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

Question 53

Multiple Choice

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:

 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.)  A)   $823.80 B)   $857.33 C)   $900.26 D)   $500.34
- Calculate the dollar value of the amount paid in yen on May 1.(Note: Round answer to the nearest cent.)


A) $823.80
B) $857.33
C) $900.26
D) $500.34

Correct Answer:

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