A bank in London, Ontario charges 2.25% commission to buy and sell currencies. Assume that the...

  

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A bank in London, Ontario charges 2.25% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3829. a. How many Canadian dollars will you receive from the bank if you sell US$1,335? Round to the nearest cent b. How much commission will you pay the bank for this transaction? Round to the nearest cent A restaurant purchased a shipment of potatoes for $300 less discounts of 9%, 4%, and 1%. a. Calculate the equivalent discount rate that represents these three discounts. % Round to two decimal places b. Calculate the net price of the shipment. $ Round to the nearest cent Maroon Company received an invoice for $164,000 dated November 4, 2011 with payment terms 6/3, 4/20, n/45 for a truck-load of goods. Calculate the amount required to settle the invoice on the following dates. a. November 6, 2011 Round to the nearest cent b. November 24, 2011 Round to the nearest cent c. December 19, 2011 Round to the nearest cent A bank in London, Ontario charges 2.25% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3829. a. How many Canadian dollars will you receive from the bank if you sell US$1,335? Round to the nearest cent b. How much commission will you pay the bank for this transaction? Round to the nearest cent A restaurant purchased a shipment of potatoes for $300 less discounts of 9%, 4%, and 1%. a. Calculate the equivalent discount rate that represents these three discounts. % Round to two decimal places b. Calculate the net price of the shipment. $ Round to the nearest cent Maroon Company received an invoice for $164,000 dated November 4, 2011 with payment terms 6/3, 4/20, n/45 for a truck-load of goods. Calculate the amount required to settle the invoice on the following dates. a. November 6, 2011 Round to the nearest cent b. November 24, 2011 Round to the nearest cent c. December 19, 2011 Round to the nearest cent

Answer rating: 100% (QA)

Q a Amount in Canadian dollars 1335US dollars 13829184851 184851 ... View the full answer