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Choosing the functional currency is a key decision for translating the financial statements of foreign entities of U.S. firms into U.S. dollars. Qing Corporation, a U.S. firm that sells car batteries, formed a wholly owned subsidiary in Mexico to manufacture components needed in the production of the batteries. Approximately 50 percent of the subsidiary's sales are to Qing Corporation. The subsidiary also sells the components it
Manufactures to independent third parties, and these sales are denominated in Mexican pesos. Financing for the manufacturing plants in Mexico is denominated in U.S. dollars, but labor contracts are denominated in both dollars and pesos. All material contracts are denominated in Mexican pesos. Senior managers of the subsidiary are employees of Qing Corporation who have been transferred to the subsidiary for a tour of international service. Is the functional currency of the subsidiary the peso or the U.S. dollar? Explain your reasoning.
What will these bonds sell for at issuance? (Round your answer to 2 decimal places. (e.g., 32.16))
Alex Bell has just retired from the telephone company. His total pension funds have an accumulated value of $200,000 and his life expectancy is 16 more years. HIs pension fund manager assumes he can earn a 12% return on his assets.
mr. miser loans money at an annual rate of 19 percent interest with daily compounding. what is the effective annual
Cooper Inc's latest earnings per share (EPS) was $4.38, its book value per share was $16.00, it had 196,000 shares outstanding, and its debt ratio was 38%.
How can ordeal mechanisms reduce a particular problem with some benefits programs. What is the problem, and which ordeal mechanism or mechanisms do you prefer to use in which programs. Be specific in every case.
You just received $225,000 from an insurance settlement. You have decided to set this money aside and invest it for your retirement. Currently, your aim is to retire 25 years from today.
1. In what ways can we promote and protect public confidence in the financial-services sector of the economy? Why is this important to the public and to financial institutions?
Create a table for the NPV profile for this project for discount rates ranging from 0% to 30%, in intervals of 5%. For which discount rates is the project attractive?
How does a Dutch auction work? Not more than 4 short sentences.
Next year's earnings are estimated to be $6.00. The company plans to reinvest 33% of its earnings at 12%. If the cost of equity is 8%, what is the present value of growth opportunities?
Suppose a firm uses its company cost of capital to evaluate all projects. Will it underestimate or overestimate the value of high-risk projects? Respond in 250 words.
what act or law enacted by the us government and the irs is making it difficult for us citizens to do banking
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