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 dollar value of the amount paid in yen on May 1.(Note: Round answer to the nearest cent.)

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 dollar value of the amount paid in yen on May 1.(Note: Round answer to the nearest cent.)

Quizplus · Accepted Answer

Dollar value of the amount paid in yen on May 1 = Merchandise cost / Exchange rate of yen for $1 on May 1 = ¥90,000 / ¥109.25 = $823.80

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