2011 Business 2 Update - 100,000 x $1/1 = $100,000 150,000...

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2011 Business 2 Update Business 2 Update for the 2011 Edition Last Updated February 9, 2011 SECTION A: TEXT AND LECTURE ERRATA Item A.1 Pgs. B2-48 to B2-54: Certain portions of this section of the B2 lecture have been marked as Ancillary. However, this entire section (pgs. B2-48 to B2-54) should have been marked as Ancillary. This information is not covered by Mike Potenza in the multimedia lecture and should be reviewed by students outside of class. Item A.2 Pg. B2-109, Chart Added by National Instructor Illustrating Economic Exposure There are a few typos in the chart added to the text by the National Instructor, although the National Instructor’s comments are correct. The following is the corrected chart with changes highlighted: QTR 1 QTR 2 Exchange rate $1 U.S. = 1€ Dollar appreciates $0.80 U.S. = 1€ Quantity of widgets sold in Europe $ 10,000 widgets $ 15,000 widgets Total sales (in Euros) 10,000 widgets x 10€ = $ 100,000€ 15,000 widgets x 10€ = 150,000€ Convert € to $U.S.
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Unformatted text preview: 100,000 x $1/1 = $100,000 150,000 x $0.80/1 = $120,000 COGS 10,000 widgets x $5 = $50,000 15,000 widgets x $5 = $75,000 Profit $100,000 - $50,000 = $50,000 $120,000 - $75,000 = $45,000 Profitability ($100,000 - $50,000)/$100,000 = 50% ($120,000 - $75,000)/$120,000 = 37.5% SECTION B: PASSMASTER, SIMULATIONS, & QUIZZES ERRATA None SECTION C: TEXT AND LECTURE ADDITIONAL OR ENHANCED INFORMATION None SECTION D: PASSMASTER, SIMULATIONS, & QUIZZES ADDITIONAL OR ENHANCED INFORMATION None EDITORS COMMENTS Some of the Items above have come from our internal review process, some have come from questions and comments from Becker instructors around the world, and some have come from questions asked by various candidates, either from Becker Academic Support or in online or live classes. We wish to thank all of these individuals as a group for their efforts to improve our materials. 1 2010 DeVry/Becker Educational Development Corp. All rights reserved....
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This note was uploaded on 09/25/2011 for the course ACCOUNTING AC591 taught by Professor W during the Spring '11 term at Keller Graduate School of Management.

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