Jlr enterprises provides consulting services throughout california and uses a job-order costing system to accumulate the cost of client projects. traceable costs are charged directly to individual clients; in contrast, other costs incurred by jlr, but not identifiable with specific clients, are charged to jobs by using a predetermined overhead application rate. clients are billed for directly chargeable costs, overhead, and a markup.

Jaguar has full manufacturing costs of their s-type sedan of £22,803. they sell the s-type in the uk with a 20% margin for a price of £27,363. today these cars are available in the us for $55,000 which is the uk price multiplied by the current exchange rate of $2.01/£. jaguar has committed to keeping the us price at $55,000 for the next six months. if the uk pound appreciates against the usd to an exchange rate of $2.15/£, and jaguar has not hedged against currency changes, what is the amount the company will receive in pounds at the new exchange rate?