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Anna35 [415]
3 years ago
12

How are accounts payable, denominated in another currency, reported on a U.S. company's balance sheet? A. At the exchange rate w

hen the payable was originally recorded B. At the exchange rate when the payables are due C. At the exchange rate on the balance sheet date D. The payables are not reported
Business
2 answers:
Illusion [34]3 years ago
4 0

Answer:

B) At the exchange rate when the payable are due.

Explanation:

Balance sheet: A statement which shows company's balance of  assets, liabilities and equities.

  • The correct way to report accounts payable of another currency in U.S. Balance sheet is to record them according to the exchange rate when the payable are still due. Because if the the payable are paid then there is no need to record it on the basis of exchange rate, it will mislead the financial statements of the company.
Inessa05 [86]3 years ago
4 0

Answer: C. At the exchange rate on the balance sheet date

Explanation: Differences in exchange arise when items of monetary value are settled or translated at rates different from those at which they were translated when initially recognised and as a result, accounts payable (amounts due to vendors or suppliers for goods or services received that have not yet been paid for), denominated in another currency, is reported on U.S. company's balance sheet at the exchange rate on the balance sheet date.

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During FY 2016, Bravo Company sold 16,000 units for $84,000. Bravo had $2.75 variable costs per unit sold. Bravo also reported $
Scilla [17]

Answer:

1.- CM 13.25

2.- BEP units 2114 (round to the next higher whole number)

3.- BEP dollars $33,811.32 (nearest cent)

Explanation:

Sales \: Revenue - Variable \: Cost = Contribution \: Margin

16 - 2.75 = 13.25

\frac{Fixed\:Cost}{Contribution \:Margin} = Break\: Even\: Point_{units}

28,000/13.25 = 2113.2075

\frac{Fixed\:Cost}{Contribution \:Margin \:Ratio} = Break\: Even\: Point_{dollars}

\frac{Contribution Margin}{Sales Revenue} = $Contribution Margin Ratio

13.25/16 = 0.828125

28,000/0.828125 = 33811.32

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4 years ago
1. A parent owns 80% of its subsidiary's voting stock. At the end of the year, the parent's ending inventory includes $20,000 in
Delicious77 [7]

Answer:

B decrease of $4000

Explanation:

$2000 x 0.2%

5 0
3 years ago
Which is true about what a customer typically expects from a support technician?
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<span>A customer expects a support technician to be knowledgeable, patient, and friendly. The support technician must be knowledgeable to the degree that they solve the issue at hand, but can also give basic information to a customer.</span>
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3 years ago
Because people prepare budgets, budget figures are often biased. Which of the following is true? a. When senior management sets
eduard

Answer: B

Explanation:

Budgetary slack is a cushion created in a budget by management to increase the chances of actual performance beating the budget. Budgetary slack can take one of two forms: an underestimate of the amount of income or revenue that will come in over a given amount of time, or an overestimate of the expenses that are to be paid out over the same time period. Budgetary slack is generally frowned upon because the perception is that managers care more about making their numbers to keep their seats and gaming the executive compensation system rather than pushing company performance to its potential. Managers putting a budget together could low-ball revenue projections, pump up estimated expense items, or both to produce numbers that will not be hard to beat for the year. It also provides flexibility for operating under unknown circumstances, such as an extra margin for discretionary expenses in case budget assumptions on inflation are incorrect, or adverse circumstances arise.

4 0
3 years ago
sold real property with a $140,000 adjusted basis for $255,000. The buyer paid $148,000 cash and assumed Mr. Beck's $107,000 mor
Oxana [17]

Answer:

The answer is $115,000

Explanation:

Solution

Given that:

Property sold  =$140,000

Adjusted basis = $255,000

The buyer paid =$148,000

Mortgage on reality =$107,000

The next step is to find Mr Beck realized gain or loss on sale

Thus

Sale value =$140,000

Adjusted basis =$255,000

140,00 + 255,000 = $115000

Therefore Mr beck realized gain or loss on sale is $115,000

8 0
3 years ago
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