Vis Exercise 1-7 Part 1Volkswagen AG and Daimler AG, both based in Germany, are two of the largest automobile manufacturers in the world. The following information was provided in Volkswagen AG's 2020 annual report.Volkswagen AG2020 Annual ReportGermanyEurope/Other marketstNorth AmericaSouth AmericaAsia-PacificHedges sales revenue*Total† Excluding Germany. In millions of eurosMultiple ChoiceOCalculate an index of multinationality based upon the geographical distribution of sales revenue and noncurrent assets (employee information is not available) for Volkswagen AG's 2020 Annual Report.OO0.200.360.62Salesrevenuefromexternalcustomers*12 81742,84790 65290,65236,8108,63244, 288(345)222,8841.2Intangibleassets,property,plant andequipment,lease assetsand investmentproperty*coperty105,630105 63047,68023,8522,3233,611183,096

Index is calculated by using arithmetic average of both sales and assets

Answered: Volkswagen AG and Daimler AG, both…

Financial & Managerial Accounting

14th Edition

ISBN:9781337119207

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter20: Variable Costing For Management Analysis

Section: Chapter Questions

Problem 1ADM

See similar textbooks

Similar questions

Q3 Exerpt taken from Engro Corporations press release: “Engro Corp is one of Pakistan’s largest conglomerates, in operation for over 45 years, and with businesses ranging from fertilizers to power generation. Currently Engro Corp’s portfolio consists of seven businesses which include chemical fertilizers, PVC resin, a bulk liquid chemical terminal, industrial automation, foods, power generation and commodity trade. Engro Corporation Limited has announced the launch of the second issue of the Engro Rupiya Certificates savings option, which provides investors with an unprecedented 14.5% (coupon) rate of return. This issuance follows the successful launch of the certificates in October 2010. The second release of Engro Rupiya Certificates also offers profit payments twice in a year for a minimum amount of PKR 25,000, invested for a period of 3 years. The product offers investors the option to encash the certificates at any time, with the profit accumulated from the date of purchase to…
Q3.(A.)The Sunlight company is ranked 104th on the Fortune Global 500 list of the world's biggest corporations as of 2020.It is ranked 8th among the Top 250 Global Energy Companies by Platts as of 2018. Sunlight continues to be India's largest exporter, accounting for 9% of India's total merchandise exports with a value of Rs 157,755 crore and access to markets in 111 countries. The company is responsible for almost 5% of the government of India's total revenues from customs and excise duty. It is also the highest income tax payer in the private sector in India. In 2020, Sunlight Industries become the first Indian firm to cross Rs 9 lakh crore market valuation mark. It has become the first ever Indian company to cross Rs 10 lakh crore market capitalization. This company has issued Bond having face value of Rs.1100/- and coupon rate is 14% has a market value of Rs.1010 was purchased for Rs.940. If 8 year are remaining to maturity, calculate the yield to maturity for the Bond and suggest…
Under Armour's Strategy in 2019: Its Struggle to Revive North American Sales and Profitability These point should be put in your answer (1) Company's current performance; (2) Strategic Position; (3) External/Internal Environment; & (4) Recommended Strategy
a) The Business and Financial Times currently has given the following quotes between ¢:$ as:Spot = 0.7200 – 0.72501 month forward = 0.0014 – 0.0016 premium1 month forward rate = 0.7186 – 0.7234 i. Your company currently has GH¢32,500 and wishes to import goods from America. Assuming you are the financial advisor of such company, what will be your advice? ii. Should they import now or a month’s time, assuming prices will remain constant? b) Agency problem is pervasive and exists in practically every organization whether a business, church, club, or government. Organizations try to solve it by instituting measures but no organization can remedy it completely.How would you analyze this statement within the context of a limited liability company and what are the possible remedies to this problem?
Return on assets ExxonMobil Corporation (XOM) explores, produces, and distributes oil and natural gas. The Coca-Cola Company (KO) produces and distributes soft drink beverages, including Coke. Wal-Mart Stores, Inc.., (WMT) operates retail stores and supermarkets. Analyze and explain the rankings in (2).
LVMH: Group segment sales and EBITDA analysis LVMH Group is a French domiciled company known for Dior, Givenchy, Louis Vuitton, and many other fashion brands. LVMH's operating segment revenues, operating income, and depreciation and amortization expenses for a recent year are as follows (in millions of euros): A. Prepare a vertical analysis of the segment sales to total sales. (Round to nearest whole percent.) B. Interpret the vertical analysis in (A). C. Compute (1) EBITDA and (2) EBITDA as a percent of sales (EBITDA margin) for each segment. (Round to nearest whole percent.) D. Prepare a column bar chart of the EBITDA as a percent of sales for the segments in descending order. E. Interpret the chart in (D).
