A firms expects to receive $20,000 from domestic operations and 20,000 British pounds (£) from a business in England. If the pound's value is $1.25, the expected total dollar cash flows are:

A firms expects to receive $20,000 from domestic operations and 20,000

1.	A firms expects to receive $20,000 from domestic operations and 20,000 British pounds (£) from a business in England. If the pound's value is $1.25, the expected total dollar cash flows are:
A.	$40,000
B.	$36,000
C.	$45,000
D.	$20,000
Answer» D. $20,000