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!
We hold equity interests in two wireless communications operations in Brazil. During January 1999, the government of Brazil allowed its currency to trade freely against other currencies. As a result, the Brazilian Real experienced devaluation against the U.S. Dollar. The devaluation resulted in the entities recording exchange losses related to their net U.S. Dollar-denominated liabilities. Our share of the foreign exchange rate losses for the first quarter was $280. These exchange losses are subject to further upward or downward adjustment based on the fluctuations in the exchange rates between the U.S. Dollar and the Brazilian Real. In a press release announcing the first quarter 1999 results, BellSouth Corporation provided the following information (as found on the company's Web site): BellSouth Corporation (NYSE:BLS) reported a 15-percent increase in first quarter earnings per share (EPS) before special items. EPS was 46 cents before a non-cash expense of 14 cents related to Brazil's currency devaluation.BellSouth CorporationNormalized Earnings Summary ($ in millions, except per share amounts) (unaudited)
Required:
Given the disclosure provided by BellSouth Corporation, answer the following questions:
1. Why did the company report a foreign currency loss as a result of the devaluation of the Brazilian Real?
2. What does the company mean when it states: These exchange losses are subject to further upward or downward adjustments based on fluctuation in the exchange rates between the U.S. Dollar and the Brazilian Real?
3. What is the company's objective in reporting Normalized Net Income? Do you agree with the company's assessment that it has a 15 percent increase in first-quarter earnings pershare?
Grohl Co. issued 11-year bonds a year ago at a coupon rate of 6.9 percent. The bonds make semiannual payments. If the YTM on these bonds is 7.4 percent, what is the current bond price?
What is the probability that the net present value of the project is negative? Find the standard deviation of the net present value of the project.
What are the average product of labor (L) and the average product of machines (K ) when the input mix is the one given above? Clearly and concisely, please explain how you would interpret these numbers.
Discuss how the concepts addressed in this course would or could benefit someone not planning a career in economics. Explain your rationale
Some companies base promotions solely on seniority. Discuss the negative and positive aspects of such a policy. How would you expect a large increase in the minimum wage to affect the pay package offered by employers?
1.What are the advantages and disadvantages of speculation from the point of view of
1.Should regulators of utilities that have been privatised into several separate companies allow?
You're reluctant to stop hiring temps all together because you save about 8 percent in total labor costs. What would you recommend doing?
A company is planning two business projects. Project A will return a loss of $45 if conditions are poor; a profit of $35 if conditions are good; and a profit of $155 if conditions are excellent.
What is the marginal rate of substitution for consumer B at the initial allocation? What is the marginal rate of substitution for consumer A at the initial allocation?
How would you attempt to assess whether a particular period of inflation was the result of cost push or demand pull pressures?
The opera provides a coupon for a 15% discount at Delicious Food for a meal with a 6:00pm reservation on opera evenings.
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