What is the purpose of a “convenience translation”? How are they used in financial analysis? What are some features of financial statements that a company might translate in a convenience translation?Develop a 200 – 300 word response supporting your answers.

1.What is the purpose of a “convenience translation”? How are they used in financial analysis? What are some features of financial statements that a company might translate in a convenience translation?Develop a 200 – 300 word response supporting your answers. .2.Describe in detail one possible transfer pricing tactic that a company may use to minimize costs. Do you think this tactic has merit in today’s economic environment?Develop a 200 – 300 word explanation supporting your position.