Bang Co. is a U.S.-based MNC that has a subsidiary in Germany and another subsidiary in...
Bang Co. is a U.S.-based MNC that has a subsidiary in Germany and another subsidiary in Greece. Both subsidiaries frequently remit their earnings back to the parent company. The German subsidiary generated a net outflow of €2,100,000 this year, while the Greek subsidiary generated a net inflow of €1,575,000. What is the net inflow or outflow as measured in U.S. dollars this year? The exchange rate for the euro is $1.13
Homework Answers
Net Outflow from German copany = Euro 2,100,000
Inflow from Greek COmpany = Euro 1,575,000
Total Net Out flow = Euro 2,100,000 - Euro 1,575,000
= Euro 525,000
Net Outflow USD 525000 * Exchange Rate
= 525,000 * 1.13
= $ 593,250
Pls comment, if any further assistnace is required.
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