Result of the change in exchange rates, Finance Basics

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Result of the change in exchange rates

Suppose one year ago, Hein 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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Finance Basics: Result of the change in exchange rates

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Request for Solution File

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Finance Basics: Result of the change in exchange rates

Reference No:- TGS050550

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : What was the over- or underapplied manufacturing overhead

Q : Cost recovery deduction for the year of sale basics

Q : Federal tax purposes

Q : In which situation own a business that sells the product

Q : Result of the change in exchange rates

Q : What is the common stock value in the balance sheet

Q : Prepare journal entries to record the deferred tax provison

Q : Profitability index of a capital investment project

Q : Growth rate in earnings per share (

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Result of the change in exchange rates

Reference No:- TGS050550

Recent Questions Asked Finance Basics

Q : What was the over- or underapplied manufacturing overhead

Q : Cost recovery deduction for the year of sale basics

Q : Federal tax purposes

Q : In which situation own a business that sells the product

Q : Result of the change in exchange rates

Q : What is the common stock value in the balance sheet

Q : Prepare journal entries to record the deferred tax provison

Q : Profitability index of a capital investment project

Q : Growth rate in earnings per share (

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