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ruby5ltc · 2023年09月10日

请问C为什么错

NO.PZ2023040501000071

问题如下:

Nation Resorts Ltd (Nation) is a US-based operator of destination vacation resorts.

Nation made its first non-domestic investment when it bought a resort in Jamaica on 1 May 2008. Initially, Nation provided managers to assist in operating the resort but then hired local Jamaicans into its management development program, one of whom was recently appointed to a senior position at the resort. Nation invested in building and upgrading facilities, with the initial expansion financing provided by Nation’s US bank. Concerned about the high rate of inflation in Jamaica, which at the time of purchase averaged 20% per year over the previous three years, Nation kept any excess funds in US dollars. The company’s vacation packages are sold primarily in the United States, and its prices reflect competitive conditions in the US vacation market. In 2010, the Jamaican resort used local labor and supplies and was profitable for the first time. In addition, by that time, inflation had declined to 14% per year, and Nation expected to be able to reinvest any profits in the resort and start using a local bank for ongoing financing needs.

In 2008, Nation most likely used which of the following translation methods for the Jamaican resort?

选项:

A.

The current rate method because the Jamaican dollar was the functional currency

B.

The temporal method because the US dollar was the functional currency

C.

The temporal method because of the high rate of inflation

解释:

Based on the facts described, the US dollar was the Jamaican resort's functional currency in 2008. The US economy and the US dollar are the factors that influence the prices of the vacation packages. The operations were financed from the United States, and excess funds were invested there. Nation also supplied onsite management. Therefore, the temporal method would be the most appropriate method to use. Although inflation was high at 20% per year over the prior three years, it did not meet the US GAAP definition of a highly inflationary economy (a cumulative three-year inflation rate exceeding 100%), which requires the temporal method be used for subsidiaries normally using the current rate method during periods of hyperinflation.

请问C为什么错

1 个答案

王园圆_品职助教 · 2023年09月10日

同学你好,英文解析里面已经说了C错误的原因了哦

“Although inflation was high at 20% per year over the prior three years, it did not meet the US GAAP definition of a highly inflationary economy (a cumulative three-year inflation rate exceeding 100%), which requires the temporal method be used for subsidiaries normally using the current rate method during periods of hyperinflation.”

意思就是虽然通胀达到了20%每年,但是没有达到3年累计通胀超过100%(或者上课老师说的年华通胀率超过26%)的要求,请看以下讲义截图的表述也和解析是一致的

所以子公司所在地并不属于恶性通货膨胀,那“因为有恶性通胀而选用temporal method”的这个理由就不成立了

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NO.PZ2023040501000071问题如下 Nation Resorts Lt(Nation) is a US-baseoperator of stination vacation resorts. Nation ma its first non-mestic investment when it bought a resort in Jamaion 1 M2008. Initially, Nation provimanagers to assist in operating the resort but then hirelocJamaicans into its management velopment program, one of whom wrecently appointeto a senior position the resort. Nation investein builng anupgrang facilities, with the initiexpansion financing proviNation’s US bank. Concerneabout the high rate of inflation in Jamaicwhithe time of purchase average20% per yeover the previous three years, Nation kept any excess fun in US llars. The company’s vacation packages are solprimarily in the UniteStates, anits prices reflecompetitive contions in the US vacation market. In 2010, the Jamaicresort useloclabor ansupplies anwprofitable for the first time. In aition, thtime, inflation hclineto 14% per year, anNation expecteto able to reinvest any profits in the resort anstart using a locbank for ongoing financing nee. In 2008, Nation most likely usewhiof the following translation metho for the Jamaicresort? A.The current rate methobecause the Jamaicllwthe functioncurrencyB.The tempormethobecause the US llwthe functioncurrencyC.The tempormethobecause of the high rate of inflation Baseon the facts scribe the US llwthe Jamaicresort's functioncurrenin 2008. The US economy anthe US llare the factors thinfluenthe prices of the vacation packages. The operations were financefrom the UniteStates, anexcess fun were investethere. Nation also supplieonsite management. Therefore, the tempormethowoulthe most appropriate methoto use. Although inflation whigh 20% per yeover the prior three years, it not meet the US GAfinition of a highly inflationary economy (a cumulative three-yeinflation rate exceeng 100%), whirequires the tempormethousefor subsiaries normally using the current rate methoring perio of hyperinflation. 除非特殊说明,例如inflation,其他情况从交易(或者sales的角度定function currency)。如果没有明确sales时货币时,接下来要看什么?有没有主次的排序本题描述初创管理层是US的(以后用本地的,且员工以后也用本地的),资本投入是通过US bank(以后用本地的)产品销售到US(价格反应US 市场)。其中提到一句“excess fun in US llors”,是基于这句话确定function currency是US llors=母公司的reporting currency,还是基于产品销售反应US市场

2024-05-08 01:05 1 · 回答