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Cullumber Pharma just received revenues of $3,166,200 in Australian dollars (A$). Management has the following exchange...

Cullumber Pharma just received revenues of $3,166,200 in Australian dollars (A$). Management has the following exchange rates: A$2.70000/£ and $1.5906/£. What is the U.S. dollar value of the company’s revenues? (Round intermediate calculation to 4 decimal places, e.g. 15.2578 and final answer to the nearest whole dollar, e.g. 5,275.)

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Answer #1

Correct answer------1,865,244

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One euro equals 2.70000 A$ so A$3,166200 equals (3166200/2.7000) 1,172667 euro and 1172666euro equals (1172666 x 1.5906) $1,865,244

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