Global Concerns, Inc has contracted to sell certain goods to a company in Australia. The Australian company has contracted to pay 500,00 . Australian dollars for the shipment. At the time the contract was signed, the Foreign Currency in dollars column in the financial section of the morning paper showed that one Australian dollar was valued at 0.903497 U.S. currency. Between the date the contract was signed and the date on which payment was received, the Australian dollar fell to a value of 0.8740 . Compute the amount Global Concerns gained or lost by agreeing to accept payment in Australian dollars instead of U.S. dollars.
Q. 2A check register shows a balance of 247.20 before writing three checks for 63.24, 31.54, and 86.50 . Compute the new cash balance shown in the check register.
Q. 3Global Concerns, Inc has contracted to sell certain goods to a company in Australia. The Australian company has contracted to pay 500,00 . Australian dollars for the shipment. At the time the contract was signed, the Foreign Currency in dollars column in the financial section of the morning paper showed that one Australian dollar was valued at 0.903497 U.S. dollar. Compute the value in U.S. currency Global Concerns expects to receive from the transaction.
Q. 4A check register shows a balance of 787.77 before adding a deposit of 110.75 and writing two checks for 117.50 and 605.00 . Compute the new cash balance shown in the check register.
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