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Calculate how many british pounds london based firm will pay

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Calculate how many British pounds a London based firm will receive or pay for its following four foreign currency transactions: (i) The firm receives dividend amounting to Euro 1,20,000 from its French Associate Company. (ii) The firm pays interest amounting to 2,00,000 Yens for its borrowings from a Japanese Bank. (iii) The firm exported goods to USA and has just received USD 3,00,000. (iv) The firm has imported goods from Singapore amounting to Singapore Dollars (SGD) 4,00,000. Given: 1$ = £0.50/0.51 1 Euro = £0.60/0.61 1 SGD = £0.39 /0.40 1 Yen = £0.0049 / 0.0050

Reference no: EM13889754

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