?UBIT . University st Eu_fe M Access Connect e Chegg Study! Guided Sc e Chegg 5ucylGuided5: x \G(25) Postings X(25) AppX x x x ::: Aops?!nformation Technci n MyUE Home Page?The Libraries-Unive u UD Student Respon:?UEit Software Dow?UDLearns D l ported From IE Required Information 666 polints The selling price of imported olive oil is $20 per case. Your cost is 15 Euros per cose, and the exchange rate is cumendy 125, so h tokes 1.25 Euros to buy $1. Your lorgest customer hos ordered 15,000 cases of olive oil. How much is the pretax profit for this $120.000 O $100000 O $90000 o $80 000 o $60.000 15 5 Required Information 6.76 points The Simpson Corporation is calculating their edjusted balarice sheet into U.S. Dollars. The exchenge rate al the beginning of the year was $1 Euro $1 U.S dollar. The current exchenge rate is.80 Euros to $1.00. Net Income for the yeat was zero. How much is the occounting gainvloss due to the exchange rote change? Beginning Balance Sheet AssetS 3,000 Euros . Equity= 1.500 Euros " Lehlmes = 1500 Euros O $125. gain $375, loss $375, gain o $500, loss O $500. gain Chock my worl ? o e @Hw 4 . Google Ch.., 10 25 AM ??.UF.14. ENG 5/2/2010