You are a U.S. importer who buys goods from many different countries. How many U

Question

You are a U.S. importer who buys goods from many different countries. How many U.S. dollars do you need to settle each of the following invoices? Please show calculations.

a. 1,000,000 Australian dollars for wool blankets (exchange rate: A$1 = $.769)

b. 500,000 British pounds for dishes (exchange rate: £1 = $1.5855)

c. 100,000 Indian rupees for baskets (exchange rate: Rs1 = $.0602)

d. 350 million Japanese yen for stereo components (exchange rate: ¥1 = $.0069)

e. 825,000 euros for German wine (exchange rate: E1 = $1.05)

Explanation / Answer

Total = 2,434,022.415 U.S Dollars

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