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Chief Executive

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AVG. SALARY

$146,330

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EDUCATION

Bachelor's degree or higher +

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JOB OUTLOOK

Decreasing

Real-Life Activities

Real-Life Math

You are the CEO of a company that makes clothes. The head office is in the U.S., but it also has offices in the Philippines, India and Great Britain. When you look at the profit and loss statements from each of these countries, you have to convert the money into U.S. dollars.

"CEOs have to know how to read financial statements, balance sheets and income statements," says Lisa Collins. Collins is an executive educator in Wisconsin. "They have to look at profit and loss statements, and be able to say, 'Oh my gosh, we are losing a lot of money. How can I turn this company around?'"

Value in U.S. dollars:
1 Philippine Peso = $0.03 US
1 Indian Rupee = $0.02 US
1 British Pound = $1.61 US

The company in the Philippines made 3,780,000 pesos. The company in India made 4,000,000 rupees, and the company in Great Britain made 45,000 pounds. Which company made the largest profit in U.S. dollars?

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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.