United owns Estada, a European based subsidiary for which the Euro is the functional currency. Estada had a net asset position at January 1, 2012 of 1,200,000 Euros and reported income of 350,000 Euros for 2012, which was earned evenly throughout the year. In addition, Estada paid 100,000 Euros of dividends at December 31, 2012. The following were in effect during 2012:
Determine the amount of the unrealized translation gain or loss United should record for 2012 with respect to Estada.
Definitions:
Smoothing Constant
A parameter used in exponential smoothing models to weigh the significance of the most recent observation in forecasting.
Time Series
Time Series refers to a sequence of data points collected or recorded at successive times, often at regular intervals.
Exponential Smoothing
A time series forecasting method for univariate data that applies decreasing weights over time.
Liquor Sales
The revenue generated from the sale of alcoholic beverages.
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