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4 years ago

Which luxury brand shares its name with the french explorer who is credited with naming canada?

Business

1 answer:

maxonik [38]4 years ago

7 0

Answer:

The luxury brand that shares its name with the french explorer who is credited with naming canada is Cartier.

Explanation:

Cartier is a brand that produces and sells watches and jewelry and it shares its name with the french explorer, Jacques Cartier, who used the word Canada to define an entire area that with time was applied to a larger one and today corresponds to the whole country of Canada.

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jasper Corp. converts $1,000,000 into euros when the exchange rate is $1 = €0.75. After three months, the company converts this

riadik2000 [5.3K]

Answer:

net loss of $62,500

Explanation:

Today Jasper converted $1,000,000 into 750,000€ ($1 = €0.75)

In three months from now, Jasper turned the 750,000€ into $937,500 ($1 = €0.80). ⇒ 750,000 / 0.80 = 937,500

The result of these transactions is a net loss = $937,500 - $1,000,000 = -$62,500.

The net loss happened because the euro depreciated against the US dollar, i.e. it lost value.

8 0

3 years ago

1) Prepare an ending 2015 Income Statement and Balance Sheet from the following information: Sales $800,000; Cost of Goods Sold

anygoal [31]

Answer:

Ending retained earning for 2015 = $345,000

Total Assets = $645,000

Shareholder's equity = $445,000

Total liabilities = $200,000

Explanation:

a. Income Statement for the year ended 2015

Details $

Sales 800,000

Cost of Goods Sold 300,000

Gross profit 500,000

Advertising Expense (1,000)

Administrative Expenses (35,000)

Depreciation Expense (40,000)

Rent Expense (5,000)

Operating income 419,000

Interest Expense (24,000)

Income before tax 395,000

Taxation (40% * $395,000) (158,000)

Net income 237,000

Dividend paid (137,000)

Retained earning for the year 100,000

Beginning retained earning 245,000

Ending retained earning 345,000

a. Balance sheet as at the year ended 2015

Details $ $ 

Assets:

Beginning Net Fixed Assets 600,000

Depreciation 40,000

Ending Net Fixed Assets 560,000

Current Assets:

Cash 20,000

Accounts Receivables 20,000

Inventory 45,000

Total Assets 645,000

Shareholder's Fund:

Common Stock 100,000

Ending retained earning 345,000

Shareholder's equity 445,000

Bonds Outstanding 160,000

Accounts Payable 20,000

Accruals 20,000

Total liabilities 200,000

Total equities and Liabilities  645,000

8 0

3 years ago

Which of the following is a risk (or potential pitfall) of cost leadership?

Lapatulllka [165]

Answer:

a. Cost cutting may lead to the loss of desirable features

Explanation:

In the business market, sometimes there occurs a price war between the various companies regarding the same type product and each company reduces the price to as minimum as possible to take the cost leadership in the market. Some drawbacks that occur in such a strategy of companies are listed here -

There is a tight control on the expenses during the manufacturing of products which often results in loss of desirable features in the products
No new innovations are made as companies focus mainly of the current product
The feedback of customers seem to be of no importance in such conditions
This strategy promotes the lower quality products in the market

7 0

3 years ago

Pelican Cove Corporation is trying to decide whether to invest in equipment to manufacture a new product. If the investment proj

Karo-lina-s [1.5K]

Answer:

$35,780.-

Explanation:

The company´s cash flow equals the cash coming into the business minus the cash going out. Annualizing your cash flow converts it to an annual amount that you can compare to cash flows from previous years.

4 0

4 years ago

The purpose of the Uniform Franchise Offering Circular is to

goldfiish [28.3K]

I think it’s b it is the most right played out

5 0

3 years ago