Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Translation and Performance Evaluation: Management compensation is often based on reported profits. What profit measurement is appropriate for top management to use in judging the performance of a U.S. Company's foreign subsidiary? Consider a Dutch subsidiary that reported the following results in euros for 2012 and 2011.
in thousands
2012
2011
Sales
€2,400
€2,000
Cost of Sales
€1,320
€1,200
Gross Margin
€1,080
€800
Other operating expenses
€230
€200
Profit before taxes
€850
€600
Income tax expense
€255
€180
Net Income
€595
€420
Average exchange rate: $1.10/€ for 2012. $1.20/€ for 2011. Composite historical rates relating to cost of sales and other operating expenses (including depreciation): $1.12/€ for 2012, $1.23/€ for 2011.
Required:
a. Prepare a schedule showing the Dutch subsidiary's income statement for 2011 and 2012 in euros and in dollars, using both the current rate and temporal methods. Compute the percentage change in income in each case.
b. Comment on the comparability of the translated income statements, focusing on the impact of the change in dollar value of the euro. Compute the ratios of net income/sales using the Euro statements and the dollar financial statements. How could you adjust the translated statements to enhance comparability? Show computations and comment on the results.
c. Comment on the impact of the euro weakening vs the euro strengthening in subsequent years. What will be the impact on the parent company?
Evaluate federal income tax return
Create the journal entry for the issuance when the market price of common shares is $ 168 each and market price of the ideal is 210 each.
worldwide accounting diversity international accounting doupnik and pereraexplain diversity through annual reports of
An interesting research paper on fair value accounting of PP&E under IFRS which allows either historical cost or fair value accounting treatment.
Evaluate the maximum profits that Greentown can earn and the customer mix and quantity by which that profit will be achieved.
Principal business activity is plumbing installation and repair and its business code number is 238220. It files its income tax returns on this calendar-year basis.The partnership requires maximizing its cost recovery deductions for tax purposes
The tax rate is 35%. Calculate operating cash flow using the four different approaches described in the chapter and verify that the answer is the same in each case.
Provide the facts presented, show the various factors that affect reliability of (1) the comparable uncontrolled price method, (2) the resale price technique, (3) the cost plus technique.
1. find what was youngs total share of net loss for the first year?a. 3900 loss.b. 11700 loss.c. 10400 loss.d. 24700
The offer price is for all Adjusting Enteries,Bank reconlilation and financial statement for this assignment..... Plus all extra info last trail balance error cheque account balance was $93410 and Account Recievable $65206.
1 employees are paid bi-monthly on the 1st day of the month for work performed during the last half of the last month
this is a project due by the 18th of april. get a magazine newspaper etc. online or otherwise choose an article
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd