Question: The data for the following problem is given in the popup window: An American business pays $20,000, $5,000, and $15,000 to suppliers in Japan,

The data for the following problem is given in the popup window: An American business pays $20,000, $5,000, and $15,000 to suppliers in Japan, Switzerland, and Canada, respectively. How much, in local currencies, do the suppliers receive? If the American business pays $20,000, suppliers in Japan will receive yen. (Round to the nearest whole number.) Data table Selling Quotes for Foreign Currencies in New York Country-Currency Canada dollar Japan-yen Switzerland-franc (Click on the icon Contract Spot 30-day 90-day Spot 30-day 90-day Spot 0.8494 0.8465 0.8445 0.004732 0.004772 0.004839 0.5063 0.5102 0.5258 in order to copy its contents into a spreadsheet.) S/Foreign Currency 30-day 90-day I X
Step by Step Solution
3.49 Rating (156 Votes )
There are 3 Steps involved in it
Answer 1 if the American business pays 20000 to Japan Supplier5000 to Switzerland ... View full answer
Get step-by-step solutions from verified subject matter experts
