Ventaz Corp

question 94

Multiple Choice

Ventaz Corp. purchased assets for its overseas branch for $15,000 The rate of conversion at the time of purchase of asset was $1.400 / Euro. If the company evaluates a project's ROI based on its initial costs and its operating income and does that in the foreign currency, what value of assets in Euros to be used to calculate the ROI if the rate current conversion rate is $1.511 / Euro and the average rate being $1.410 / Euro?

• A) 10,714 Euros
• B) 9927 Euros
• C) 10,638 Euros
• D) 21,000 Euros

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Definitions:

Plaintiff

The party who initiates a lawsuit by filing a complaint against the defendant, seeking legal remedy for a grievance.

Contact

A point at which two or more things come together, or a means of communication or interaction between people or organizations.

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The act of damaging someone's reputation by making false or harmful statements.

Publication

The act of making content available to the general public, typically through printing, broadcasting, or online media.