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Title: Megatron Corp. earned net income of 13,000 Euros in its overseas branch at France. Its headquarters Post by: jerico on Mar 14, 2015 Megatron Corp. earned net income of 13,000 Euros in its overseas branch at France. Its headquarters is located in the U.S. The rate of conversion during set up was $1.306 / Euro. What is the value of its income in its home currency if the rate is $1.508 / Euro at the end of a financial year and the average rate being $1.407 / Euro?
A) $16,060 B) $18,291 C) $14,070 D) $19,768 Title: Re: Megatron Corp. earned net income of 13,000 Euros in its overseas branch at France. Its headquart Post by: cyborg on Mar 15, 2015 Content hidden
Title: Re: Megatron Corp. earned net income of 13,000 Euros in its overseas branch at France. Its headquarters Post by: jerico on Mar 23, 2015 Thank you for the help. I took this course as an elective, glad it's over in three weeks. Great textbook though!
Title: Re: Megatron Corp. earned net income of 13,000 Euros in its overseas branch at France. Its headquarters Post by: cyborg on Mar 23, 2015 I'm happy to help you, how luck with the others, I noticed you've posted a lot of questions.
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