Delta Auto Parts is a U.S. company with a subsidiary in Mexico. The company expects cash inflows
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Delta Auto Parts is a U.S. company with a subsidiary in Mexico. The company expects cash inflows of $380 million and cash outflows of $310 from its U.S. business in one year, and cash inflows of 200 million peso and cash outflows of 280 million peso from its Mexican business in one year.
The expechted exchange rate between the U.S. dollar and the Mexican peso in one year is $0.044 per peso.
What is the expected dollar cash flow of the parent company in one year (in $ million)?
Related Book For
Accounting for Decision Making and Control
ISBN: 978-0078025747
8th edition
Authors: Jerold Zimmerman
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