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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Psychology
1.2K views

assume that you are the ceo of a midsize company that needs to increase employee retention and...

Electrical Engineering
1.2K views

hi,I have this C++ program,can someone add few comments with explanation what is the logic and...

Physics
1.2K views

You drop an ice cube into an insulated container full of water and wait for...

Physics
1.2K views

Figure shows cross sectional view of solid semi cylinder of radius r rigidly attached with...

Algebra
1.2K views

Simplify Assume the variables represent positive values 36r c

Algebra
1.2K views

2x x 3 0

Accounting
1.2K views

Mccabe Corporation uses the weighted-average method in its process costing. The following data pertain to...

Accounting
1.2K views

Goldstein Furniture started and finished Job 310 during March. The company's records show that the...

Accounting
1.2K views

Bethlehem Corporation had $946,000 in sales which resulted in operating income of $40,678. On January...

Accounting
1.2K views

Hazelton Corporation uses a periodic inventory system and the UFO method to value its inventory....

Accounting
1.2K views

Revenue accounts appear on the _____. income statement balance sheet statement of owner's equity None...

Finance
1.2K views

2. A firm has the following balance sheet: Accounts pavalactoz 1et Pas3 Last Factor 'tPass...