Has apple made a gain or loss and by how much

Assignment Help Financial Management

Reference no: EM132049990

You are the vice president of Finance for Apple. Headquartered in Cupertino. Earlier this month, Apple obtains a loan to improve facilities in Europe. The loan was for 50 million euros to finance a new factory in Grenoble France.

At the time the loan was received, the exchange rate was $1 1$ to the Euro.

By the end of the month, it had unexpectedly dropped to $1.00 to the Euro. Has Apple made a gain or loss and by how much?

Reference no: EM132049990

Questions Cloud

How network standards such as the osi help : Discuss how network standards such as the OSI help to ensure interoperability between products made by different manufacturers.

Calculate the npv and irr for the proposed project : What is the initial cost of the project? What are the expected operating cash flows for 2018 thru 2021?

What will be the cost in dollars if you use the forward : While you were visiting London this past weekend, you purchased a Jaguar for 70,000 (pounds). The Jaguar will be delivered to you later.

Evaluate the vintages return on equity : Vintage, Inc. has a total asset turnover of 1.55 and a net profit margin of 3.65 percent. The total assets to equity ratio for the firm is 2.4.

Has apple made a gain or loss and by how much : By the end of the month, it had unexpectedly dropped to $1.00 to the Euro. Has Apple made a gain or loss and by how much?

Characteristics that identifies it as technical writing : Describe an example of technical writing that you have written or encountered in the past week at work, home or school

Elitist elements gain control of government : Part of the idea of totalitarianism is that certain elitist elements gain control of government and impose their view on others.

Abolition movement in the united states : 1) In your opinion, which individual had the greatest impact on the Abolition Movement in the United States?

Jackson administration indian removal policy : In Florida, the Jackson administration's Indian removal policy led to the Second Seminole War.

User Account

All Pages