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些經(jīng)濟因素 ,如公司經(jīng)營的方式 ,公司生產原料的來源情況 ,以及實際匯率波動等都要比任何會計上的定義重要的多 . 11 PART III. IDENTIFYING ECONOMIC EXPOSURE III. 經(jīng)濟風險的確認 A. ASPEN SKIING COMPANY341 1. Firm’s exchange rate risk affected its sales revenues. 13 IDENTIFYING ECONOMIC EXPOSURE B. PETROLEOS MEXICANOS (PEMEX)342 1. The firm’s exchange rate risk affected cost but not revenues. 2. Economic impact a. Revenues: none b. Costs: decreased c. Net effect: increased US$ flows 14 IDENTIFYING ECONOMIC EXPOSURE C. TOYOTA MOTOR COMPANY343 1. Exchange rate risk affected BOTH revenues and costs. 2. Flow back effect: previously ex