Last year leather boot, inc. had investments in paris worth 500,000 euros. at that time, the euro was worth $1.20. today the euro is trading for $1.30. what is the gain or loss in value of the inventory expressed in dollars and in euros?

Gain in USD = 50000

Gain or Loss in EUR = 0

Explanation:

given data

investments = 500,000 euros

before euro = $1.20

now euro = $1.30

to find out

gain or loss in value of the inventory expressed in dollars and in euros

solution

we get Gain or Loss in USD = Euro amount × current exchange rate - Euro amount × old exchange rate     1

put here value

Gain or Loss in USD = 500000 × 1.30 - 500000 × 1.20

gain = 50000

and

Gain or Loss in EUR = current euro amount - old euro amount     2

put here value we get

Gain or Loss in EUR = 500000 - 500000 = 0

it established new limitations on use and disclosure for marketing purposes, prohibited selling medical information, expanded individuals’ rights to accessing their own information, and to obtain restrictions from certain disclosures of protected heath information to health plans.