Gain-loss in inventory value in us dollars, Operation Management

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Gain-loss in inventory value in us dollars

A year ago, Ammar Company had inventory in Britain valued at 240,000 pounds. The exchange rate for dollars to pounds was 1£ = 2 U. S. dollars. This year the exchange rate is 1£ = 1.82 U. S. dollars. The inventory in Britain is still valued at 240,000 pounds. What is the gain or loss in inventory value in U. S. dollars as a result of the change in exchange rates

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Operation Management: Gain-loss in inventory value in us dollars

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Recent Questions Asked Operation Management

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Operation Management: Gain-loss in inventory value in us dollars

Reference No:- TGS059918

Recent Questions Asked Operation Management

Q : Techniques for attracting an audience attention

Q : Pro-exploration advocacy group called arctic power

Q : Determining total cost when wahoo produces units

Q : Acting as outside consultant

Q : Gain-loss in inventory value in us dollars

Q : What is the value added by the farmer to each pineapple

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Q : Major change in its cost structure

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