Answer:
0.004 million Euro is the translation gain
Explanation:
The total cost of asset before depreciation of dollar = dollar 7.2 million * 0.7538 = 5.427 million Euro
1 dollar = 0.7538 Euros
Cost of asset in Euros after after depreciation of dollar = 7.2 * 10^6 * 0.7500 = 5.4 million Euro
Total liabilities before depreciation of dollar = dollar 8.2 million * 0.7538 = 6.181 million Euro
Total liabilities after depreciation of dollar = dollar 8.2 million * 0.7500 = 6.15 million Euro
The total loss in asset value = 5.427 million -5.40 million = 0.027 million Euro
The total profit in liabilities = 6.181 million -6.15 million = 0.031 million Euro
Net profit = 0.031 million -0.027 million = 0.004 million Euro
Hey there!
For salespeople, its all about relationships and conversations and relationships with people. If you're good friends with someone from your consuming company, you can expect to make good sales as they are acquaintances and would want to buy things from people who they can trust.
Therefore, if you can develop friendships and trust with people from the company who would buy from you, they might just accidentally or purposely let you in on secrets from their company that would maximize sales- and that's always the goal of a salesperson.
Hope this helps!
Answer:
a) Sarah failed to evaluate a potential ethical issue
Explanation:
A financial fraud refers to misrepresentation of financial data by inflating or reducing a figure amount with the motive to deceive the users of the financial statements and thereby depict better financial position and state of affairs.
The above concept is also referred to as window dressing of accounts.
In the given case, the purpose behind increasing the value of inventory and creation of miscellaneous expense account is to depict fake financial picture. With an increase in the inventory balance, the profits would be inflated. Crediting miscellaneous expenses again would reduce expenses balances and further inflate the profits.
Thus, Sarah failed to evaluate a potential ethical issue when she blindly directed her staff to incorporate such changes.
Answer:
A) The new value of a share of Summit Systems stock based on this information is $17.65
B) $17.65. This is due to the fact that If the information about Summit Systems has reached the capital market, the revised growth rate has already been applied.
Explanation:
Given:
Equity cost of capital = 11.0 %
Dividend in one year = $1.50
Dividends growth per year = 6.0 %
A) If expected growth rate is 6.0%:
Value of share = Expected dividend ÷ (Cost of capital - Growth rate)
Value of share = $1.50 ÷ (0.1150 - 0.060)
Value of share = $27.27
If expected growth rate is 3.0%:
New_Value of share = Expected dividend ÷ (Cost of capital - Growth rate)
New_Value of share = $1.50 ÷ (0.1150 - 0.030)
New_Value of share = $17.65
