Suppose One Year Ago,Hein Company Had Inventory in Britain Valued

question 58

Multiple Choice

Suppose one year ago,Hein Company had inventory in Britain valued at 232,000 pounds.The exchange rate for dollars to pounds was 1£ = 2.00 U.S.dollars.This year the exchange rate is 1£ = 1.82 U.S.dollars.The inventory in Britain is still valued at 232,000 pounds.What is the U.S.dollar gain or loss in inventory value as a result of the change in exchange rates?

• A) -$41,760.00
• B) -$45,936.00
• C) -$42,177.60
• D) -$35,496.00
• E) -$46,353.60

---

Definitions:

Organizational Culture

The shared values, beliefs, and norms that define how a company's employees interact, make decisions, and handle external relations.

Employee Compensation

All forms of pay or rewards going to employees and arising from their employment, including salary, wages, bonuses, and benefits.

Organizational Culture

The shared values, beliefs, norms, and practices that guide the behavior of people within an organization.

Stakeholders

Individuals or groups that have an interest, stake, or investment in the outcomes of a corporation, project, or decision.