The British subsidiary of Cordel earns income of 200,000 in the first half and 300,000 in the second, and incurs expenses of 150,000 then 250,000. Case convention: the half-year rates, 1.10 euros then 1.16 euros per 1 pound, approximate the rates at the dates of the transactions. Calculate income, expenses and profit translated into euros.
- Income of the first half in pounds
- 200,000
- Income of the second half in pounds
- 300,000
- Expenses of the first half in pounds
- 150,000
- Expenses of the second half in pounds
- 250,000