In recent decades, many successful presidential candidates were former governors.

Zugar Company is domiciled in a country whose currency is the dinar. Zugar begins 2017 with three assets: cash of 28,200 dinars,

MAXImum [283]

Answer:

Accounts Amount (in Dinar)

Cash_________________28,000

Accounts Receivable_____82,000

Land________________220,000

Total Assets__________330.000

Less: Notes Payable___(170,000)

Net Assets___________160,000

The translation adjustment for this subsidiary for the year 2017?

Particulars Amount in Dinar Translation Rate Amount in Dollar

Net assets, 1/1_______160,000__________0.50_______80,000

Add: Rendered services_140,000________0.57________79,000

Less: Incurred expense _(120,000)________0.59_______(70,800)

Net assets, 12/31_______180.000___________________88,200

Net assets, 12/31 at current__180,000______0.61_______109.800

Translation adjustment (positive) ____________________(21,600)

What is the remeasurement gain or loss for 2017

Particulars Amount in Dinar Translation Rate Amount in Dollar

Net Monetary Asset, 1/1 __28,000________0.56_______15,680.00

Add: Rendered services_140,000________0.57________79,000

Less: Incurred expense _(120,000)________0.59_______(70,800)

Add:Accounts Receivable_80,000________0.56______44,800

Less: Accounts Payable_(170,000)________0.56_____(95,200)

Net monetary assets, 12/31_(42,000)______________(26,540.00)

Net monetary assets, 12/31 at current exchange rate

(42,000)_________0.61____(25,620)

Remeasurement gain - - 920.00

Translated value of land is $134,200 ( derived from 220,000 dinar x 0.61)

Remeasured value of land is $116,600 (derived from 220,000 dinar x 0.53)

Explanation:

Accounts Amount (in Dinar)

Cash_________________28,000

Accounts Receivable_____82,000

Land________________220,000

Total Assets__________330.000

Less: Notes Payable___(170,000)

Net Assets___________160,000

The translation adjustment for this subsidiary for the year 2017?

Particulars Amount in Dinar Translation Rate Amount in Dollar

Net assets, 1/1_______160,000__________0.50_______80,000

Add: Rendered services_140,000________0.57________79,000

Less: Incurred expense _(120,000)________0.59_______(70,800)

Net assets, 12/31_______180.000___________________88,200

Net assets, 12/31 at current__180,000______0.61_______109.800

Translation adjustment (positive) ____________________(21,600)

What is the remeasurement gain or loss for 2017

Particulars Amount in Dinar Translation Rate Amount in Dollar

Net Monetary Asset, 1/1 __28,000________0.56_______15,680.00

Add: Rendered services_140,000________0.57________79,000

Less: Incurred expense _(120,000)________0.59_______(70,800)

Add:Accounts Receivable_80,000________0.56______44,800

Less: Accounts Payable_(170,000)________0.56_____(95,200)

Net monetary assets, 12/31_(42,000)______________(26,540.00)

Net monetary assets, 12/31 at current exchange rate

(42,000)_________0.61____(25,620)

Remeasurement gain - - 920.00

Translated value of land is $134,200 ( derived from 220,000 dinar x 0.61)

Remeasured value of land is $116,600 (derived from 220,000 dinar x 0.53)

6 0

3 years ago

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in a buying center, the person who has the formal or informal power to choose or approve the selection of a supplier or brand i

Archy [21]

The answer is that the person is known as "decider".

<span>There are many people present in an organization or company who are involved in the purchase decision, these people together makes a buying center. In buying center all those people have their own roles and are known as according to their roles. such as, purchasers, users, initiators, evaluators etc.</span>

7 0

3 years ago

Exercise 13-09 On December 31, 2020, Sage Company has $7,044,000 of short-term debt in the form of notes payable to Gotham State

sasho [114]

Answer:

Explanation:

The preparation of the partial balance sheet for Sage at December 31, 2020 is presented below

NASH COMPANY

Partial Balance Sheet

At December 31, 2020

Current liabilities

Notes payable $3,176,480

Long term debt

Note payable refinanced in the year 2021 $3,867,520

The computation is shown below:

For note payable i.e shown in the current liabilities is

= $7,044,000 - $6,043,000 × 64%

= $3,176,480

And, the refinanced note payable is

= $6,043,000 × 64%

= $3,867,520

6 0

3 years ago

Today, ecoterrorists in america have taken many radical actions, including burning down ski lodges, blowing up hummers, freeing

Romashka-Z-Leto [24]

Answer:

Positive deviance

Explanation:

Positive deviance is a methodology that is used by individuals who are associated with Eco-terrorism. They utilize radical criminal acts to spread their ecological philosophies. These individuals generally look for ratification of other people who share similar philosophies. These criminals believe that they will be viewed as heroes, and their actions will be seen as positive deviance.

5 0

3 years ago

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Your business plans to market its all-natural ingredient dog food to a foreign country. The shelf life of the product is a short

lesantik [10]

Answer: A. STORAGE FACILITIES

Explanation: STORAGE FACILITIES are structures or systems put in place to Prevent the quick spoilage of a given product. Storage facilities are required for products that can easily deteriorate. With proper storage facilities or System the shelf life of the product can be Extended.

Businesses planning to market Al NATURAL PRODUCTS MUST INVEST IN STORAGE FACILITIES AS NATURAL PRODUCTS DETERIORATE EASILY IF NOT STORED PROPERLY. The storage facility can be in the form of COLD ROOMS for frozen Products or COOL DRY ENVIRONMENT for most processed foods etc.

3 0

3 years ago