Safari Australia is an Australian tech company that produces wearable technology for professional and amateur athletes. All
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Question:
Against this backdrop, the finance manager of Safary Australia believes that the US dollar will depreciate significantly over the next few months and that price of Bitcoin will swing up and down wildly.
a. Discuss at least two (2) factors that might cause the downward pressure on the US dollar along with the effect of the depreciating currency on Safary's final earnings. (250 words)
b. Identify how the US dollar depreciation and the Bitcoin price volatility might be managed by Safari. (250 words)
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Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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