Examlex
You sell custom-designed refrigerators in Canada. The refrigerators are manufactured in Mexico
and it takes about 60 days from the time you agree to a sale and accept payment in Canada until
you take delivery of the refrigerator and pay the Mexican firm. Your profit, therefore, is affected by
changes in the dollar/peso exchange rate between the order and delivery dates. The following was
an example of a short run exchange rate risk.
Building
A structure with a roof and walls, such as a house or factory, constructed as a place of business, residence, or for other uses.
Cash
Liquid assets held by a company or individual, used for transactions or as a reserve for future payments.
Consolidation
Consolidation is the process of combining the financial statements of a parent company and its subsidiaries into a single, comprehensive set of statements.
Outstanding Common Stock
Shares of a company's common stock that have been issued and are in the hands of investors, including those held by the public and company insiders but excluding treasury shares.
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