A U.S. importer owes vendors the following sums: 140,560 Canadian dollars 358,000 Australian dollars 1,382,000...
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Accounting
A U.S. importer owes vendors the following sums:
140,560 Canadian dollars
358,000 Australian dollars
1,382,000 Mexican pesos
680,540 British (U.K.) pounds
14,675 Euros
State each debt in U.S. dollars. Use the exchange rates from the table below. TABLE 18-1 Exchange Rates-Wednesday, May 6, 2015, 20:37 UTC Direct Quote ($ per unit of foreign currency) Argentina (peso) Indirect Quote (foreign currency units per $) 8.9242 Australia (dollar) Brazil (real) Canada (dollar) Denmark (krone) Europe (euro) Israel (shekel) Japan (yen) China (yuan) Mexico (peso) .1121 .7966 3293 .8308 1520 1.1345 2598 .0084 1613 0651 U.K. (British pound) 1.5246 1.2553 3.0367 1.2037 6.5810 8814 3.8495 119.44 6.2008 15.3617 .6559 Round the answers to two decimal places.
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