Alcor Pharma just received revenues of $3,165,300 in Australian dollars (A$). Management has the following exchange rates:
Question:
Alcor Pharma just received revenues of $3,165,300 in Australian dollars (A$). Management has the following exchange rates: A$1.8010/£ and $1.5906/£. What is the U.S. dollar value of the company’s revenues?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Revenues received by Alcor Pharma A3165300 To d...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1119371403
4th edition
Authors: Robert Parrino, David S. Kidwell, Thomas Bates
Question Posted:
Students also viewed these Business questions
-
The following exchange rates were taken from ExchangeRate.com. On August 1, 2014, by how much did the dollar appreciate or depreciate against the (a) Argentine peso? (b) European euro? Currency Rates...
-
The following exchange rates are available to you. (You can buy or sell at the stated rates.) Mt. Fuji Bank 92.00/$ Mt. Rushmore Bank SF1.02/$ Mt Blanc Bank90.00/SF Assume you have an initial...
-
Assume that the following exchange rates prevail: (U.S. $ Equivalent) Argentina 0.1904 (peso) Canada 0.9648 (dollar) Mexico 0.0812 (peso) Bahrain 2.6525 (dinar) How many Mexican pesos does it take to...
-
You are given the following as it relates to the price of a pound of flour in Adam Island, 2016 to 2022: 2016-$1.35 2017 - $1.50 2018 - $1.65 2019 - $1.85 2020 - $2.15 2021 - $2.00 2022 - $2.10 Using...
-
The following selected information is for Karatu Corporation: Karatu had no preferred shares. Instructions (a) Calculate the gross profit margin, profit margin, asset turnover, return on assets, and...
-
A manager at a local grocery store learns that 75% of her customers will use a credit card when making a purchase. Use Excels Analysis ToolPak or R, both with a seed of 1, to simulate a sample of 12...
-
Will interpolation between known data points always give an accurate continuous path? If so, explain why. If not, give a counterexample.
-
Ellix Company manufactures two models of ultra-high fidelity speakers, the X200 model and the X99 model. Data regarding the two products follow: Additional information about the company follows: a....
-
2.13. What is the value of X after execution? DELTA_X is any user-provided real number. L and M are user-provided whole numbers, with M greater than L. INPUT DELTA_X, L, M X=0 FOR J = L to M...
-
1. Given the early stage of the business, should the Network Collie management team even be considering an exit at this time? Why or why not? 2. If a company acquires Network Collie, what are they...
-
Determine ) lim if f(x) 100,000 and g(x) 00 as x 8() 0
-
Which one of the following intervals is not symmetric about x = 5? a. (1, 9) b. (4, 6) c. (3, 8) d. (4.5, 5.5)
-
In Exercise 69, we saw the relationship between CO 2 measured at Mauna Loa and average global temperature anomaly from 1959 to 2016. Here is a plot of average global temperatures plotted against the...
-
Fly High Inc.'s stock return will be 18.4% in economic expansion and -7.5% in economic recession. Assume that the probability of economic expansion and recession is 72% and 28%, respectively. The...
-
On October 5, 2019, you purchase a $11,000 T-note that matures on August 15, 2031 (settlement occurs two days after purchase, so you receive actual ownership of the bond on October 7, 2019). The...
-
If an organization has an average daily gross patient service revenue $230,000 along with 120 patients preregistered encounters, 150 scheduled encounters, and $100,000 in gross dollars in discharged,...
-
XYZ issued 2,000 shares of $8 par value stock to pay for legal services provided by 123 Company. Market Value of the stock was $10 per share. The journal entry will include: a. $16,000 debit to...
-
What strategies can e-commerce sites use to assure customers that they are legitimate and trustworthy? Write in about 150-200 words count
-
A loan is to be amortized over an 8-year term at 6.4% interest compounded semiannually, with payments of $905.33 every 6 months and a balloon payment of $5,000 at the end of the term. Calculate the...
-
Compare and contrast debt financing and equity financing as ways of starting a new business. Does one have an overall advantage over the other? What situation is more favorable to the use of debt...
-
Calculating Interest Rates and Future Values In 1895, the first U.S. Open Golf Championship was held. The winners prize money was $150. In 2006, the winners check was $1,170,000. What was the...
-
Calculating Present Values the first comic book featuring Superman was sold in 1938. In 2005, the estimated price for this comic book in good condition was about $485,000. This represented a return...
-
Calculating Rates of Return although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, Sothebys sold the Edgar Degas bronze sculpture Petite...
-
During Year 3, Jordan Corporation reported after-tax net income of $3,580,000. During the year, the number of shares of stock outstanding remained constant at 10,000 of $100 par, 10 percent preferred...
-
XYZ is a company based in Pune that offers financial courses to students. It has a system which has trading screens so people can learn using live markets. Its system and financial courses will be...
-
what ways do supranational organizations such as the World Trade Organization (WTO) shape and regulate the global economic landscape, and what are the implications for national sovereignty?
Study smarter with the SolutionInn App