Question
Company is expected to recieve remitted profits of HKD 413,461 from its foreign subsidary in a month. At same time, company is due to pay
Company is expected to recieve remitted profits of HKD 413,461 from its foreign subsidary in a month. At same time, company is due to pay HKD 104,552 to a hong kong bank on loan. whats expected net USD cash flow of the cormpnay from/to Hong Kong, echange rate s HKD 7.2/USD.
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International Financial Management
Authors: Jeff Madura
2nd Edition
0314430296, 978-0314430298
