On February 1, Synergy Import-Export Company sells merchandise to Japanese firms costing 90,000 yen.Payment will be made in Japanese yen on May 1.The exchange rates of yen for $1 were as follows:

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Calculate the receivable in dollars on February 1.(Note: Round answer to the nearest cent.)
On February 1, Synergy Import-Export Company sells merchandise to Mexican firms costing 90,000 pesos.Payment will be made in pesos, on May 1.The exchange rates of pesos for $1 were as follows:
February 1 $1 = 10.9 pesos
May 1 $1 = 11.4 pesos
Calculate the receivable in dollars on February 1.(Note: Round answer to the nearest dollar.)

Question

On February 1, Synergy Import-Export Company sells merchandise to Japanese firms costing 90,000 yen.Payment will be made in Japanese yen on May 1.The exchange rates of yen for $1 were as follows:

- 
 Calculate the receivable in dollars on February 1.(Note: Round answer to the nearest cent.)
 On February 1, Synergy Import-Export Company sells merchandise to Mexican firms costing 90,000 pesos.Payment will be made in pesos, on May 1.The exchange rates of pesos for $1 were as follows:
February 1 $1 = 10.9 pesos
May 1 $1 = 11.4 pesos
Calculate the receivable in dollars on February 1.(Note: Round answer to the nearest dollar.)

Quizplus · Accepted Answer

Receivable in dollars on February 1 = Merchandise cost / Exchange rate of yen for $1 on February 1 = ¥90,000 / ¥111.23 = $809.13

On February 1, Synergy Import-Export Company Sells Merchandise to Japanese