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Kent is a Foreign British subsidiary (in the UK) of a U.S. parent company. Kent's functional currency is the foreign British Pound. The following exchange

Kent is a Foreign British subsidiary (in the UK) of a U.S. parent company. Kent's functional currency is the foreign British Pound. The following exchange rates were in effect during 2008:

1 January 2008- 1 Pound= 9.834 $

30 June 2008- 1 Pound = 9.678 $

31 December 2008- 1 Pound = 9.120 $

Weighted Average rate for the year 2008 - 1 Pound= 9.600 $

Weighted Average rate for last quarter in the year 2008- 1 Pound= 9.540 $

Kent reported sales revenue of 1,500,000 (pounds) during 2008. What amount (rounded) would have been included for this subsidiary in calculating consolidated translated sales revenue?

Select one:

a. $13,950,000

b. $14,310,000

c. None of the answers is correct

d. $14,400,000

e. $14,751,500

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