Orbital Communications has operating plants in over 100 countries. It also keeps funds for transactions purposes in many foreign countries. Assume in 2010 it held 150,000 kronas in Norway worth $40,000. The funds drew 13 percent interest, and the krona increased 6 percent against the dollar.
What is the value of the holdings, based on U.S. dollars, at year-end, multiply $40,000 times 1.13 and then multiply the resulting value by 106 percent.)