There is a proposal to hire foreign services on a monthly basis rather than the current long-term
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There is a proposal to hire foreign services on a monthly basis rather than the current long-term contracts at fixed foreign currency prices. Using past data, it is estimated that there will be a 5 per cent saving as a result. Present a brief report on the effect of exchange rates on this plan addressing likely scenarios and important risk factors.
Questions 11 to 15 relate to the following income statement for YTR plc.
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