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Required: a. What are the indirect exchange rates for the places.)

Required: a. What are the indirect exchange rates for the places.)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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+II Check my Suppose the direct foreign exchange rates in U.S. dollars are 1 British pound 1 Canadian dollar = $ 0.74 09' $ Required: a. What are the indirect exchange rates for the British pound and the Canadian dollar? (Round your final answers to 4 decimal places.) 1 USD British pounds 1 USD Canadian dollars b. How many pounds must a British company pay to purchase goods costing $8,000 from a U.S. company? (Do not round intermediate calculations.) British pounds c. How many U.S. dollars must be paid for a purchase costing 4,000 Canadian dollars? (Do not round intermediate calculations.) U.S dollars < Prev 1 of 18 Next > 25 令xD nST Prt Sc Insert Delete Home Break ScrLk Backspace NumLk 60
Transcribed Image Text:+II Check my Suppose the direct foreign exchange rates in U.S. dollars are 1 British pound 1 Canadian dollar = $ 0.74 09' $ Required: a. What are the indirect exchange rates for the British pound and the Canadian dollar? (Round your final answers to 4 decimal places.) 1 USD British pounds 1 USD Canadian dollars b. How many pounds must a British company pay to purchase goods costing $8,000 from a U.S. company? (Do not round intermediate calculations.) British pounds c. How many U.S. dollars must be paid for a purchase costing 4,000 Canadian dollars? (Do not round intermediate calculations.) U.S dollars < Prev 1 of 18 Next > 25 令xD nST Prt Sc Insert Delete Home Break ScrLk Backspace NumLk 60
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