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svp [43]
3 years ago
5

Fred, a department manager, is attending the monthly budget planning meeting, where all the department managers report on their

current status. both before and after his own presentation, he sits forward in his chair and makes eye contact with all the other managers as they present. he asks questions and nods his head after their responses. he is exhibiting the ________ style of listening.
Business
1 answer:
Llana [10]3 years ago
3 0
The answer to this question is active style of listening
active style of listening involves direct focus and attention to whoever your communication partner is.
Nodding his hands appropirately after a certain response could be used as an indicator because it indicates that fred making a conscious effort to listen to the communication partner.
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Board Company has a foreign subsidiary that began operations at the start of 2017 with assets of 155,000 kites (the local curren
vovikov84 [41]

Answer:

a. The Board would report translation adjustment of <u>-$3,138</u>.

b. See the journal entries and explanation below.

c. Net translation adjustment is <u>-$1,138.</u>

Explanation:

a. Assume that the kite is this subsidiary's functional currency. What translation adjustment would Board report for the year 2017?

Note: See the attached file for the calculation of translation adjustment.

The board would report a negative (debit) translation adjustment of $3,138. That is,

Translation adjustment = -$3,138

b. Assume that on October 1,2017, Board entered into a forward exchange contract to hedge the net investment in this subsidiary. On that date, Board agreed to sell 200,000 kites in three months at a forward exchange rate of $0.76/1 kite. Prepare the journal entries required by this forward contract.

Board Company

Journal Entries

<u>Date            Account titles and Explanation         Debit ($)        Credit ($)  </u>

<u>01 Oct 17     (</u><em><u>No entry) </u></em><u>                                                                                    </u>

12 Dec 17     Forward contract                                   2,000

                     Translation adjustment (positive) (w.1)                    2,000

<em><u>              (To record forward contract change in the value to adjust translation adjustment.) </u></em><u>    </u>

12 Dec 17       Foreign currency (kites) (w.2)           152,000

                        Cash                                                                       152,000

<em><u>                       (To record 200,000 kites purchased at the spot rate of $0.76) </u></em>

12 Dec 17       Cash                                                  154,000

                         Foreign Currency (kites)                                      152,000

                         Forward contract                                                     2,000

<em><u>                          (To record 200,000 kites delivered, $154,000 received, and close the forward contract account.) </u></em>

Workings:

w.1: Translation adjustment = Number of kites agreed to sell in three months * (Agreed exchange rate on October 1, 2017 per kite - Exchange rate on December 1, 2017) = 200,000 * (0.76 - 0.75) = $2,000

w.2: Foreign Currency (kites) = Number of kites agreed to sell in three months * Agreed exchange rate on October 1, 2017 per kite = 200,000 * 0.76 = $152,000

c. Compute the net translation adjustment for Board to report in Accumulated Other Comprehensive Income for the year 2017 under this second set of circumstances.

This can be calculated as follows:

Net translation adjustment = Negative translation adjustment in part a + Positive translation adjustment in part b (i.e. w.1) = -$3,138 + 2,000 = -$1,138

Therefore, net translation adjustment is <u>-$1,138.</u>

Download xlsx
8 0
3 years ago
How do natural resources and geography relate to economic growth for a country?
Archy [21]

Answer:

Limited natural resources such as infertile land and lack of coastal access can limit economic growth for a country.

Explanation:

Natural resources are a source of wealth for the country.  Mineral such oil and precious stones have made nations wealthy.

Land is a factor of production. Lack of fertile lands will make a nation dependent on imports for its food security.  Access to coastal areas facilitates cheaper and fast international trade. Landlocked countries use harbor of other nations for global business. Goods and services from landlocked counties may be more expensive as a result of high transport costs.

4 0
3 years ago
Read 2 more answers
What type of a goal is graduating from college in four years?
eimsori [14]

Answer:

Explanation:

Any goal it's your opinion to be a successful person. Just never give then you will get it.

8 0
3 years ago
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Explain the difference between a credit and a debit cards; weighing the pros and cons of both.
Katena32 [7]
Credit cards allow you to buy goods and services with credit and if you go over the credit limit you’ll be charged an overdraft fee but with debit cards you can connect the money you earn from your job to the card and spin the money on the card but when the money is gone you have to wait till next paycheck to spend more but they will not be an overdraft fee also credit cards can affect your ability to be approved for loans and pay house mortgages if your credit score is bad meaning you don’t have a good history of paying your bills on time it will make it hard for you to apply for car loans in house mortgages
7 0
2 years ago
An accord is an agreement by the parties to offer and accept some performance different from that originally bargained for. the
Tema [17]
The answer is satisfaction. It is the legal consideration which binds the parties to the settlement. A valid accord does not discharge the prior contract; instead, it appends the right to enforce it in accordance with the terms of the accord contract, in which satisfaction. The performance of the contract will discharge both contracts. If the creditor breaches the accord, then the debtor will be able to bring up the existence of the accord in order to enjoin any action against him.
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3 years ago
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