If the Exchange Rate Is 0

question 2

Short Answer

If the exchange rate is 0.507949 British pound for 1 U.S. dollar, how many pounds would it cost a British merchant to pay an American export company for merchandise valued at $200,000? (Round to nearest whole number.)​

---

Definitions:

Continuous Flow

A production method used to manufacture, produce, or process materials without interruption.

Production Activity

The process of transforming raw materials into finished goods or services.

Work in Process

Goods that are in various stages of production within a manufacturing process but are not yet completed products.

FIFO Method

"First-In, First-Out," an accounting method for valuing inventory that assumes the first items purchased or produced are the first ones sold.