1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Neko [114]
3 years ago
13

Honk, Inc. a U.S. corporation, purchases weight-lifting equipment for resale from HiDisu, a Japanese corporation, for 60 million

yen. On the date of purchase, 110 yen is equal to $1 U.S. (¥110:$1). The purchase is made on December 15, 2018, with payment due in 90 days. Honk is a calendar year taxpayer. On December 31, 2018, the foreign exchange rate is ¥112:$1. On February 2, 2019, the invoice is paid when the exchange rate is ¥115:$1. What amount of foreign currency gain or loss, if any, mus
Business
1 answer:
Natali [406]3 years ago
3 0

Answer:

2018 Foreign currency gain $9,740.26 million

2019 Foreign currency gain $13,975.16 million

Explanation:

Calculation of foreign currency gain or loss for 2018

Total amount payable as at 15th Dec $545,454.55 million ($60 million/110)

Total amount payable as at 31st Dec $535,714.29 million ($60 million/112)

Foreign currency gain $9,740.26 million ($545,454.55-$535,714.29)

The amount payable based on 31st December year end exchange rate is lesser than on date of purchase which result in a gain for the company

Calculation of foreign currency gain or loss for 2019

Total amount payable as at 31st Dec $535,714.29 million ($60 million/112)

Total amount actually paid on 02nd Feb $521,739.13 million ($60 million/115)

Foreign currency gain $13,975.16 million ($535,714.29-$521,739.13)

You might be interested in
A homeseller wants to net $75,000. The commission is 9%, the loan payoff is $450,000, and closing costs are $36,000. What must t
gregori [183]

Answer:

The home must sell for $616,500 to be able to settle all costs

Explanation:

The net to the formula can be used to ascertain the price of the property , the formula is given below:

Net amount=Sales price*(100%-commission rate)

The net to the seller in this case is the amount that seller would receive and be able to settle mortgage and closing costs and still be left with $75000

Net amount =$75000+$450000+$36000

                     =$561000

commission rate is 9%

$561000=sales price*(100-9%)

$561000=sales price*91%

sales price =$561000/91%

                  =616483.52

But to the nearest $100 is $616500

6 0
3 years ago
In human resources management, job evaluation means that managers evaluate each employee on how well he or she is performing ass
Elina [12.6K]
The answer is False. Please make my answer the brainliest answer
7 0
3 years ago
With ____, a company deliberately sets a low price with the express idea of driving its competition out of business.
Sveta_85 [38]

With <u>predatory pricing</u>, a company deliberately sets a low price with the express idea of driving its competition out of business.

Predatory pricing is a pricing strategy, the usage of the method of undercutting on a bigger scale, wherein a dominant firm in an enterprise will intentionally reduce the fees of a service or product to loss-making stages within a short-time period.

Predatory pricing is the lowering of charges by a corporation specifically to put rival companies out of business. with the aid of doing away with the opposition, the enterprise edges closer to turning into a monopoly, a privileged position of marketplace dominance that might allow it to fix prices and stay away from the natural laws of supply and demand.

In a short time period, predatory pricing creates a buyer's marketplace, in which customers are able to “shop around” and generally attain goods at a decreased price. For agencies, profitability declines as competitors actively try and undercut every other's costs and divert visitors to their personal business.

Learn more about Predatory pricing here brainly.com/question/12751629

#SPJ4

6 0
1 year ago
1. Assume you are planning to invest $200 each year for four years and will earn 8 percent per year. Determine the future value
Virty [35]

Answer:

The future value of the $200 invested yearly for 4 years at 8% is $973.32

Explanation:

The future value of an immediate annuity is given by the formula = (1+r)*[P*((1+r)^n-1)/r]

P=is the periodic payment of $200

r=rate of return=8 percent

n=number of years=4

By slotting the variables into the formula we have:

Fv=(1+0.08)*(200*((1+0.08)^4-1)/0.08)

FV=$973.32

Judging by the concept of time value of money, it is expected that the sum invested at interest would have been much more at maturity of the investment as $1 today should give a lot more than $1 in future.

6 0
3 years ago
Read 2 more answers
Flawless Cosmetic Company manufactures and distributes several different products. The company currently uses a plantwide alloca
IgorC [24]

Answer:

Option (D) is correct.      

Explanation:

Total Overhead Cost:

= (Overhead × Number of cases) for all products

= (20 × 350) + (25 × 550) + (17 × 650)

= 31,800

Total Machine Hours:

= Machine hours × Number of cases

= (5 × 350) + (3 × 550) + (4 × 650)

= 6,000

Overhead Rate:

= Total Overhead Cost ÷ Total Machine Hours

= 31,800 ÷ 6,000

= 5.30

Total product cost per case for Product GC:

= Direct Material + Direct Labor + Overhead

= 80 + 30 + (Machine hours × Overhead Rate)

= 80 + 30 + (3 × 5.3)

= 80.00 + 30.00 + 15.90

= $125.90

4 0
3 years ago
Other questions:
  • Ruby wants to change the size of the margins in her document. Which of the following is a command she might use to do so in her
    13·2 answers
  • What does it mean to set up an ""automatic deposit"" and why is this a good savings strategy?
    12·1 answer
  • States use different types of trade strategies to try to improve economic outcomes, some are more "classic liberal," believing t
    7·1 answer
  • The productivity of labor in a firm has decreased due to the recent retirement of many of the firm’s most skilled workers. Assum
    10·1 answer
  • If someone had $5,000 and wanted to place it in a financial institution, what type of institution and account would you suggest
    6·1 answer
  • A corporation’s articles of incorporation can be changed relatively easily. True False
    5·1 answer
  • A business charging too little for its product runs the risk of
    11·1 answer
  • You bought one of Great White Shark Repellant Co.'s 8 percent coupon bonds one year ago for $810. These bonds make annual paymen
    15·1 answer
  • Impact of strategy evaluation and control in gaining competitive advantage​
    7·1 answer
  • Match the items to their categories of goods and services.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!