What the net inflow or outflow is as measured

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Reference no: EM132002981

Bronco Co. is a U.S.-based MNC that has subsidiaries in Spain and Germany. Both subsidiaries frequently remit their earnings back to the parent company. The Spain subsidiary generated a net outflow of €2,000,000 this year, while the German subsidiary generated a net inflow of €4,500,000. What the net inflow or outflow is as measured in U.S. dollars this year? The exchange rate for the euro is $1.29.

Reference no: EM132002981

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