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STatiana [176]
3 years ago
8

On September 3, 20X8, Jackson Corporation purchases goods for a U.S. dollar equivalent of $17,000 from a Swiss company. The tran

saction is denominated in Swiss francs (SFr). The payment is made on October 10. The exchange rates were: September 3: 1 Swiss franc = $0.85 October 10: 1 Swiss franc = 0.90 What entry is required to revalue foreign currency payable to U.S. dollar equivalent value on October 10?

Business
1 answer:
AfilCa [17]3 years ago
4 0

Answer:

Foreign currency transaction loss : $1000

Account payable : $1000

Explanation:

You might be interested in
A study of over 12,000 employees found that ________ had engaged in such workplace misbehaviors as goldbricking, sick time abuse
Nezavi [6.7K]

Answer:

90%

Explanation:

According to the study of over 12,000 employees, it is found that 90% has engaged in the workplace with respect to the misbehaviors in terms of goldbricking, sick time abuses, or fraud at lease one time

here goldbricking means working less as your capability as they are more focused to do a personal task

So the correct answer is 90%

6 0
3 years ago
To compete in the automobile​ market, Tesla must make many strategic decisions such as whether to introduce a new car​ model, ho
bagirrra123 [75]

Answer:

Explained

Explanation:

At​ Tesla's Fremont, California​ plant, managers must decide on the monthly production quantities of their S and X models. In making this​ decision, the managers must face a trade-off, because producing more of one model means producing less of the other. So, there need to an optimum balance between production of model S and X and too will depend upon the demand in the market once, the variants are launched.

6 0
3 years ago
Duke Company has net fixed assets of $400,000, short-term liabilities of $30,000, long-term liabilities of $20,000, common stock
ycow [4]

Answer:

option (b) 20

Explanation:

Data provided in the question:

Net fixed assets = $400,000

Short-term liabilities = $30,000

Long-term liabilities = $20,000

Common stockholders' equity = $90,000

Total stockholders' equity = $100,000

Now,

Ratio of fixed assets to long term liabilities

= Net Fixed assets ÷ Long term liabilities

or

= $400,000 ÷ $20,000

= 20

Hence,

The correct answer is option (b) 20

3 0
3 years ago
Why is there no competition in a monopoly?
barxatty [35]
A) there are no close substitutes

Explanation:

A monopoly results when there is a single provider of a particular good or service. Since they’re the only company providing that good or service, the consumer must conduct their business with that specific provider. For example, imagine that Walmart is the only store you can buy food from. Walmart would dominate the entire supply market as it would be the only store from which you can buy your food.
7 0
3 years ago
Read 2 more answers
Which questions about risk should someone ask before making a big purchase? Check all that apply.
IceJOKER [234]

Answer:

A

Explanation:

If you need buy it, if it's a want not a need don't buy it

6 0
3 years ago
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