5. Examine the five following foreign unit is the foreign currency or the U.S. Dollar (Hint: Review Chapter 8 PowerPoint notes on Slides # 29-30 and Chapter 8 in Textbook Page 551.) cases and determine if the functional currency of a U.S. parent's on Scenario Functional Currency is? (the foreign currency or the U.S. Dollar?) C Receivables and payables denominated in foreign currency are not to parent company usually remitted Sales prices are influenced by worldwide competitive conditions and responsive on short-term basis to exchange rate a changes. Foreign unit obtains materials primarily from its own country The unit's financing is taken care of through ongoing fund transfers by the parent There is a transactions and little operational interrelations between the U.S. parent and foreign unit. S low volume of intercompany