Unit 7: The readings in this Unit focus on the roles of accounting in strategic growth and management. We understand that accounting plays a significant role in both sides of strategy- serving as the language through which successes and failures are measured.  
In earlier lecture, we read that the Mexican peso has fallen against the US dollar (by about 20%). Use the following scenario in this question: 
Imagine that your small company produces and sells high-quality salsas and dips. Your firm often buys avocado and peppers from Mexico.  
A.   Does the current exchange rate between the US and Mexico represent an opportunity for your firm? Explain why or why not.  
B.   You are concerned that the current exchange rate will not last long. What hedging steps would you take to help offset that risk?