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3 years ago

Which of the following indicates that the functional currency of a foreign subsidiary is the US dollar? Group of answer choices

Business

1 answer:

andrey2020 [161]3 years ago

6 0

Answer:

C) Sales markets of the foreign entity are primarily in foreign countries.

Explanation:

The US dollar is the most commonly used currency in the world, and most of foreign trade is carried out using the US dollar. If the foreign entity sells most of its production overseas (exports) then they will use the US dollar as their functional currency since all their exports will be valued in US dollars.

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Sanchez Company's output for the current period was assigned a $419,000 standard direct labor cost. The direct labor variances i

skad [1K]

Answer:

the actual total direct labor cost for the current period is $425,285

Explanation:

Reconciling Standard Cost to Actual Cost

Standard Cost $419,000

Add Unfavorable direct labor rate variance $10,475

Less Favorable direct labor efficiency variance ($4,190)

Actual Cost $425,285

3 0

3 years ago

For 2021, Rahal's Auto Parts estimates bad debt expense at 1% of credit sales. The company reported accounts receivable and an a

ziro4ka [17]

Answer:

$3,860

Explanation:

The balance in the account Allowance for Doubtful Accounts is expected to be the projected amount in receivables of the company that will not be converting to cash.

Therefore to calculate final balance of allowance for doubtful balance

Beginning balance 2700

Bad debt expense (410000*1%) 4100

Less: Written off -2940

Ending balance 3860

So answer is $3,860

4 0

2 years ago

Suppose the demand function (D) for golf clubs is: Qequals150minus1.00P, where P is the price paid by consumers in dollars pe

nadya68 [22]

Answer:

P = $75 per club

n= 75,000 clubs

Explanation:

The demand and supply functions are:

$(D): Q=150-1.00P\\(S): Q=1.00P\\$

The equilibrium price is the price that yields a quantity demanded equal to the quantity supplied:

$150-1.00P=1.00P\\P=\frac{150}{2}\\P=\$75$

The number of units sold at that price is:

$n=1,000*(1.00*75)\\n=75,000\ units$

8 0

2 years ago

Wesimann Co. issued 12-year bonds a year ago at a coupon rate of 7.2 percent. The bonds make semiannual payments and have a par

strojnjashka [21]

Answer:

$1,138.92

Explanation:

Current bond price can be calculated present value (PV) of cash flows formula below:

Current price or PV of bond = C{[1 - (1 + i)^-n] ÷ i} + {M × (1 + i)^-n} ...... (1)

Where:

Face value = $1,000

r = coupon rate = 7.2% annually = (7.2% ÷ 2) semiannually = 3.6% semiannually

C = Amount of semiannual interest payment = Face value × r

C = $1,000 × 3.6% = $36

n = number of payment periods remaining = (12 - 1) × 2 = 22

i = YTM = 5.5% annually = (5.5% ÷ 2) semiannually = 2.75% semiannually = 0.0275 semiannually

M = value at maturity = face value = $1,000

Substituting the values into equation (1), we have:

PV of bond = 36{[1 - (1 + 0.0275)^-22] ÷ 0.0275} + {1,000 × (1 + 0.0275)^-22}

PV of bond = $1,138.92.

Therefore, the current bond price is $1,138.92.

4 0

2 years ago

Understanding the _____ begins with analysis of market share.

Nana76 [90]

Understanding the trend begins with analysis of market share. Trend analysis plays an very important part in market share analysis. With the help of trend analysis, one can have the idea, if the market is going to be bullish or bearish.

3 0

2 years ago