The checkbook stubs for Marcia Ayala showed a balance of 303.95 ...

[ARLKQ]

The checkbook stubs for Marcia Ayala showed a balance of 303.95 before adding two deposits of 125.17 and 369.18 . She then wrote checks for 117.82 and 99.99 . Compute the new cash balance shown on the check stub after the check for 99.99 was written.

Question 2

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.

[britb2u]

Answer to Question 1

580.49

Answer to Question 2

14,748.50 U.S. currency gain

[ARLKQ]

TYSM

[shailee]

Thanks for the timely response, appreciate it