Oscar Inc. has inventory in Japan valued at 13,688,000 Yen one year ago. One year...
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Oscar Inc. has inventory in Japan valued at 13,688,000 Yen one year ago. One year ago the exchange rate for dollars to yen was 1 yen = $0.0128. Today the exchange rate is 1 yen = $0.0154. Assuming the value of the inventory does not change, what is the gain or loss in the value of the inventory in U.S. dollars as a result of the change in exchange rates? The correct answer is $35,4054.80
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