Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. salem purchased a shirt for us$20 from the niagara

Salem purchased a shirt for US$20 from the Niagara outlet mall in Buffalo on his...

70.2K

Verified Solution

Question

Accounting

Salem purchased a shirt for US$20 from the Niagara outlet mall in Buffalo on his credit card. The actual transaction on the statement shows a value of C$22.45. It also includes 2.5% commission. Calculate the exchange rate used by the bank on the statement to two decimal places.

Pls answer asap. Thanks

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1. A 40.0-kg girl stands on a 15.0-kg wagon holding two 19.5-kg weights. She throws the...

Physics
Q

Research and explain in more detail than given in the lecture pages how a Molecular switch...

Physics
Q

If up to 40% of an engineer's working time spent writing and communicating, why is communication...

Electrical Engineering
Q

Re-organize the scrambled accounts into the income statement for Pet Land Inc., a pet food and...

Accounting
Q

QUESTION 7 DOK 2 1 ALIGNED STANDARD 1 points What happened on this page SELECT...

Biology
Q

An air column open at one end resonates with a tuning fork when the smallest...

Physics
Q

23 4 in Figure vervsa 17 6 in Volume IC

Statistics
Q

A company estimates that $250,000 of its credit sales may be uncollectible. Select...

Accounting
Q

Robinsons, an electrical supply company, sold $7,000 of equipment to Jim Coates Wiring, Inc. Coates...

Accounting
Q

Information available prior to the issuance of the financial statements indicates that it is probable...

Accounting
Q

What happens when a U.S. company purchases goods denominated in a foreign currency and the...

Accounting
Q

Is there a completed gift in the following example? Explain. a) Ron Donovan paid...

Accounting