User Account

All Pages

What would be the gross profit in 2018

Assignment Help Financial Management
Reference no: EM132319190

Question

Let's suppose you (USA dealer) imported 10 BMW (7 series) from a German dealer on March 1, 2018 at € 70,000 each, payable in 30 days. The exchange rate on March 1, 2018 was 1.16 US$/€.

Then you sold all of them in the US market at US$87,000 (each MBW) in cash on March 29, 2018. On April 1, 2018, you paid in full to German car dealer at the exchange rate of 1.15 US$/€.

For this scenario, what would be the Gross Profit (not Net Income) in 2018?

Reference no: EM132319190

Questions Cloud

What is the income tax expense to be reported by amanda : Amanda Company began manufacturing operations on January 2, and Year 4. In Year 4, Amanda earned a pretax book income of $300,000 and had taxable.
The difference between a cost center and a profit center : What is the difference between a cost center and a profit center? Describe the difference between a centralized and a decentralized management style.
Project team and are there differences : What are the steps of building a project team and are there differences?
Estimation versus fixed-duration estimation activities : What is the difference or compare and contrast of Event-Driven Estimation versus Fixed-Duration Estimation Activities?
What would be the gross profit in 2018 : Lets suppose you USA dealer imported 10 BMW 7 series from a German dealer on March 1, 2018 at 70,000 each, payable in 30 days.
Companies organization performance : Describe the tools utilized to measure a fortune 500 companies organization performance.
The value of fair treatment in the workplace : Explain the Employment at Will Doctrine and ALL exceptions to the Doctrine. Look at the scenarios below and determine whether the decision to fire employee
Employee feedback are usually measured : Explain how a fortune 500 companies organizational and employee feedback are usually measured.
What was epsilon pty ltds cost of goods sold : At 1 July 2010, Epsilon Pty Ltd had 100 items of inventory which had cost $50 each. During the year ended 30 June 2011, it purchased 1500 items.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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