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Tpy6a [65]
3 years ago
15

On October 1, 20X4, Mild Co., a U.S. company, purchased machinery from Grund, a German company, with payment due on April 1, 20X

5. If Mild's 20X4 operating income included no foreign exchange transaction gain or loss, then the transaction could have:
a. Caused a foreign currency gain to be reported as a contra account against machinery.

b. Caused a foreign currency translation gain to be reported as a component of other comprehensive income in stockholders' equity.

c. Resulted in an extraordinary gain.

d. Been denominated in U.S. dollars.
Business
2 answers:
Lana71 [14]3 years ago
6 0

Answer:

d. Been denominated in U.S. dollars.

Explanation:

If Mild's 20X4 operating income included no foreign exchange transaction gain or loss, then the transaction could have been denominated in U.S dollars.

Furthermore, if it was denominated in U.S. dollars, there is no foreign exchange gain or loss for Mild.

Hence, there would be a gain or loss for Grund.

Minchanka [31]3 years ago
4 0

Answer:

Option D is correct

Explanation:

Since the monetary mode of operation is in dollars and foreign exchange gains and losses are naturally included in order to calculate the net income which is determined by rise and fall of exchange rate.

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Which of the assets has the greatest liquidity?​
Yanka [14]

Answer:

You have a choice of B. or D.

I will go with D.

Explanation:

hope it's correct

3 0
3 years ago
Megan and Susan are roommates. They spend most of their time studying (of course), but they leave some time for their favorite a
Leviafan [203]

Answer and Explanation:

The opportunity cost of megan for making pizza would be equivalent to the root amount as she make 1 pizza in 3 hours and in 5 hours she produced 1 boot beer so in one hour she produced 1 by 5th So for 3 hours it produced 3 by 5 so the opportunity cost would be 3 by 5 root beer gallon

Likewise for susan it produced 4 by 8 i..e 1 by 2 root beer gallons

By the above calculation the megan has the absolute advantage as megan takes lesser hours i.e. 3 hours while susan takes 4 hours

And, the susan has the comparative advantage as it contains the less opportunity cost i.e 1 by 2 as compared with megan i.e. 3 by 5

Also in the case of trade off susan would trade away as she has the comparative advantage

The highest price would be better off by 3 by 5 gallon

And, the lowest price is 1 by 2

8 0
3 years ago
Sound Company reported the following amounts for May, 2008: Direct materials purchased $254,000 Beginning raw materials inventor
Yakvenalex [24]

Answer:

$254,100

Explanation:

The computation of the  cost of direct materials used in production is shown below:

=  Direct materials purchased + Beginning raw materials inventory  - Ending raw materials inventory - Indirect materials requisitioned and used

= $254,000 + $12,000 - $7,900 - $4,000

= $254,100

Hence, all the other information is not considered. Therefore, ignored it

6 0
3 years ago
g The perfectly competitive firm faces a downward sloping demand curve. a horizontal supply function. perfectly elastic demand.
egoroff_w [7]

Answer:

Option C (perfectly elastic demand) seems to be the correct alternative.

Explanation:

  • Large companies manufacture similar products which cannot be separated from those manufactured by certain rivals.  
  • Price increases become decided on the market as well as firm price changes, marketing their production at either the current market value. Increasing organizations face a relatively elastic consumer surplus equivalent to something like the sale value.  

All other alternatives in question are not relevant to the unique scenario. But that's the correct answer above.

6 0
3 years ago
Sidney Crosby, a famous hockey player, is paid $10 million to wear Reebok ice-skates. Reebok hopes this will increase sales of t
eduard

The reason why Reebok believes that Sidney Crosby wearing their ice-skates will increase sales is due to Classical Conditioning.

<h3>How will classical conditioning increase sales?</h3>

Classical conditioning leads to people associating a certain stimulus with a certain effect.

Classical conditioning would therefore lead to people associating Reebok to Sidney Crosby and so they will buy more skates because of this association.

Find out more on classical conditioning at brainly.com/question/17583598

#SPJ1

4 0
2 years ago
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