Subsidiary a of Mega Plc Has Net Inflows in Australian

question 26

Multiple Choice

Subsidiary A of Mega plc has net inflows in Australian dollars of A$1,000,000, while Subsidiary B has net outflows in Australian dollars of A$1,500,000. The expected exchange rate of the Australian dollar is £0.30. What is the net inflow or outflow as measured in pounds?

• A) £150,000 outflow
• B) £150,000 inflow
• C) £1,666,000 inflow
• D) £1,666,000 outflow

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