RECOMMENDED!!BSBA-Why do companies, foreign and domestic go “international’

  

Why do companies, foreign and domestic go “international’?compute for the gain or lossYou are the vice president of international Info exchange in the U.S.A. Earlier this month you obtained a loan of 5 million Canadian dollars from a bank in Toronto to finance the construction of a new plant in Montreal. At the time the loan was received, the exchange rate was $1.05 to the Canadian dollar. By the end of the month, it has unexpectedly dropped to 95 cents.Has your company made a gain or loss as a result, and by how much?

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