Asked by Karla Macias on May 26, 2024
Verified
If the U.S. dollar is valued at 0.199271 per Danish krone, how many dollars would a company pay to purchase merchandise from Denmark costing 70,148 Danish krone?
Danish Krone
The official currency of Denmark, represented by the symbol DKK and often abbreviated as kr.
U.S. Dollars
The currency unit used in the United States, known for being the world's primary reserve currency.
Merchandise
Products or goods that are available for sale in retail or wholesale markets.
- Comprehend the methodology for converting one currency to another.
- Utilize exchange rates to calculate the corresponding value in another currency.
- Calculate the value of international acquisitions in local currency.
Verified Answer
JS
Learning Objectives
- Comprehend the methodology for converting one currency to another.
- Utilize exchange rates to calculate the corresponding value in another currency.
- Calculate the value of international acquisitions in local currency.