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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Answer: Something to exchange.
Explanation:
A very important aspect of marketing is the goods/service being consumed by the buyer. The buyers in exchange for the goods/services rendered to them pays money.
Complete question:
Which of the following would usually be found on a job cost sheet under a normal cost system?
Actual direct material cost Actual manufacturing overhead
A) YES YES
B) YES NO
C) NO YES
D) NO NO
A) Choice A
B) Choice B
C) Choice C
D) Choice D
Answer:
B) Choice B (YES, NO)
Explanation:
In a job cost sheet, under a normal cost system, only the actual direct material cost can be found on the job cost sheet. The actual manufacturing overhead cost is usually not found on the job cost sheet under a normal cost system.
Thus we have:
Actual direct material cost-------- YES
Actual manufacturing overhead----------- NO
Correct option is option B (Yes, No)
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propertyIsEnumerable() The propertyIsEnumerable() method returns a Boolean telling if the specific property is enumerable and is the object's own property.
Enumerable properties are those with an internal enumerable flag set to true, which is the default for properties created through simple assignment or a property initializer. Object-defined properties, such as defineProperty, are not enumerable by default.
We must use the Object. defineProperty() method to create a non-enumerable property. This is a special method for creating objects with non-enumerable properties.
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