Question: PLEASE HELP ME : EMERGENCY Maple Leaf Canada (MLC) is a Canadian sightseeing agency that offers holiday packages to the Canadian tourists. Until recently, all
PLEASE HELP ME : EMERGENCY
Maple Leaf Canada (MLC) is a Canadian sightseeing agency that offers holiday packages to the Canadian tourists. Until recently, all of its businesses were in Canada. It just established a subsidiary in Kota Kinabalu (KK), Sabah, which provides tour services in the Sabah islands for Canadian tourists. It rented a shop near the port of KK. It also hired residents of KK who could speak English and provide tours of the Sabah islands. The subsidiarys main costs are rent and salaries for its employees and the leasing of a few large boats in KK that use for the tours. The Canadian tourists pay for the entire tour in Canadian Dollar (CAD) at MLC main office in Toronto before they depart for Sabah. Required:
| Determine the MLCs cash outflows and cash inflows and explain if these cash flows are favorably or unfavorably affected when the MYR appreciates against the CAD ? | |
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