Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please write down the detailed steps. Thank you! Santiago Pirolta's Compensation Agreement. Santiago Pirolta has accepted the Managing Director position for Vitro de Mexico's U.S.

image text in transcribed
please write down the detailed steps. Thank you!
Santiago Pirolta's Compensation Agreement. Santiago Pirolta has accepted the Managing Director position for Vitro de Mexico's U.S. operations, Vitro is a exico-based manufacturer of flat and custom glass products. Much of its US sales are based on a variety of bottle products, both mass market (eg.glass bottles fc soft drinks and beer) as well as specialty products (high-end cosmetic bottles with rare metal coloring and quality). He will live and work in the United States (Dallas, Texas) and wishes to be paid in U.S. dollars. Vitro has agreed that his base salary of USD340,000 will be paid in US dollars, but Vitro wishes to the his annual performance bonus (potentially 15% to 30% above his base salary) to the Mexican peso value of U.S. sales since Vitro consolidates all final results for reporting to stockholders in Mexican pesos (MXN). Santiago, however, is a bit uncertain on having his bonus based on the Mexican peso values of U.S. sales. As a close friend an Solleague, what advice would you give him based on your completion of the table below? (Click on the icon to import the table into a spreadsheet) Vitro's U.S. Sales Annual Avg Rate Vitro's U.S. Sales Year (million USD) Change (%) MXN = 1 USD (million MXN) Change (%) 2015 821 1281 2016 840 13.32 2017 845 12.71 2018 860 13.41 Complete the table below. (Round all values as in year 2011.) Vitro's U.S. Sales Change Annual Avg Rate Year (millions of USD) (%) MXN = 1 USD 2011 821 12 81 Vitro's U.S. Sales (millions of MXN) Change (%)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Stock Market A Beginners Guide To Trading Success

Authors: Robert M. Williams

1st Edition

979-8378914210

More Books

Students also viewed these Finance questions

Question

Simplify. 7x x 4 x+2 2 x+3 x-9x + 14 x+3x

Answered: 1 week ago