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bixtya [17]
3 years ago
15

Anyone want to help?

Business
1 answer:
beks73 [17]3 years ago
7 0
The answer is 5 hope I helped u
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On April 1, Quality Corporation, a U.S. company, expects to sell merchandise to a French customer in three months, denominating
KengaRu [80]

Answer:

The correct answer is option (d) $8,000 Discount Expense plus a $20,000 positive Adjustment to Net Income when the merchandise is delivered.

Explanation:

Solution

Given that:

Spot rate:

1 euro = $1.41

Now,

Converting 400,000 euros into dollars gives us the following

400,000*1.41 =$564,000

Thys,

Contract rate,

=1 euro = $1.36

So,

Converting 400,000 euros into dollars gives us

400,000*1.36 = $544,000.00

Hence,

The increase  in net income =$564,000- $544,000

=$20,000

8 0
3 years ago
Genuine spice inc. began operations on january 1 of the current year. the company produces 8-ounce bottles of hand and body loti
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1 year ago
n May 1, 2009 Giltus Advertising Company received $1,500 from Julie Bee for advertising services to be completed April 30, 2010.
Alenkinab [10]

Answer:

c. A credit to Earned Fees for $1,000.

Explanation:

As for the information provided, we know

Unearned income is an income account, and therefore, will be credited at the time of recording.

Further, it is told that as on 31 December, 2009 out of the total unearned income of $1,500, $1,000 is earned.

Since it is earned it has to be accounted in current year, for this earned income will be credited and unearned income will be reversed for the amount of earned income that is for $1,000.

8 0
3 years ago
A recent gallup study reported that firms with top engagement scores had _____ higher productivity.
Gnesinka [82]
A recent Gallup study reported that firms with top engagement scores had 18% higher productivity. 
Gallup is a company that does market research, and this was one of their latest ones in order to see whether people who engage in their work more actually produce more.
8 0
3 years ago
Chestelle Corporation, a sports equipment manufacturing company, borrows a considerable sum of money as loan from GRJ Bank, a pr
Ymorist [56]

Answer:

Long term liability

Explanation:

Long term liability is defined as the amount of money a business owes that is due above a year. It is liabilities that do not affect the current liquidity of the business and its ability to do business.

In this scenario Chestelle Corporation has borrowed a large amount of money that is due in 4 years. It is due in over a year so it is a long term liability.

Long term liabilities are usually used to purchase capital assets or to make long term investment

3 0
3 years ago
Read 2 more answers
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