Tracing transactions through the information system relevant to financial reporting. inquiring of entity personnel. assessing in
1 answer:
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Answer:
$3,402.04
Movement helped you
Explanation:
The initial amount of $3,700 when converted to British pounds at a rate of $1:£0.49 yielded:
If the remaining amount was £146, the total spend in dollars is given by:
The amount spent in England in U.S. dollars was $3,402.04.
If the exchange rate was still $1:£0.49, the amount received back would be:
At the new rate of $1:£0.45, the amount received is:
Therefore, the movement in the exchange rate helped you.