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Q. Foreign exchange - Maximum loss?
From Marton's point of view an adverse outcome is depreciation of the dollar against sterling as this lowers its income when converted into sterling. The most awful outcome is thus an exchange rate of US$1.60:£1.
Presently its dollar income is £5m × 1.45 = $7.25m. At US$1.60:£1 its sterling income would fall to $7.25m/1.60 = £4.53m. Therefore the worst outcome is a loss (compared to the current rate) of (£0.47m).
Time Series and Demand Forecasting The process of budgeting in many organizations starts with a forecast of demand for the products in the forthcoming year and the sales f
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Certified Public Accountant (CPA) - ACCOUNTANT who has satisfied education, experience and examination requirements of her or his jurisdiction essential to be certified as a public
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