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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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3 0
2 years ago
Blue Spruce Company had $152,600 of net income in 2016 when the selling price per unit was $153, the variable costs per unit wer
Sonbull [250]

Answer:

12098

13127

Explanation:

Net income = revenue -  total cost

revenue = price x unit sold

total cost = variable cost + fixed cost

variable cost = variable cost per unit x unit sold

unit sold is unknown, so it would be represented with a

$152,600 = $153a - ($93a + $573,300)

$152,600 = $153a - $93a - $573,300

Collect like terms and solve for a

a = 12,098

b. Net income in 2017 = $61,700 + $152,600 = 214,300

214,300 = $153a - $93a - $573,300

Collect like terms and solve for a

a = 13127

6 0
3 years ago
in forward and futures contracts, the risk of non-fulfilment of contract terms is most likely borne by:
topjm [15]

In forward and futures contracts, the risk of non-fulfillment of contract terms is most likely borne by <u>both parties</u><u> to the contract</u>.

<h3>What are forward and futures contracts?</h3>

The difference between a forward and futures contract lies in their establishment.

A forward contract is a personal arrangement traded over the counter whereas, a futures contract is a standardized contract made through an established exchange.

Thus, in forward and futures contracts, the risk of non-fulfillment of contract terms is most likely borne by <u>both parties</u><u> to the contract</u>.

Learn more about forward and futures contacts at brainly.com/question/15581105

#SPJ12

7 0
2 years ago
Expected cash dividends are $4.00, the dividend yield is 8%, flotation costs are 6% of price, and the growth rate is 5%. Compute
Brut [27]

Explanation:

\text { Dividend, } \mathrm{D}= 4 \\\text { Dividend yield rate }=\mathrm{D} / \text { Current price }=8 % \\\text { Current price }, \mathrm{P} 0=\mathrm{D} / 8 \%=\$ 4 / 8 \%=$ 50

\text { Flotation cost, } \mathrm{F}=8 \% \text { of current price }=\$ 50 * 8 \%=\$ 4 \\&#10;\text { Growth rate,g }=4 % \\&#10;\text { Cost of new common stock, } \mathrm{Ke}=[\mathrm{D} 1 /(\mathrm{P} 0-\mathrm{F})]+\mathrm{g} \\  =[\$ 4 /(\$ 50-\$ 4)]+4 \% \\&#10;=0.086956522+0.04 \\&#10;=0.126956522=12.7 \% \text {(Rounded) }

12.7%

6 0
3 years ago
A market researcher divides the Dallas metropolitan area into blocks having roughly equal populations. He then selects a random
stira [4]

Answer: . two-stage area

Explanation:

In two-stage specimen sampling, a simple random sample of specimen is selected and then a simple random sample is selected from the units in each sampled specimen. Two-stage sampling is used when the sizes of the specimens are large, making it difficult or expensive to observe all the units inside them.

7 0
3 years ago
Read 2 more answers
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