Xecor Pharma just received revenues of A$2,372,300 in Australian dollars (A$). The only quotes management received are A$2.0651/£ and $1.8538/£. What is the U.S. dollar value of the company's revenues? (Do not round your intermediate calculation. Round your final answer to the nearest dollar.)

Question

Quizplus · Accepted Answer

To find the U.S. dollar value, first convert A$ to £ using the rate A$2.0651/£: £ = A$2,372,300 / 2.0651 = £1,148,073. Then convert £ to $ using the rate $1.8538/£: $ = £1,148,073 * 1.8538 = $2,129,567.

Xecor Pharma Just Received Revenues of A$2,372,300 in Australian Dollars