Decreased from the change in the exchange rate

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Reference no: EM131814017

Assume that you are a manager of an American hospitality firm in France. You are forecasting a net income of 200,000 euros. Also assume that the exchange rate has changed from $1/1euro to $.50/1euro. When you repatriate your profits to dollars, has your net income increased or decreased from the change in the exchange rate?

Reference no: EM131814017

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