Question 5 (Marks: 30)Consider the info provided below as well as the financial statements and answer the questionsthat follow. Pearson & Litt is a manufacturing company in the Eastern Cape. Their factory manufactures glasswine bottles for the Blue Valley Beer Co. 2019 2020Sales price per unit R15 R19Variable cost per unit R6 R7Fixed cost (FC) per annum R650 000 R 855 500Fixed cost per unit R3 R4 Current assets R450 600 R560 700Current liabilities R510 000 R780 000Retained profit R21 809 R17 600Net Sales R2 900 320 R 3 100 100Cost of sales R390 000 R475 00018; 19; 20 2020© The Independent Institute of Education (Pty) Ltd 2020Page 11 of 12Q.5.1Q.5.1.1 Calculate the break‐even point for Pearson & Litt for 2019 and 2020. (7)Q.5.1.2 Compare the results of the 2019 and 2020 break‐even point and explainwhy there might be a difference.(3)Q.5.2 The current ratio reflects the relationship between the value of the current assetsand the extent of the current liabilities of a business.…
Question You are the chief financial analyst of Hercules Manufacturing Limited. The company manufacturesbowls and has been planning to aggressively expand its sales into the Middle Eastern markets. Youhave been tasked to analyse its reports using CVP and provide explanations to the Director, TierraMuller.The operating statement relating to the month ended September 30, 2019 of Hercules ManufacturingLimited is as follows: $’000 $’000Sales (22,000 units) 3,300Direct materials 726Direct labour 374Production overheads 798Total 1,898Gross profit 1,402Selling overheads 1,042Net profit…
Question 12 Which of the following is an example of a greenfield investment made by a foreign company in the UAE? Mcdonald’s USA opens a franchisee restaurant in Dubai Mall Amazon US partners with Careem in UAE Uber US acquires Careem in UAE IBM opens an IBM fully owned subsidiary office in Dubai
PROBLEM 27 An entrepreneur who is single had the following data in the current year 2019: Gross Business Income-Philippines P2,600,000 Gross Business Income-Australia 1,400,000 Cash Dividend Income from a domestic corporation 25,000 Collections of loans receivable from the Philippines. The payor is a non-resident alien - Principal 50,000 - Interest 2,500 Property Dividend Income from a non-resident foreign corp. 15,000 Rental Income received in Australia from a relative of a resident alien who is renting the property located in the Philippines 20,000 Cash dividend from a resident foreign corporation, 18,000 which had the following data for the last 3 years period before the year the dividend was declared: • Gross income - Philippines P3,000,000 • Gross income - Abroad 2,000,000 Compute the gross income if the taxpayer is a: a. Resident Citizen b. Resident Alien
Q1-8 Suppose that the price of a product in Canada is $150 and in US is $180. If the cost of transporting the product is $15, then: a. it is possible to engage in arbitrage. b. it is not possible to engage in arbitrage. c. it is inconclusive whether arbitrage is possible. d. arbitrage is possible only if transportation cost is $1.
Required: Use an Excel spreadsheet to calculate the net present value NPV from a "Parent company perspective" (the PPC) The Malaysian subsidiary of the PPC distributed and assembled electric motors. It also had limited manufacturing facilities so that it could undertake particular adaptations required. With the maturing of the Asian market, particularly in the industrial sector, an expansion of capacity in that market was of strategic importance. The Malaysian subsidiary had been urging corporate management to expand its capacity since the beginning of 2015. However, an alternative scenario appeared more promising. The Indian economy, with its liberalized economic policies, was growing at annual rates much higher than those of many industrialized countries. Further, India had lower labor costs and specific government incentives that were not available in Malaysia. Therefore, the company chose India for its Asian expansion project and had a four-year investment project proposal prepared…

SEE MORE QUESTIONS

Recommended textbooks for you

Financial & Managerial Accounting

Accounting

ISBN:

9781337119207

Author:

Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:

Cengage Learning

International Financial Management

Finance

ISBN:

9780357130698

Author:

Madura

Publisher:

Cengage

Survey of Accounting (Accounting I)

Accounting

ISBN:

9781305961883

Author:

Carl Warren

Publisher:

Cengage Learning

Financial & Managerial Accounting

Accounting

ISBN:

9781337119207

Author:

Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:

Cengage Learning

International Financial Management

Finance

ISBN:

9780357130698

Author:

Madura

Publisher:

Cengage

Survey of Accounting (Accounting I)

Accounting

ISBN:

9781305961883

Author:

Carl Warren

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS