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Madison Manufacturing, Inc. has contracted to sell certain goods to a company in Malaysia. The price ...

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Madison Manufacturing, Inc. has contracted to sell certain goods to a company in Malaysia. The price ...

Madison Manufacturing, Inc. has contracted to sell certain goods to a company in Malaysia. The price agreed upon for the goods is 320,000 Malaysian Ringgits. On the date the contract was signed, the Foreign Currency in Dollars column in the financial section of the local paper showed that the Malaysian Ringgit was valued at .309502. Compute the U.S. Dollar value Madison Manufacturing, Inc. expects to receive for the goods. (round to nearest dollar)

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Contemporary Business Mathematics for Colleges

Edition: 16^th

Authors: Deitz, Southam

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