Rockford Co. is a U.S. manufacturing firm that produces goods in the U.S. and sells all products to retail stores in the U.K.; the goods are denominated in pounds. It finances a small portion of its business with pound-denominated loans from British banks. Which of the following is true? (Assume that the amount of products to be sold is guaranteed by contracts.)
a. The dollar value of sales is higher if the pound depreciates against the dollar.
b. The dollar value of sales is unaffected by the pound's exchange rate.
c. A and B
d. None of the above
d. None of the above
Business
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A. Adopt the norms of the group B. Recognize common interests and goals C. Practice a Theory Z attitude to gain perspective D. Take control of problems they are unable to solve
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All distributions from a mutual fund, whether paid out or reinvested, are taxable in the year in which they occur
Indicate whether this statement is true or false.
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