- A businessman travels from New Los Angeles to four countries. He will start wi
ID: 3195908 • Letter: #
Question
- A businessman travels from New Los Angeles to four countries. He will start with U.S. currency and exchange his US dollars in each country by using that country’s prevailing exchange rate. In each country she will buy the next airfare and will incur business expenses. Travel and expense budget, expressed in the currency of country, are as follows: US to Canada Canada to Japan Japan to France France to South Korea South Korea to US U.S. dollars $685 Canadian dollars $2800 (Japanese Yen) 220,000 € (Euro) 380 (south Korea won) 480,500....
Explanation / Answer
TOTAL EXPENCE IN GOING FROM US TO CANADA = 685 USD
TOTAL EXPENCE IN GOING FROM CANADA TO JAPAN = 2800 CANADIAN DOLLAR = 2800X0.80 = 2240 USD (AS 1 CANADIAN DOLLAR = 0.80 USD)
TOTAL EXPENCE IN GOING FROM JAPAN TO FRANCE = 220000 YEN = 220000 X 0.0094 USD = 2068 USD ( I YEN = 0.0094 USD )
TOTAL EXPENCE IN GOING FROM FRANCE TO SOUTH KOREA = 380 EURO = 380 X 1.25 USD =475 USD (AS 1 EURO = 1.25 DOLLAR )
TOTAL EXPENCE IN GOING FROM SOUTH KOREA TO US = 480500 WON = 480500 X 0.00094 USD
= 451.67 USD
HENCE HIS TOTAL EXPENCE IN THIS BUSINESS TOUR =(685 + 2240 +2068 +475 + 451.67) USD
= 5919.67 USD
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