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3 years ago

When determining whether to record an asset as a fixed asset, what two criteria must be met?

1 answer:

5 0

Answer: To classify an asset as fixed it must be met: "Must be long lived and must use the asset in a productive manner."

Explanation: Fixed assets: those assets and durable rights, which have been obtained in order to be exploited by the company. These are property, materials, equipment, tools and utensils that are not going to be marketed, that is, they are not going to become liquid at least during the first year.

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Suppose the U.S. dollar-euro exchange rate is 1.11.1 dollars per euro, and the U.S. dollar-Mexican peso rate is 0.10.1 dollar

d1i1m1o1n [39]

Answer:

Explanation:

According to the given data we have the following:

1 euro=1.11 dollars

1 peso=0.10 dollars

Hence, 11.10 peso=1.11 dollares

So, 1 euro=11.10 peso

Therefore, 1/11.10 euro=1 peso

0.09009 euro=1 peso

The euro-peso rate is 0.09009 euro=1 peso

3 0

3 years ago

The following costs were incurred in May: Direct materials$40,500 Direct labor$36,700 Manufacturing overhead$28,800 Selling expe

Lady bird [3.3K]

Answer:

$77,200

Explanation:

Conversion cost is calculated as;

= Direct labor cost + Manufacturing overhead.

Given that;

Direct labor cost = $40,500

Manufacturing overhead = $36,700

Conversion cost = $40,500 + $36,700

= $77,200

7 0

2 years ago

Find the following values for a lump sum assuming annual compounding. a. The future value of $800 invested at 7% for one year b.

Dmitrij [34]

Answer:

For the first 2 we calculate the future value:

(A)856

(B)1,122.04

Explanation:

$Principal * (1+ r)^{time} = Ammount$

$800* (1+ 0.07)^{1} = Ammount$

856

$800* (1+ 0.07)^{5} = Ammount$

1,122.041358

$\frac{856}{(1 + 0.07)^{1} } = 800$

$\frac{1,122.04}{(1 + 0.07)^{5} } = 800$

5 0

3 years ago

Who wants to chatttttttttttttt

dexar [7]

Answer:

sure maybe later

Explanation:

4 0

3 years ago

Read 2 more answers

which of the following is a possible strategy for reducing economic exposure? a. hedging with forward contracts b. purchasing fo

horsena [70]

All of those alternatives are correct covered in possible approach for lowering economic exposure.

<h3>What do you imply through economic exposure?</h3>

Economic exposure (publicity) to foreign exchange threat is the quantity to which the existing cost of a firm's predicted destiny coins flows is suffering from exchange fee changes. Economic publicity contains two coins float exposures: transaction publicity and running publicity.
There are important troubles in economic publicity control. First, monetary publicity control need to cover the complete existence of a overseas funding project. Second, monetary publicity control need to cover all elements of commercial enterprise operations, along with the elements market, the product market, and the finance market.

<h3>What is the distinction among accounting publicity and economic publicity?</h3>

Translation or Accounting Exposure: equals the distinction among uncovered property and liabilities. The trick is to determine what's uncovered and what's not. Sometimes referred to as stability sheet threat.
Operating or Economic Exposure: Changes within side the monetary cost of an corporation because of an exchange fee change.

To learn more about economic exposure visit:

brainly.com/question/29355141

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5 0

1 year ago