Asked by Sofia Mateeva on May 17, 2024
Verified
A steel company in Hamilton can purchase Alberta coal at C$105 per metric tonne (1,000 kg) or West Virginia coal at US$95 per ton (2,000 lb) (1 kg = 2.205 lb). How much cheaper in C$ per metric tonne is the less expensive source if US$0.975 = C$1.00?
Metric Tonne
A unit of mass equivalent to 1,000 kilograms or approximately 2,204.6 pounds.
US$
The abbreviation for United States Dollar, the official currency of the United States.
West Virginia Coal
Coal mining industry in the state of West Virginia, known for its significant contribution to the US coal supply.
- Determine the monetary advisability of purchasing products and services from foreign markets.
Verified Answer
CV
Christian VasquezMay 18, 2024
Final Answer :
C$2.43 per metric tonne cheaper to purchase Alberta coal.
Learning Objectives
- Determine the monetary advisability of purchasing products and services from foreign markets.