Answer:
$56,000
Explanation:
Data:
Cost of good sold (single) = $50,000
Weighted average rate of the year = $1.12
Cost of good sold consolidated = ???????
Solution:
In order to find the translated amount of cost of goods sold that should appear in the consolidated income statement, we will multiply the cost of goods sold given for Canadian subsidiary with the weighted average rate of the year.
Calculation:
Cost of good sold (consolidated) = $50,000 x $1.12
Cost of good sold (consolidated) = $56,000
1. Verbal
2. Nonverbal
3. Written
4. Visual
I’m not sure but hope this helped x:)
Answer:
The effective rate on the bank loan is 27%
Explanation:
The effective rate of Interest
= ($11,800/$302,000)*(360Days/52days)
= 0.039*6.92
=27%