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3 years ago

When the dollar appreciates relative to foreign currencies, it means that:?

1 answer:

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When the dollar appreciates relative to foreign currency means that the exchange rate will favor the dollar and cause a decrease in the the price of imported goods. It also means that travel abroad from the U.S. to the relative countries will increase due to lowered costs.

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Top Sound International designs and sells high-end stereo equipment for auto and home use. Engineers notified management in Dece

Strike441 [17]

Answer:Yes it should be reported.

$2.8 million should be reported in the the balance sheet as a liability.

Explanation: Contingent liabilities are liabilities that depend on the outcome of an event that may likely not occur.

Before they can be reported in financial statement, it must be able to estimate the value of such contingent liability and the liability must have a higher than 50% possiblity of being achieved.

If the value can be estimated, then the liability has a higher chance of being realised.

Qualifying contingent liabilities such as the $2.8 million estimated by Top Sound International should be recorded in the income statement as an expense and a liability on the balance sheet.

Therefore the $2.8 million liability should be reported in its 2018 balance sheet

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3 years ago

The office building Donna owned and used for her desk-top publishing business was destroyed by a hurricane. Although the basis o

Anna35 [415]

Answer:

Donna made a realized gain of 8,000 dollars

the basis for the building now will be of 152,000 dollars

Explanation:

realized gain:

insurance proceeds less replacement cost:

160,000 - 152,000 = 8,000

the basis (value of the new office building for tax purposes) will be the 152,000 which is the cost of the office building

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3 years ago

In 2018, preferred shareholders elected to convert 4.58 million shares of preferred stock ($39 million book value) into common s

In-s [12.5K]

Answer:

The answer is given below;

Explanation:

Preferred Stock Dr.$39,000,000

Common Stock Cr.$33,000,000

Paid in capital in excess of par-Common stock (39,000,000-33,000,000) Cr.$6,000,000

As the book value of preferred stock is greater than the price paid at the time of conversion into common stock,therefore excess amount is paid in capital in excess of par for common stocks.As the preferred stock is reduced by their book value,therefore it is debited and common stock is credited with its cost.

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3 years ago

How far is the sun to the earth

Gwar [14]

Answer:

The Sun is 91.452 million miles away from Earth.

Explanation:

Hope it helped!

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3 years ago

Read 2 more answers

What were the impacts of the fur trade on society in terms of economics, culture, technology, nature, and the government? Did Ro

Oksi-84 [34.3K]

Answer:

The impacts of the fur trade on society in terms of economics, culture, technology, nature, and the government changed over the time.

Rockefeller never act unethically by the standards of his day or today´s.

There is nocontradiction between his personal and business ethics.

Explanation:

The fur trade was a vast commercial enterprise, which was at its peak for nearly 250 years, from the early 17th to the mid-19th centuries, sustained to satisfy the demand in an intensely competitive trade which opened exploration and settlement, financing missionary work, established social, economic and colonial relationships between Europeans and Indigenous people.

Changing cultural in the fashion industry, has had a drastic evolution over the years, when a woman in the first half of the twentieth century , might be very proud to wear a fox stole with its head and feet intact but today, it would consider that an ethical faux pas.

Ethics has become a major consideration for young people in their selection of work and career, who demand enshrined values in their business model, a difference, contributing with their core values, conscience, and personality not just profit.By the standards of his day Rockefeller, a faithful, balanced and devout Christian, was not being unethical as he always followed his-time regulations and laws, although nowadays they are more severe. He compensated all the things he did, if wrong, with his contributions to help people cope with any damage done. There is no contradiction behe did as he had been taught when he was younger that he should separate business from pleasure.

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3 years ago