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Problem 4-14 (algorithmic) Question Help Chinese Sourcing and the Yuan. Harrison Equipment of Denver, Colorado, purchases all of its hydraulic tubing from manufacturers in mainland
Problem 4-14 (algorithmic) Question Help Chinese Sourcing and the Yuan. Harrison Equipment of Denver, Colorado, purchases all of its hydraulic tubing from manufacturers in mainland China. The company has recently completed a corporate-wide initiative in six sigma/lean manufacturing. Completed oil field hydraulic system costs were reduced 3.5% over a one-year period, from $874,000 to $843,410. The company is now worried that all of the hydraulic tubing that goes into the systems (making up 19% of their total costs) will be hit by the potential revaluation of the Chinese yuanif some in Washington get their way. How would a 11.5% revaluation of the yuan against the dollar impact total system costs? The current cost of the hydraulic tubing is $ . (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer. parts 2 remaining Clear All Check
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