The following report is the amount of various currencies onDecember 31, 2015 owned by Jordan Exchange Company, asshown belowStudent NameStudent IDEXIDJordan Exchange CompanyCurrencies Report at December 31, 2015CurrencyExisting Quantity Purchasing Price Market PriceValue of Existing Currency In JD at:Purchase Price Market Price Lower PriceUS Dollar500000.7090.708222999British Pound200000.991.01999227Australian Dollar150000.5150.52???222292Euro50000.7690.768Required:1. Create a new work sheet (Currencies), and enter previousdata in it.2. Insert necessary equations in the related cells to calculate thevalue of existing currencies in JOD at purchase price andmarket prices.3. Use (IF) function to calculate the value of existing currenciesin JOD at lower of purchase or market price.

The purchase price refers to the price which is paid by the customer for the goods or services.…

The following report is the amount of various currencies on December 31, 2015 owned by Jordan Exchange Company, as shown below Student Name Student ID EXI Jordan Exchange Company Currencies Report at December 31, 2015 Currency Existing Quantity Purchasing Price Market Price Value of Existing Currency In JD at: Purchase Price Market Price Lower Price US Dollar 50000 0.709 0.708 339 ラララ 999 British Pound 20000 0.99 1.01 727 992 ??? Australian Dollar 15000 0.515 0.52 ??? 222 ??? Euro 5000 0.769 0.768 222 222 222 Required: 1. Create a new work sheet (Currencies), and enter previous data in it. 2. Insert necessary equations in the related cells to calculate the value of existing currencies in JOD at purchase price and market prices. 3. Use (IF) function to calculate the value of existing currencies in JOD at lower of purchase or market price.

The following report is the amount of various currencies on December 31, 2015 owned by Jordan Exchange Company, as shown below Student Name Student ID EXI Jordan Exchange Company Currencies Report at December 31, 2015 Currency Existing Quantity Purchasing Price Market Price Value of Existing Currency In JD at: Purchase Price Market Price Lower Price US Dollar 50000 0.709 0.708 339 ラララ 999 British Pound 20000 0.99 1.01 727 992 ??? Australian Dollar 15000 0.515 0.52 ??? 222 ??? Euro 5000 0.769 0.768 222 222 222 Required: 1. Create a new work sheet (Currencies), and enter previous data in it. 2. Insert necessary equations in the related cells to calculate the value of existing currencies in JOD at purchase price and market prices. 3. Use (IF) function to calculate the value of existing currencies in JOD at lower of purchase or market price.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter12: Money And Banking

Section: Chapter Questions

Problem 10E

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