Compute Wilsen's exchange gain or loss for 2017 if Wilson is considered to be an integrated subsidiary (i.e., the functional currency of the foreign operation is the same as the parent).
On December 31, 2016, Hilman Enterprises of Montreal paid $12,000,000 for 100% of the outstanding shares of Wilsen Corp of the United States. Wilsen's fair values approximated its book values on that date.
Wilsen's comparative balance sheets for 2016 and 2017 are shown below:
Wilsen paid US$100,000 in dividends on September 30, 2017.The inventories on hand at the end of 2017 were purchased when the exchange rate was US$1 = CDN$1.195.
What will be an ideal response?
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Differentiate between the planning philosophies of satisfying, optimizing, and adaptivizing.
What will be an ideal response?
While horizontal analysis examines one item over many time periods, vertical analysis examines many items in the same interval of time.
Answer the following statement true (T) or false (F)
Scenario 6.2 Use the following to answer the questions. Both the Toyota Sienna and the Nissan Quest were very popular choices for family vans. Toyota noticed that the majority of its customers were families with 3 or more children, and so they developed commercials that featured larger families. They also produced commercials that featured Hispanic-looking actors and for some markets, in Spanish. Alicia Desario and her husband were currently shopping for a van for their family. As Alicia listened to an advertisement on the television about the Nissan Quest, she noticed that the Nissan cost about $27,000 and had gas mileage of about 17 mpg. She recalled an earlier ad for the Toyota Sienna, which also cost about $27,000, but had gas mileage of about 21 mpg. She also liked the way the
family was portrayed in the Toyota ad, showing the children in the back seats having plenty of room, watching the DVD players, and having their own sound controls. When she spoke to Carlos, her husband, about how much she liked the Toyota van, he replied that its gas mileage was too low at only 16 mpg. Since Alicia didn't agree with that number, he produced a magazine ad that supported his claim of the 16 mpg for the Toyota. Alicia couldn't believe that she had made such an error in hearing what the gas mileage was for the Toyota and the Nissan. Refer to Scenario 6.2. Toyota's production of commercials that featured Hispanic actors and the Spanish language is an example of marketing to A. cultural self-concepts. B. social classes. C. subcultures. D. roles. E. social strata.
The seven rules for building a successful business include recognizing an opportunity, evaluating it with critical thinking, building a team, and financing with money from credit cards.
Answer the following statement true (T) or false (F)