hỏi về transaction between parent and subsidiary level 2


New member
A U.S. firm owns a foreign subsidiary in France. In 2002, sales were EUR 1,000,000 and the USD/EUR exchange rate was 1.0620. In 2003, sales were EUR 1,100,000 and the exchange rate was 1.1417. What is the impact of the change in the value of the USD on the parent company’s translated sales?

A) Sales will increase by 7.5%.

B) Sales will decrease by 7.5%.

C) Sales will increase by 18.25%.