London, where she converted the remaining Swiss francs to British pounds at an exchange rate of CHF 1 = £0.7723. She spent £571.34 in London before returning to Toronto. How many Canadian dollars did she receive when she converted the remaining British pounds to Canadian dollars, if the exchange rate when she returned was C$1 = £0.5739?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Caitlin made a prepaid purchase of medical insurance of $3,000 for the year. In seven months he cancelled the insurance. Calculate the pro-rated refund he should receive from the insurance company.

 

 

Kristin saved up C$3,600 to use for her travels during her summer holidays. She first travelled from Toronto to Switzerland, where she converted all her Canadian dollars to Swiss francs at an exchange rate of C$1 = CHF 0.7621. She spent CHF 1,467 and then travelled to London, where she converted the remaining Swiss francs to British pounds at an exchange rate of CHF 1 = £0.7723. She spent £571.34 in London before returning to Toronto. How many Canadian dollars did she receive when she converted the remaining British pounds to Canadian dollars, if the exchange rate when she returned was C$1 = £0.5739?

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