Highlights
Scenario:
Fitness for Life (a fictitious Canadian corporation) was founded in Calgary by Mark Semchuk and
Madeline MacIntosh.
The company provides specialized private fitness and nutrition sessions for clients who are
experiencing a decline in mobility due to illness, injury, obesity, and other conditions.
Currently the company has one fully-equipped location in northwest Calgary and is considering
expansion to include another location in a southeast location of the city. Expansion would
include borrowing money from a bank.
Three Situations:
a) A decision by the Canadian government that includes a higher corporate taxation rate
b) A decision by the Canadian government through the Bank of Canada to lower the
interest rate.
c) A decision by the Canadian government to provide payment for health programs
specifically related to Fitness for Life’s main services.
Part 3 International Currencies (5 marks)
1. In the SAME Word file, insert a page break after your “Economic Changes” section.
2. The purpose of this part is to give you some experience of how you would report an expense
report that requires exchange rate conversions.
3. Create a title, “International Currencies”
4. In the Use the file on D2L named International Currencies to complete the following information.
5. Your manager has returned from a business trip to New York City, Dublin, London, Paris,
Frankfurt, and Tokyo. For each location:
a. Name the country of business & the local currency
b. Convert the expenses for each city to Canadian dollars.
d. Make sure you round your answers appropriately.
e. USE EXCEL or a calculator to double check your work – because I will.
5. Copy and paste this table into your Word document.
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