In 2004, McDonalds reported that its sales in Europe exceeded its sales in the United States for
Question:
In 2004, McDonald’s reported that its sales in Europe exceeded its sales in the United States for the first time. It reported the same result in subsequent years. This performance, while reflective of the company’s phenomenal success in Europe, was also attributed to the weak dollar in relation to the euro. McDonald’s reports its sales wherever they take place in U.S. dollars. Explain why a weak dollar relative to the euro would lead to an increase in McDonald’s reported European sales. Why is a weak dollar not relevant to a discussion of McDonald’s sales in the United States?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (16 reviews)
A weak US dollar means that one dollar may be exchanged for less than previously o...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_