Problem

Foreign Currency TranslationsTranslate the following amounts of foreign currency into an e...

Foreign Currency Translations

Translate the following amounts of foreign currency into an equivalent number of U.S. dollars using the exchange rates in Exhibit 15.7.

a. £800,000.

b. ¥350,000.

c. €50,000.

EXHIBIT 15–7

U.S. Dollar Equivalents for Five Foreign Currencies

Country/Region

Currency

Exchange Rate (in dollars)

Exchange Rate (in foreign currency)

Britain

Pound (£)

$1.5231

0.657

Europe*

Euro (€)

1.30506

0.766

Japan

Yen (¥)

0.01005

199.5

Mexico

Peso ($)

0.08155

12.262

India

Rupee (Rs)

0.01839

53.933

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