1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
never [62]
1 year ago
10

on june 19, a u.s. company sold and delivered merchandise on a 30-day account to a german corporation for 190,000 euros. on july

19, the german company paid the u.s. company in full. relevant currency rates were: june 19 july 19 spot rate $1.201 $1.200 30-day forward rate 1.210 1.217 what amount should the u.s. company record on june 19 as an account receivable for its sale to the german company?
Business
1 answer:
Lesechka [4]1 year ago
8 0

On June 19 the accounts receivable should be recorded at the spot rate: $228,190 ($190,000 Euros * $1.201), which is the rate at which the Euro and the US Dollar were being exchanged at the time.

Many US-based enterprises sell goods to companies abroad. Depending on the discussions and the circumstances surrounding the sale, these sales may be made in US dollars or in another currency. If the sale is made in a foreign currency, the US-based company will be responsible for any fluctuations in the exchange rate from the time the sale and receivable are recorded until the time the foreign currency is paid for the related foreign currency-related receivable.

The accounts receivable should be recorded (converted from Euros to US Dollars) at the spot rate on June 19: 190,000 Euros * $1.201, which is the exchange rate at that time between the Euro and the US Dollar, equals $228,190.

To learn more about Accounts Receivables, refer to this link:

brainly.com/question/14032135

#SPJ4

You might be interested in
Inflation is undesirable because it: Multiple Choice always makes the nation poorer. redistributes income from those who can rai
Firlakuza [10]

Inflation is undesirable because it redistributes income from those who can raise prices to those who cannot.

<h3>What is inflation?</h3>
  • In the field of economics, inflation refers to an overall rise in the cost of goods and services throughout a nation.
  • Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.
  • A general increase in prices over time diminishes customers' purchasing power because a constant quantity of money will eventually allow for less consumption.
  • Whether inflation is running at 2% or 4%, consumers still lose purchasing power; the higher inflation rate only doubles that loss.
  • Those interest rates that are fixed for the duration of the loan, won't fluctuate in line with inflation.

To learn more about Inflation refer to:

brainly.com/question/15692461

#SPJ4

8 0
2 years ago
Taobao has been placed on the U.S. trade representative offices blacklist of “notorious marketplaces” due to the websites sale o
Gemiola [76]

Answer:

The answer is: letter a, To protect national security.

Explanation:

This incident occurred in <em>2016.</em> Taobao is one of the online shopping websites owned by "Alibaba Group." It was placed on the blacklist by the U.S. because of selling<em> "counterfeit goods."</em> However, it was removed from the blacklist in 2012, since it showed efforts in combating piracy.

One reason for putting Taobao in the blacklist is to protect national security. This is the responsibility of the government to the nation when it feels threatened by anything harmful. The pirated goods were considered a threat to the nation. It can also result to financial loss to the owners due to stolen intellectual properties.

Thus, this explains the answer.

3 0
3 years ago
The balance of Chiaki's average balance checking account at the beginning of the last cycle was $100, and the only transaction f
Ne4ueva [31]
The correct answer is $90
3 0
3 years ago
Read 2 more answers
What job did drivers perform on large southern plantations?
Elan Coil [88]
The occupation did drivers perform on vast southern ranches since they managed the work of slaves. On the off chance that slaves did not take after requests, they likewise rebuffed the slaves.

I hope the answer will help you. 
4 0
3 years ago
During 2018, businesses may elect to immediately expense up to $__________ of qualified real property placed in service that yea
alex41 [277]

Answer:

$1 million

Explanation:

Section 179 deduction of the IRS code was enacted to help small business owners take depreciation deductions for certain assets ( capital expenditure I.e. the money spent on acquiring and maintaining fixed assets such as buildings and equipments ) in one year rather than continuous depreciation over a long period of time.

The new law increased the maximum deduction from $500,000 to $1 million.

For example: lets say you buy a computer for your office, under section 179 you can deduct the full cost of your computer in one year. This a very okay because the life span of your computer is short

5 0
3 years ago
Other questions:
  • Should Andrew Jackson be<br>removed from the $20 Bill?<br><br>​
    6·2 answers
  • When defining the issue for which a decision has to be made, framing the issue in a positive way _____. a. Allows everyone to fe
    12·2 answers
  • When either prices go down or income goes up, there is an increase in which
    10·2 answers
  • You find that you have significatantly overcharged one of your clients. The error was discoverd by you when you recieved payment
    14·1 answer
  • Loren and Kendra enter into a contract for the distribution of Loren’s produce to local restaurants for which he agrees to pay K
    9·1 answer
  • The maturity date of a note receivable: Multiple Choice
    7·1 answer
  • Your company has been running several small applications in Oracle Cloud Infrastructure and is planning a proof-of-concept (POC)
    10·1 answer
  • If there are 3 spots on an employment application to list references, how many references do you need to list?
    6·1 answer
  • Which of the following is not a characteristic of advances in order pick technology
    13·1 answer
  • Your supervisor constantly gets on you for things that you feel aren't your fault. Every other day , they approach you about wor
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!