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Explain how political risk and exchange rate risk increase the uncertainty of international projects for the purpose of capital budgeting.
Operating Cash Flow
Cash generated from the normal business operations of a company, excluding capital expenditures and investment income or expenses.
Comprehensive Income
A measure of all changes in equity of a company that result from recognized transactions and other economic events of the period, excluding transactions with owners in their capacity as owners.
Net Sales
The revenue generated from goods or services sold by a company after returns, allowances for damaged or missing goods, and discounts are subtracted.
Operating Expenses
Incurred expenses not directly tied to the production of goods or services, such as administrative and sales expenses, that are necessary for running a business.
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