Q3. Winter stated that foreign currency flow effects were the cause of the decline in sales for International Condor’s Norwegian subsidiary. Which of the following would least likely be considered a flow effect? A) Goodwill reported upon purchase of the Norwegian subsidiary. B) Revenue received from Norwegian operations during the reporting period. C) Translation of EBITDA into the reporting currency.
Q4. Law made a forecast about International Condor’s sales for its Japanese region. If Law’s forecast is correct, what will be the percentage increase in revenue once translated into the reporting currency? A) 18.3%. B) 20.0%. C) 22.1%.
Q5. Regarding the answers to Greenley’s questions about holding effects: A) Singleton’s answer was incorrect; Robinson’s answer was correct. B) Singleton’s answer was correct; Robinson’s answer was correct. C) Singleton’s answer was correct; Robinson’s answer was incorrect.
Q6. Greenley is considering the effects of a change in exchange rates between the Canadian and U.S. dollar, and the resulting impact from incorporating the Canadian division’s results into International Condor’s consolidated financials. If the Canadian dollar appreciates by 10% relative to the U.S. dollar from its 2003 level, what would be the exchange rate and the affect of translating $1,000 in sales from Canadian to U.S. dollars? A) 1.345 CAD/$US 1, $1,000 would increase from $675.68 to $743.49. B) 1.332 CAD/$US 1, $1,000 would decrease from $1,480 to $1,332. C) 1.628 CAD/$US 1, $1,000 would decrease from $675.68 to $614.25.
Q7. Regarding Greenley’s question about the high rate of inflation in Russia: A) Rozko’s statement is incorrect; Law’s suggestion is incorrect. B) Rozko’s statement is correct; Law’s suggestion is incorrect. C) Rozko’s statement is incorrect; Law’s suggestion is correct.
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发表于 2009-1-17 14:51
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