Asked by Hannah Hardison on Jun 25, 2024
Verified
A South African firm has contracted to sell a U.S. firm goods valued at 200,000 rand. The rand is valued at $10.4150. Compute the value of the shipment in U.S. dollars.
South African Firm
A company or business entity registered and operating within South Africa, subject to its legal and regulatory framework.
U.S. Firm
A company or business incorporated or conducting significant operations in the United States.
U.S. Dollars
The official currency of the United States, symbolized as $ and also known as USD.
- Learn the core ideas of currency exchange and its utilization in the international market.
- Evaluate the expenditure for overseas transactions in an alternate currency.
Verified Answer
HK
Learning Objectives
- Learn the core ideas of currency exchange and its utilization in the international market.
- Evaluate the expenditure for overseas transactions in an alternate currency.