Megatron Corp

Multiple Choice

Megatron Corp.earned net income of 13,000 Euros in its overseas branch at France.Its headquarters is located in the U.S.The rate of conversion during set up was $1.306 / Euro.What is the value of its income in its home currency if the rate is $1.508 / Euro at the end of a financial year and the average rate being $1.407 / Euro?

A) $16,060
B) $18,291
C) $14,070
D) $19,768