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Author Question: Megatron Corp. earned net income of 16,000 Euros in its overseas branch at France. Its headquarters ... (Read 234 times)

Bernana

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Question 1

Inflation clouds the real economic returns on an asset and ________.
◦ makes variable-cost-based ROI higher
◦ makes historical-cost-based ROI lower.
◦ makes historical-cost-based ROI higher
◦ makes variable-cost-based ROI lower

Question 2

Megatron Corp. earned net income of 16,000 Euros in its overseas branch at France. Its headquarters is located in the U.S. The rate of conversion during set up was $1.309 / Euro. What is the value of its income in its home currency if the rate is $1.508 / Euro at the end of a financial year and the average rate being $1.410 / Euro?
◦ $12,223
◦ $22,560
◦ $24,128
◦ $20,944


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Marked as best answer by Bernana on Mar 6, 2021

Sweetkitty24130

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Bernana

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review


nothere

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Reply 3 on: Yesterday
:D TYSM

 

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