Suppose that willed Oil has agreed to sell 1 million barrels of light sweet crude oil to a company in Japan for 6456.19 Japanese Yen per barrel and the current exchange rate is 130.56 Japanese Yen to one Australian dollar.If the exchange rates move to 120.45 Japanese Yen to one Australian dollar,what will be the impact upon Willex's cash flows?
A) Increased by $4.15 million Australian dollars
B) Decreased by $4.15 million Australian dollars
C) Increased by 4.15 million Japanese yen
D) Decreased by 4.15 million Japanese yen
Correct Answer:
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