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.
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Example of a producer can be regarded as someone owning a book store .
<h3>Who is a producer?</h3>
A producer can be regarded as a manufacturer of a particular product or service.
Therefore, in the case above, a producer serves as the one that own the shop, however he can decide to distribute his products to retailer.
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From the details that are contained in the question, the portfolio standard deviation is 0.0544 or 5.44%
<h3>How to solve for the portfolio standard deviation</h3>
w1 = weight of euros 1 = 500000/800000
w2 = weight of canadian dollars = 300000/800000
Standard deviation 1 = 8%
Standard deviation 2 = 3%
Correlation coefficient = 0.30
(w1*σ1)² + (w2*σ2)² + (2* w1*σ1* w2*σ2 * 0.30)^0.5
Therefore the portfolio standard deviation is given as 0.0544 or 5.44%
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Answer:
Kindly see attached organized table for clarity.
Item cash Net income
a Purchase of Supplies of cash -$133 -
b Adjusting entry for use of supplies - -$31
c Made sales on account - $1,297
d Received cash from customer on acct $865 -
e Purchased equipment for cash -$2,528 -
f Depreciation of building to be recorded - -$610