Post a New Question

inb but math

posted by .

How many dollars you have to spend to acquire the amount of yen required? (Base your answer on the scenario, should include a numerical answer)

I need to convert 100,000 yen into dollars at the rate of $1= .009035 yen
so I came up with 903.5 dollars is this correct?

  • inb but math -

    correct.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. International Business

    How would I firqure out how much in american dollars =1000,000 yen and it takes 111yen for every US dollar. You could set up a ratio with x representing the number of U.S. dollars. 111/ 1 = 1,000,000 / x If you post your answer, we'll …
  2. Intl. Business

    You are assigned the duty of ensuring the availability of 100,000 yen for the payment that is scheduled for next month. Considering that your company possesses only U.S. dollars, identify the spot and forward exchange rates. What are …
  3. Numerical & Proportional Reasoning

    Kendra traveled to Europe and Japan on a buisness trip. In europe, she exchanged 300 U.S dollars for euros and spent 100 euros. she went to Japan and exchanged her remaining euros for yen. She spent 10,000 yen while in Japan. the exchange …
  4. INB

    You are assigned the duty of ensuring the availability of 100,000 yen for the payment that is scheduled for next month. Considering that your company possesses only U.S. dollars, identify the spot and forward exchange rates. What are …
  5. International Business

    you are assigned the duty of ensuring the availability of 100,000 yen for the payment that is scheduled for next month. Considering that your compant possesses only U.S. dollars, identify the spot and forward exchange rates. What are …
  6. economics

    As such, you are assigned the duty of ensuring the availability of 100,000 yen for a payment scheduled for next month. Considering that your company possesses only US dollars, identify the spot and forward exchange rates. What are …
  7. INB 205

    You are assigned the duty of ensuring the availability of 100,000 yen for the payment that is scheduled for next month. Considering that your company possesses only U.S. dollars, identify the spot and forward exchange rates. What are …
  8. International Finance

    Suppose that the current Bid-Offer on the Yen is $0.0089/¥ and $0.0091/¥, and the three-month forward is $0.0094/¥. 1. If you wish to hedge 10,000,000 Yen Obligation due in three months, what position would you take?
  9. Math

    The Japanese yen corresponds to the american dollar. If the exchange rate is 150 Yen for 1 Dollar, then A japanese car sold in america for $10,000 will bring in 1,500,000 yen. If the exchange rate changes to 120 yen for each dollar, …
  10. Math

    Natasha went to Japan for a business trip. Natasha converted $1100US into 110682 Yen at the local bank. Natasha spent 87438.78 Yen on this trip and returned with the remaining Yen to the US. How much will the remaining Yen convert …

More Similar Questions

Post a New Question