Global Concerns, Inc. has contracted to sell certain goods to a company in Australia. The Australian company has contracted to pay 500,000 Australian dollars for the shipment. At the time the contract was signed, the Foreign Currency in dollars column in the financial section of the morning paper showed that one Australian dollar was valued at $0.903497 U.S. dollar. Compute the value in U.S. currency Global Concerns expects to receive from the transaction.

Question

​Global Concerns, Inc. has contracted to sell certain goods to a company in Australia. The Australian company has contracted to pay 500,000 Australian dollars for the shipment. At the time the contract was signed, the Foreign Currency in dollars column in the financial section of the morning paper showed that one Australian dollar was valued at $0.903497 U.S. dollar. Compute the value in U.S. currency Global Concerns expects to receive from the transaction.

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The Answer of ​Global Concerns, Inc. has contracted to sell certain goods to a company in Australia. The Australian company has contracted to pay 500,000 Australian dollars for the shipment. At the time the contract was signed, the Foreign Currency in dollars column in the financial section of the morning paper showed that one Australian dollar was valued at $0.903497 U.S. dollar. Compute the value in U.S. currency Global Concerns expects to receive from the transaction.

​Global Concerns, Inc

Global Concerns, Inc