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5. Last year, the direct exchange rate between the British Pound (GBP) and US Dollar (USD) was 1.465 USD/GBP. The direct exchange rate this
5. Last year, the direct exchange rate between the British Pound (GBP) and US Dollar (USD) was 1.465 USD/GBP. The direct exchange rate this year is 1 .874 USD/GBP. Your company manufactures small-body aircraft in the United States and has a multi-year deal with a UK company that enables it to purchase a specialized engine part for 3,450 GBP per unit. Assuming that both last year and this year, your company purchased 850 units of this particular engine component, how much more or less did your company have to pay this year, in US Dollars, as compared to what it paid last year? A. Your company paid $1,199,393 less this year, as compared to last year B. Your company paid $436,872 less this year, as compared to last year C. Your company paid $1,411 more this year, as compared to last year D. Your company paid $640,017 more this year, as compared to last year E. Your company paid $1,199,393 more this year, as compared to last year
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