Fissler AG, Headquartered in Germany, Records All of It Sales

question 23

Multiple Choice

Fissler AG, headquartered in Germany, records all of it sales worldwide in euros. Its USA division realized sales of €2,675,000 last year when the exchange rate was $1.33/€ and sales of €2,355,000 this year when the exchange rate was $1.48/€. What was the percent change in USD revenues for the USA division over the last year?

• A) -13.99%
• B) -11.96%
• C) -2.03%
• D) -20.89%

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Definitions:

Price Subsidies

Financial assistance provided by governments to lower the cost of goods or services, making them more accessible to consumers.

Income Subsidies

Income subsidies are financial assistance programs provided by governments to individuals or households to help them afford essential needs, thereby increasing their income.

Economic Inefficiency

A situation where resources are not allocated optimally, leading to wastage or less than maximal output in an economy.

Food, Conservation, and Energy Act

U.S. legislation enacted in 2008 aimed at governing a wide range of agricultural and food policies, including crop insurance and nutritional programs.