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Has net income increased or decreased from the change

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Problem a: Assume that you are a manager of a hotel in Dallas. You are forecasting a net income of $500,000. Also assume that the exchange rate has changed from $1.80=1euro to $1.25=1euro. When you repatriate your profits to euros, 1) has your net income increased or decreased from the change in the exchange rate? 2) by how much?

Reference no: EM132659854

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