inb but math
posted by Christi .
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?

correct.
Respond to this Question
Similar Questions

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 … 
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 … 
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 … 
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 … 
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 … 
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 … 
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 … 
International Finance
Suppose that the current BidOffer on the Yen is $0.0089/¥ and $0.0091/¥, and the threemonth forward is $0.0094/¥. 1. If you wish to hedge 10,000,000 Yen Obligation due in three months, what position would you take? 
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, … 
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 …