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Svetlanka [38]
3 years ago
13

On July 1, 2017, Mifflin Company borrowed 200,000 euros from a foreign lender evidenced by an interest-bearing note due on July

1, 2018. The note is denominated in euros. The U.S. dollar equivalent of the note principal is as follows: Date Amount July 1, 2017 (date borrowed) $ 225,000 December 31, 2017 (Mifflin’s year-end) 220,000 July 1, 2018 (date repaid) 210,000 In its 2018 income statement, what amount should Mifflin include as a foreign exchange gain or loss on the note?
Business
1 answer:
aleksandr82 [10.1K]3 years ago
8 0

Answer:

Mifflin should include $10,000 as a foreign exchange Gain

Explanation:

July 1, 2017 (date borrowed) $225,000

December 31, 2017 (Mifflin's year end) $220,000

July 1, 2018 (date repaid) $210,000

=$220,000-$210,000 = $10,000 Gain

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Widget Inc. manufactures widgets. The company has the capacity to produce​ 100,000 widgets per​ year, but it currently produces
gayaneshka [121]

Answer:

$62,100

Explanation:

Given that,

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Variable costs per​ unit:

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Total incremental costs:

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= $213,900

Incremental income:

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= $62,100

Therefore, the operating income increases by $62,100.

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3 years ago
Shawna had a beginning balance in her checking account of $123.32. she wrote check #2341 for $23.77. she deposited two checks to
weqwewe [10]

Answer: $449.53

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3 years ago
Looking up the meaning in a dictionary
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2 years ago
The expression "conglomerate discount" means: Group of answer choices The ability of a widely diversified firm to exploit econom
NISA [10]

Answer:

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Explanation:

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Simply stated, the expression "conglomerate discount" means that the stock market tends to value diversified companies at less than their break-up value.

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