The target sales revenue for products CF11 and AB14 across both English and Australian stores was $120 000. Was this target met and if so by how much was it surpassed? If not, by how much was the target missed? Assume again the exchange rate is GBP/AUD=0.
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Correct Answer: d)
EXPLANATION:
First, find the revenue earned for both the products in both countries. Then convert the English sales from Pounds to Dollars at the exchange rate given (because the target is denominated in Dollars). Sum these revenues, and then find the difference between these and the target. Convert the difference to Pounds to see what value it is. As you see, the difference is both a. and b. because they are actually the same value.
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