Westmore, ltd. is a british subsidiary of a u. s. company. westmore's functional currency is the pound sterling (£). the following exchange rates were in effect during 2018: jan 1 £1 = $1.60 june 30 £1 = $1.64 dec 31 £1 = $1.61 weighted average rate for the year £1 =$1.59 westmore reported sales of £1,500,000 during 2018. what amount (rounded) would have been included for this subsidiary in calculating consolidated sales?

Google started as one of many internet search engines, amazon started as an online book seller, and ebay began as a site where people could sell used personal items in auctions. these firms have grown to be so large and dominant that they are facing antitrust scrutiny from competition regulators in the us and elsewhere. did these online giants grow by fairly beating competition, or did they use unfair advantages? are there any clouds on the horizon for these firms -- could they face diseconomies of scale or diseconomies of scope as they continue to grow? if so, what factors may limit their continued growth?