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24) If a U.S. firm's cost of goods sold in Switzerland is much smaller than its sales in Switzerland, the appreciation of the Swiss franc
24) If a U.S. firm's cost of goods sold in Switzerland is much smaller than its sales in Switzerland, the appreciation of the Swiss franc has a ____ impact on the firm's (Select 1)(2.5pts) o positive; interest expenses negative; gross profit o negative; interest expenses O positive; gross profit
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