Question: Tilbern Co. is a U.S.-based MNC that has a subsidiary in Germany and another subsidiary in Greece. Both subsidiaries frequently remit their earnings back to
Tilbern Co. is a U.S.-based MNC that has a subsidiary in Germany and another subsidiary in Greece. Both subsidiaries frequently remit their earnings back to the parent company. The German subsidiary generated a net outflow of 1,200,000 this year, while the Greek subsidiary generated a net inflow of 500,000. What is the net inflow or outflow as measured in U.S. dollars this year? The exchange rate for the euro is $1.34/ Select one: O a. $700,000 outflow. b. $938,000 outflow. O c. $2,278,000 outflow. d. $938,000 inflow
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