Kingdom Enterprises is a Indian exporter of agriculture products and files all of its financial statements in Indian Rupees (INR). The company’s director, George Bidden, an American national has been praised for his performance. The head office management disagrees, arguing that sales in America have dropped significantly in recent years. Discuss whose point of view is more realistic. 2018 2019 2020 Total Net Sales, INR 2,542,991 2,831,711 3,010,000 Percent sales from America 26% 28% 23% Average Exchange Rate (INR/$) INR 70/$ INR 69.5/$ INR 71.21/$
Kingdom Enterprises is a Indian exporter of agriculture products and files all of its financial statements in Indian Rupees (INR). The company’s director, George Bidden, an American national has been praised for his performance. The head office management disagrees, arguing that sales in America have dropped significantly in recent years. Discuss whose point of view is more realistic. 2018 2019 2020 Total Net Sales, INR 2,542,991 2,831,711 3,010,000 Percent sales from America 26% 28% 23% Average Exchange Rate (INR/$) INR 70/$ INR 69.5/$ INR 71.21/$
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Kingdom Enterprises is a Indian exporter of agriculture products and files all of its financial statements in Indian Rupees (INR). The company’s director, George Bidden, an American national has been praised for his performance. The head office management disagrees, arguing that sales in America have dropped significantly in recent years. Discuss whose point of view is more realistic.
|
|
2018 |
|
2019 |
|
2020 |
|
Total Net Sales, INR |
2,542,991 |
|
2,831,711 |
|
3,010,000 |
|
Percent sales from America |
26% |
|
28% |
|
23% |
|
Average Exchange Rate (INR/$) |
INR 70/$ |
|
INR 69.5/$ |
|
INR 71.21/$ |
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