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A U.S-based MNC has a subsidiary in China where the local currency is the Renminbi (RMB). The balance sheets and income statements of the subsidiary are presented in the table below. On December 31, 2014, the exchange rate was 8.27 RMB/US$. Assume the local currency figures in the statement below remain the same on December 31, 2015. Calculate the U.S. dollar translated figures for the two ending time periods assuming that between December 31, 2014 and December 31, 2015, the Chinese government revalues (appreciates) the RMB by 20 percent.
Translation of Income Statement Translation of Balance Sheet
Masturbation
Manual self-stimulation of the genital organs or other erogenous areas.
Sexual Well-being
A state of physical, emotional, mental, and social well-being in relation to sexuality.
Adult Client
A term used in healthcare and social services to refer to an individual of legal adulthood who is receiving services or care.
Orgasm
A peak of sexual excitement, characterized by strong feelings of pleasure and by a series of involuntary contractions of the muscles of the genitals.
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