Foreign Currency Fluctuations How does Walt Disney account for foreign currency fluctuations? How much did the...
Foreign Currency Fluctuations How does Walt Disney account for foreign currency fluctuations? How much did the Walt Disney Company gain or lose in 2013 because of foreign currency fluctuations? Explain the effect that a drop in value of the US dollar would have on the financial statements of Walt Disney Corporation. Cite specific examples that relate to Walt Disney’s financial statements.
Homework Answers
Disney said in its statement in 2013-14 that it had faced loss due to changes in the economic conditions of the U.S. the reason is lacking of tourism from U.S into hotels , restaurant, parks etc
Secondly, a mere change in the foreign exchange rate also increase costs of labour , decrease in demand of its products . Thus , in this way the foreign currency fluctuations affect its corporation
Walt Disney just ensure that the sales for its products and services will not be reduced at some extent . He for this purpose may offer an future exchange rate for the transactions.
A drop in the price of US dollar may lead to decrease in sales of Disney corporation and also increase its direct costs of labour . In short , it will make its financial statements a little bit weak by lowering it's profits .
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Case Study Notes
Case
Questions
1- Is Disney liquid compared to its peers?
2- Does Disney manage its assets effectively compared to its
peers?
3- Does Disney’s debt load suggest trouble paying its
creditors?
4- Compare Disney’s profitability to its peers.
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Summative Case 3 Foreign Currency fluctuations and Revenue Chikennella has considerable non-US operations. The Table below shows. Chikennella 2015 revenue by geographic segment along with related exchange rates at the beginning and end of the year. The exchange rates represent the foreign current equivalent of $1. USD exchange rate 01/01/15 12/31/15 Year ended December 31, 2015 ($ millions) Asia, other than China Europe China ..... Middle East.... Oceania .. Canada Africa - Latin America and Caribbean Total...
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Case Study Notes
Case
Questions
1- Is Disney liquid compared to its peers?
2- Does Disney manage its assets effectively compared to its
peers?
3- Does Disney’s debt load suggest trouble paying its
creditors?
4- Compare Disney’s profitability to its peers.
21,922 36.5% 46.7% 24,701 41.1% 6,095 38.8% PECP Studio Entertainment 10,065 16.7% 19.1% 3,414 5.7% -738 -4.7% -668 -10 Eliminations Total 59,434 HOW DISNEY MAKES MONEY PARKS, EXPERIENCES & CONSUMER PRODUCTS A previous Disney Case used the company's financial...
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Volkswagen's Hedging Strategy
1. Why did Volkswagen suffer a 95% drop in its 4th
quarter, 2003 profits?
2. Do you think the Volkswagen’s decision to hedge only 30% of
its anticipated U.S. sales was a good? Why or why not?
3. Do you think the Volkswagen’s decision to revert back to
hedging 70% of its foreign currency exposure was a good decision?
Why or why not?
Embraer and the Wild Ride of the Brazilian
Real
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Property, Plant and Equipment Property, plant and equipment, which includes assets under capital leases, are carried at cost less accumulated depreciation. Cost includes all direct costs necessary to acquire and prepare assets for use, including internal labor and overhead in some cases. Depreciation is computed using the straight-line method over estimated useful lives of the assets, generally ranging from...
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