solution
solution.
Say, you are a Forex Analyst at Tesla and you are analyzing the 10-K for the year ended December 31, 2020. The following facts are stated in the Tesla 10-K.
- Net Income, including foreign exchange translation, was USD 862 million.
- Net Income, excluding foreign exchange translation, was USD 1.26 Billion.
Recall that Revenue minus expenses equals Net Income.
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Order Paper NowBased on these facts, which of the following could be true?
A ) Tesla’s foreign revenues (selling vehicles in foreign countries) were higher than Tesla’s foreign expenses (paying workers in foreign countries, etc.), and the USD appreciated in relation to an aggregated basket of currencies of those foreign countries
B ) Tesla’s foreign revenues (selling vehicles in foreign countries) were higher than Tesla’s foreign expenses (paying workers in foreign countries, etc.), and the USD depreciated in relation to an aggregated basket of currencies of those foreign countries
C ) Tesla’s foreign expenses (paying workers in foreign countries, etc.) were higher than Tesla’s foreign revenues (selling vehicles in foreign countries), and the USD appreciated in relation to an aggregated basket of currencies of those foreign countries
D ) Tesla’s foreign expenses (paying workers in foreign countries, etc.) were higher than Tesla’s foreign revenues (selling vehicles in foreign countries), and the USD depreciated in relation to an aggregated basket of currencies of those foreign countries
Group of answer choices
A or C
A or D
B or C
B or D
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