The latest Japanese toy craze to hit the U.S. is Fluffy Puppy and Friends, which is...
The latest Japanese toy craze to hit the U.S. is Fluffy Puppy and Friends, which is made by Fluffy Puppy, Inc. headquartered in Tokyo, Japan. At the end of the year, Fluffy Puppy, Inc. has made $556,456 in the United States and now needs to change this profit, which is in terms of U.S. dollars, into Japanese yen. The current exchange rate is 98.676 Japanese yen for 1 U.S. dollar. It should be noted that exchange rates are quoted up to the thousandths (three decimal places).
Homework Answers
Answer: Value in Yen = Value in dollars * current exchange rate.
Since $1 = 98.676 Yen, $556456 = 556456*98.676 = 54,908,852.256 Yen.
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