Answer: Increase / Gain of $36,000
Explanation:
Remeasurement loss, which arises from conversions of the various currencies used by the company to a functional currency, goes to the Income statement and is subtracted from the Net income.
Translation gains on the other hand, are added to the Other Comprehensive income.
The other comprehensive income will therefore increase by the translation gain of $36,000.
Answer:
The expected value of the investment is $3,100
Explanation:
In order to calculate the expected value of the investment we would have to make the following calculation:
The expected value is the summation of the (event * probability of happening that event).
Therefore, The expected value of the investment = ($5,000*0.20) + ($3,000* 0.50) + ($,2000* 0.30)
The expected value of the investment = $1,000 + $1,500 + 600
The expected value of the investment= $3,100
The expected value of the investment is $3,100
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Answer:
3.52 times
Explanation:
Given that,
Sales = $348,000
Beginning net Accounts Receivable = $89,000
Ending net Accounts Receivable = $109,000
Average accounts receivable:
= (Beginning net Accounts Receivable + Ending net Accounts Receivable) ÷ 2
= ($89,000 + $109,000) ÷ 2
= $198,000 ÷ 2
= $99,000
Accounts Receivable turnover:
= Sales ÷ Average accounts receivable
= $348,000 ÷ $99,000
= 3.52 times
