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Alexxx [7]
4 years ago
8

Mint Corporation has several transactions with foreign entities. Each transaction is denominated in the local currency unit of t

he country in which the foreign entity is located. On November 2, 20X8, Mint sold confectionary items to a foreign company at a price of LCU 23,000 when the direct exchange rate was 1 LCU = $1.08. The account has not been settled as of December 31, 20X8, when the exchange rate has increased to 1 LCU = $1.10. The foreign exchange gain or loss on Mint's records at year-end for this transaction will be:
A. $460 lossB. $387 lossC. $387 gainD. $460 gain
Business
1 answer:
skad [1K]4 years ago
7 0

Answer:A$460 loss

Explanation:

The value of the $ compare to LCU has fallen by $0.02 ( 1.08 to $1.10)

multiply by LCU $23000

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Assume you are buying insurance for your home. Your agent tells you that the pure premium is $300 and that the insurance company
Svetradugi [14.3K]

Answer:

$ 315

Explanation:

Given that

Pure premium = $300

Insurance company charges = 5%

Thus,

Amount of insurance company changes = 300 × 5%

= 300 × 0.05

= $15

Therefore,

Total premium = pure premium + insurance company charges

= 300 + 15

= $ 315

Note that: Premium is simply the amount to be paid regularly to an insurance company for an insurance policy. It is the money paid periodically by the insured to the insurer.

6 0
4 years ago
Robin is a human resource manager at Techtronic, a software company. She receives a call from an HR manager at another software
Firdavs [7]

Megan could accuse Techtronic of engaging in <u>d. defamation</u>.

<u>Explanation</u>:

Defamation means causing damage to the good reputation of someone. Making of false or offensive statement about an individual’s behavior or character leaves a bad impression about the individual.

Defamation may be oral or published.

In the above scenario, there was no evidence against Megan regarding racial discrimination. Robin shared the details about Megan with the caller without knowing the situation correctly. This caused defamation of Megan which may lead him to refrain from hiring in the new company.

5 0
3 years ago
Read 2 more answers
When getting a haircut, the customer not only is present, but also may participate in the service process. this is an example th
Olenka [21]

Answer: Inseperable

Explanation:

A haircut is a form of service offered to a customer, in which the customer and the barber must be present for the service to take place. This implies that in most cases services production and consumption cannot be seperated, because in most cases services cannot be stored.

7 0
3 years ago
Read 2 more answers
Mueller Company estimates that it is unlikely that a particular executive will achieve a specific performance target. Mueller al
Nastasia [14]

Answer:

Reverse the related expense.

Explanation:

In this scenario Muller has already realised the compensation expense for achievement of the particular target. In accrual accounting only the expenses that we have already incurred or are certainly going to incur will be recognised and recorded.

Muller has concluded that the executive will not meet the target and therefore will not the eligible for the compensation. Muller should reverse the related expense as it is unlikely it will incur it.

5 0
3 years ago
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Hanson Aquatics manufactures navigational equipment. As a new Hanson employee, Lyndon Kiely was told that even if he decides not
nataly862011 [7]

If he must pay the dues. Hanson has a(n) <u>agency </u>shop.

<h3>What is agency shop?</h3>

An agency shop  can be defined as a shop in which the employer may decide to recruit a person that is member of the union or a person that is not part of the union.

In this agency shop it is not mandatory for an employee which not member of the union to join the union but the employee must always pay the dues.


Therefore  Hanson has a(n) <u>agency </u>shop.

Learn more about agency shop here:brainly.com/question/1285850

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7 0
2 years ago
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