Suppose One Year Ago, Hein Company Had Inventory in Britain

question 10

Multiple Choice

Suppose one year ago, Hein Company had inventory in Britain valued at 240,000 pounds. The exchange rate for dollars to pounds was 1£ = 2 U.S. dollars. This year the exchange rate is 1£ = 1.82 U.S. dollars. The inventory in Britain is still valued at 240,000 pounds. What is the gain or loss in inventory value in U.S. dollars as a result of the change in exchange rates?

• A) -$38,880.00
• B) -$43,200.00
• C) -$47,520.00
• D) -$52,272.00
• E) -$57,499.20

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Definitions:

Workload

The amount of work assigned to or expected from an individual or team within a given time frame, often evaluated as part of performance management and job design.

Role Ambiguity

The lack of clarity about expected behavior from a job or position, leading to confusion and potentially stress.

Interpersonal Conflict

A situation where two or more individuals with differing viewpoints, interests, or goals experience disagreement or opposition.

Mindfulness

A mental state achieved by focusing one's awareness on the present moment, while calmly acknowledging and accepting feelings, thoughts, and bodily sensations.