Perform convenience translation into us dollar for each year

Assignment Help Financial Accounting
Reference no: EM133075659

Question - The following sales revenue pattern is for a British trading concern.

 

2009

2010

2011

Sales revenue

£23,500

£28,650

£33,160

Required -

a. Perform a convenience translation into U.S. dollars for each year given the following year-end exchange rates:

2009 £1 = $2.10

2010 £1 = $2.20

2011 £1 = $1.60

b. Compare the year-to-year percentage changes in sales revenues in pounds and in U.S. dollars. Do the two time series move in parallel fashion? Why or why not?

c. Suggest a method for minimizing the effect of exchange rate changes on foreign currency trend data.

Reference no: EM133075659

Questions Cloud

Calculate the duration of the bond : A bond with exactly two years to maturity with a face value of $1,000 pays a semi-annual coupon of 3.0% p.a. Calculate the duration of the bond
Price of a 6-month put on tru-u stock : Risk-free assets are currently returning 29 percent per month. What is the price of a 6-month put on Tru-U stock with a strike price of $45?
Calculate the yield jacob will achieve from his investment : Calculate the yield (simple interest, in percent per annum) Jacob will achieve from his investment in the bank bill
What is the probability of option expiring itm : What is the probability of option expiring ITM for a 160 CALL?
Perform convenience translation into us dollar for each year : Perform a convenience translation into U.S. dollars for each year given the following year-end exchange rates: 2009 £1 = $2.10, 2010 £1 = $2.20, 2011 £1 = $1.60
Propose the fair price for a zero-coupon bond : You are looking at the valuation of some risk-free government bonds. It has been observed that the current 3-year discount factor for risk-free cash flows is 0.
Hipaa-hitech and organizational policies in place : How do you propose that staff is educated on HIPAA/HITECH and the organizational policies in place?
Value of the insurance policy six weeks : MOX Insurance Co. is selling an insurance policy that pays $3,000 every 2 weeks forever with the first payment starting 20 weeks later from now. The interest ra
Recapitalization change the firm cost of equity : Federal Inc. currently finances with 25% debt (i.e., wd = 25%), but its new CFO is considering changing the capital structure so wd = 50% by issuing additional

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd