Mandy Is Visiting Japan and Wants to Purchase a Pair

question 93

Multiple Choice

Mandy is visiting Japan and wants to purchase a pair of earrings. They are priced at 14,000 yen, and one U.S dollar is equal to 111 yen. If Mandy converts her U.S. dollars into yen, she will need about ____ dollars to pay for the earrings.

• A) $111
• B) $126
• C) $140
• D) $1,554

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Definitions:

Accounts Receivable Ratio Formula

A financial metric used to evaluate how efficiently a company is managing its receivables and how quickly it turns them into cash.

Average Monthly Gross Production

The total production or output of a company or industry, averaged over a month, before deductions for costs or expenses.

Income Statement

A statement that demonstrates the profit and expenses for a given month and also includes year-to-date information for a given year.

Year-To-Date Information

Data gathered or accumulated from the beginning of the current calendar or fiscal year up to the present date.