Answer:
The Foreign exchange gain is $10,000.
Explanation:
The amount of gain that should be reported as the foreign exchange loss is the excess of dollar equivalent over reported local currency units (LUCs), so the Foreign exchange gain is calculated as follows:
Foreign exchange gain = dollar equivalent - local currency units
= $120,000 - $110,000
= $10,000
Therefore, The Foreign exchange gain is $10,000.
Answer:
Every Business Unit in Costco needs to have access to the Data
Explanation:
Costco Wholesale Company runs a network of customers-only retail stores, doing business as Costco, an American multinational company.
The details must be available to each business unit in Costco.
For example, The accounting department needs to know the buy-and-sell information. To order to make good use of this commodity in its marketing strategy, the marketing professionals need to learn the quality of a particular product.
To insure the inventory management is completed, an operations manager must have access to the data.
Answer:
The correct statement lies in option C.
Monopolies negatively affect consumers.
Explanation:
- The statement that best captures the economic message of the cartoon is that monopolies negatively affect consumers.
- When a specific enterprise or person is the only supplier in the market, it is called monopoly.
- Monopoly can result to higher prices of the good, also known as price taker as there is no other enterprise which can supply the same good.
- Here, Santa Claus is the monopoly as he is the only supplier of gifts in Christmas so he gets sloppy and result in low output in his work.
Answer:
Unfair Claims Settlement Practices Act
Explanation:
Here fundamentally, the act which will be acted on the given sentence is generally known as Unfair Claims Settlement Practices Act. Unfair claims practice is the inappropriate restraint of a request by an insurer or an endeavor to diminish the intensity of the claim. By interlacing in unfair claims practices, an insurer strives to diminish its values. Nevertheless, this is unlawful in various jurisdictions. Additionally, most maximum states possess formulated a version of this type of rule. Denominated essentially the Unfair Claims Settlement Practices Act, it defends safeguard consumers from the unfair manner by insurers in the appeals settlement method.
Answer: c. $1.994
Explanation:
Cost per Equivalent Unit of Production (EUP) for Conversion = Total Conversion costs/ EUP
Total Conversion cost
= Conversion cost for beginning work in process inventory + Conversion cost incurred in the month
= 7,840 + 203,300
= $211,140
EUP = Units completed + Percentage of ending Units completed with regards to conversion
= 92,900 + (90% * 14,450)
= 105,905 units
Cost per Equivalent Unit of Production (EUP) for Conversion = 211,140 / 105,905
= $1.9936
= $1.994
