Question
Assume that Disney generated 5% of its total revenue from Japan in 2016, or $2781.6 when translated back to USD, and a total revenue in
Assume that Disney generated 5% of its total revenue from Japan in 2016, or $2781.6 when translated back to USD, and a total revenue in Japan is expected to increase by 3% from 2016-2017. The 2016 US$/YEN exchange rate was USD=112.75 Yen, and the YEN is expected to depriciate against the USD by 2% in 2017. What is the amount of revenue in USD that Disney will recognize from Japan in 2017?
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Multinational Business Finance
Authors: David Eiteman, Arthur Stonehill, Michael Moffett
15th Global Edition
129227008X, 9781292270081
