How many us dollars french subsidiary contributes

Reference no: EM131334805

Last year, the French marketing subsidiary of International Pharmaceuticals Corporation (IPC), a New Jersey-based drug manufacturer, earned 700,000 euros.

This year, partly due to a weaker U.S. dollar, the French subsidiary will earn 900,000 euros. Last year, the exchange rate was 1.2 euros per dollar, and this year, it is 1.0 euros per dollar.

Calculate how many U.S. dollars the French subsidiary contributes to IPC's earnings in each year.

Reference no: EM131334805

Questions Cloud

Which of the four quadrants of the bcg matrix you feel : Research a company of your choice and determine which of the four quadrants of the BCG Matrix you feel it fits into. Justify your response using information about the company.

Equilibrium level of income or real gdp for economy : a. Calculate the equilibrium level of income or real GDP for this economy. b. What happens to equilibrium Y if G changes to 20? What does this outcome reveal about the size of the multiplier? What does this outcome reveal about the impact of fiscal..

Calculate breakeven point of company that has many products : What approach should be used to calculate the breakeven point of a company that has many products? How is the contribution margin per unit of limited resources computed?

Aggregate equilibrium price level-equilibrium real income : Indicate which curve or curves would shift and how that would affect the aggregate equilibrium price level and equilibrium real income (GDP) in the short-run.

How many us dollars french subsidiary contributes : Last year, the French marketing subsidiary of International Pharmaceuticals Corporation (IPC), a New Jersey-based drug manufacturer, earned 700,000 euros.- Calculate how many U.S. dollars the French subsidiary contributes to IPC's earnings in each ..

Identify and briefly describe four types of b-two-b web site : Identify and briefly describe four types of B2B web sites. Provide examples for each. In what ways does a B2B site need to operate differently than a B2C site?

Involved in making a decision to shut down : Why might a profitable motel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding economic development? What kinds of costs are involved in making a decision to shut down?

How much did this gift cost you to give : "Suppose you got a gift certificate to attend a concert in town. The price of admission is $40. You would be willing to pay $30 to see the concernt. Your neighbor offered to pay you $20 for the ticket. Instead, you gave it to me as a gift. How muc..

Forecast the future 5 year spot rate for the won : Forecast the future 5-year spot rate for the won (versus the dollar) using the Shoesmith Wave forecast and the forecast from the financial markets.

User Account

All Pages