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Dropdown 1: Q4
Dropdown 2: greater than
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Difficulty:
95%
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Question Stats:
53% (02:44) correct
47%
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wrong
based on 1468
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For each of the 8 quarters of 2008-2009, the graph shows a Japanese electronics firm ́s total US sales (rounded to the nearest 1 million US dollars), and the change in the average value of US dollar in Japanese yen, where the change is expressed as a percentage of the dollar ́s value in the first quarter of 2008 (Q1 2008), to the nearest 1 percent. For any given quarter, this data may be used to convert total US sales to their Q1 2008 yen equivalent: a value directly proportional to that quarter ́s total US sales in Q1 2008 yen.
On the basis of the information provided, select from each of the drop-down menus the option that created the most accurate statement.
Q1 2008 yen-equivalent sales were highest in of 2009.
Q1 2008 yen-equivalent sales for Q4 2009 were Q1 2008 yen-equivalent sales for Q4 2008.
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Dropdown 1: Q4
Dropdown 2: greater than
19 Apr 2024, 19:50
Kudos
Bookmarks
We are given two components in the graph:-
a) Column gives the sales in US $ every quarter.
b) The line gives the % change in value of US$ against yen value in Q1 2008.
Therefore, if we have to find the actual sales relative to Q1 2008, we will have to multiply sales by the change in value of dollars. For example if sales have increased from 1 million $ to 2 million dollars but one dollar now is 2x, where one dollar was x number of yens in Q1 2008, then the actual sales as compared to teh value in Q 1 2008 will be 2 million *2x/x or 4 million dollars.
If one has understood the above, the question are very straightforward.
Highest sales in 2009 under given circumstances: Thr value of dollar in terms of yen is highest in Q4 2009 and the column in that quarter is second highest. Therefore, let us compare Thai with highest column, which is in Q2.
Q2 2009: 25million dollars * 1.12yen-equivalent = 28 million yen(Q1 yen-equivalent)
Q4 2009: 24million dollars * 1.17yen-equivalent = 28.08 million yen(Q1 yen-equivalent)
Answer: Q4 2009
Comparison: Q4 2009 vs Q4 2008
Q4 2009: 24million dollars * 1.17yen-equivalent
Q4 2008: 24million dollars * 1.10yen-equivalent
Height of sales is same as 24, but US dollar has a higher value, so Q 4 2009 will be higher.
Answer Q4 2009 GREATER THAN Q4 2008
a) Column gives the sales in US $ every quarter.
b) The line gives the % change in value of US$ against yen value in Q1 2008.
Therefore, if we have to find the actual sales relative to Q1 2008, we will have to multiply sales by the change in value of dollars. For example if sales have increased from 1 million $ to 2 million dollars but one dollar now is 2x, where one dollar was x number of yens in Q1 2008, then the actual sales as compared to teh value in Q 1 2008 will be 2 million *2x/x or 4 million dollars.
If one has understood the above, the question are very straightforward.
Highest sales in 2009 under given circumstances: Thr value of dollar in terms of yen is highest in Q4 2009 and the column in that quarter is second highest. Therefore, let us compare Thai with highest column, which is in Q2.
Q2 2009: 25million dollars * 1.12yen-equivalent = 28 million yen(Q1 yen-equivalent)
Q4 2009: 24million dollars * 1.17yen-equivalent = 28.08 million yen(Q1 yen-equivalent)
Answer: Q4 2009
Comparison: Q4 2009 vs Q4 2008
Q4 2009: 24million dollars * 1.17yen-equivalent
Q4 2008: 24million dollars * 1.10yen-equivalent
Height of sales is same as 24, but US dollar has a higher value, so Q 4 2009 will be higher.
Answer Q4 2009 GREATER THAN Q4 2008
18 Mar 2025, 22:20
Kudos
Bookmarks
ruis
The context of the data is a bit complicated but the graph as well as the questions are fairly straightforward. Think of a Japanese company operating in US. They will earn revenue in $ but the value of $ value of yen changes. So to understand what they earned in terms of yen, they will need to convert their dollar revenue to yen.
Y axis (left side) gives quarterly sale in million dollars i.e. $22 million, $23 million etc - simple enough. Ignore million in our solution.
Y axis (right side) gives Change in value of $ relative to its value in 'Q1 2008' i.e. the first data point on X axis. So percent change in Q1 2008 will be 0 since that is the base. In Q2 2008, the value of dollar increases by 1%, in Q3 2008 it reduces by 2% (relative to the Q1 2008 value of dollar).
Let's say Q1 2008 dollar value = 100 yen. Then in Q2, value of dollar is 101 yen, in Q3 it is 98 yen etc.
"Q1 2008 yen-equivalent sales" for any quarter will then be (dollar sale for that quarter) * Value of dollar in yen.
Q1 2008 yen-equivalent sales were highest in _______ of 2009.
Compare Q1 and Q4 of 2009.
Q1 2009 = 25 * 112 = 2800 yen
Q4 2009 = 24 * 117 = 2808 yen
For other quarters, dollar sales and change in dollar value is less than these in Q4 so ignore.
Select Q4
Q1 2008 yen-equivalent sales for Q4 2009 were _______ Q1 2008 yen-equivalent sales for Q4 2008.
Compare Q4 2009 and Q4 of 2008. They both have the same dollar sales (bar heights are same) but dollar value increased more in 2009. So yen equivalent sales will be higher in Q4 2009.
Select greater than
