Answer:
The $5,680 expense should the firm deduct from revenues in the month when it recognizes the revenue.
Explanation:
According to the matching accounting principles, the expenses and revenues should be recorded in that period in which they are incurred and earned.
In the question, the Sheridan pays $2,590 in April, and $3,090 in may but it incurred in April
So, the total amount would be $2,590 + $3,090 = $5,680 should be recorded on April month only.
Suppose the exchange rate is 90 yen per US dollar and the united states wants to keep the exchange rate at a target rate of 90 yen per US dollar. if the demand for US dollars , the fed <u>sells dollars to lower the exchange rate.</u>
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When rate of exchange changes, the worth of 1 currency can go up whereas the worth of the opposite currency can go down. Once the worth of a currency will increase, it's aforementioned to own appreciated. On the opposite hand, once the worth of a currency decreases, it's aforementioned to own depreciated.
When a country's rate of exchange will increase relative to a different country's, the value of its merchandise and services will increase. Ultimately, this will decrease that country's exports and increase imports.
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Answer:
Covered Interest Arbitrage
Explanation:
The Covered Interest Arbitrage is a term that refers to arbitrage trading approach in which a stockholder take the chance to gain advantage from the disparity in interest rate between two nations.
The trading strategy helps in its verifiability, quantifiability, consistency, and objectivity
It is designed to profit the investor from the differences in interest rates between two countries, when buying and selling foreign currencies.
When a market is small or there's a high level of competition, there's a possibility that the earnings on covered interest rate arbitrage won't yield much.
Answer:
$170,000
Explanation:
Given that,
Travis Corporation begins the year with $50,000 of tire inventory that means inventories in the beginning of the year.
Purchases of tires during the year = $150,000
At the end of the year,
Purchase cost of remaining inventory = $30,000
Therefore,
Cost of goods sold:
= Beginning inventories + Purchases - Ending inventories
= $50,000 + $150,000 - $30,000
= $200,000 - $30,000
= $170,000
Answer: Chart of Accounts
Explanation:
Once account numbers have been enabled, the numbers be assigned and edited in the chart of accounts.
To assign the account numbers, one needs to go to the accounting menu and then the chart of accounts will be selected. After that, one will select batch edit which can be seen in the action menu and add the account numbers after which one will then save. In order to see the account numbers,one can then go to chart of accounts
