1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
One of the least desirable and routine tasks members of your team must do is taking minutes (notes) at team meetings. Proof that
Lubov Fominskaja [6]

Answer:

C. Create a rotating assignment so each team member shares note taking.

Explanation:

In the case noted in the question above, there is a situation that could be unpleasant if it were decided by some type of bias.

Therefore, the most appropriate alternative for the team to address this situation would be to create a rotating assignment for each team member to share the notes. This way it would not happen that a team member is always chosen to perform a task that causes dissatisfaction in the whole team. Creating a rotating assignment to carry out the task would guarantee the uniformity of the task assignment and avoid possible dissatisfactions, inequalities and interpersonal conflicts that could arise.

5 0
3 years ago
When a manager leaves his or her job to accept a job at another organization, the organization left behind is experiencing?
Butoxors [25]
<span>When a manager leaves his or her job to accept a job at another organization, the organization left behind is experiencing 'attrition'. Attrition means the reduction in employees in a company due to retirement and resignation. It may cause loss of employee talent and increased competition with rival companies.</span>
7 0
3 years ago
The significant increase in consumer demand following World War II marked the beginning of the:
Tom [10]

Answer:

b. marketing concept era.

This era existed from 60's to 90's. And was called the 'baby boomer era'.  This era was focused on satisfy the client and producing goods and services.

And in order to satisfy this they use strategies of marketing in order to attract the customers.

Explanation:

a. production era.

False. This era was from 1860-1920 since this era occurs during the Industrial revolution and  not at the beginning of the second world war.

b. marketing concept era.

Correct. This era existed from 60's to 90's. And was called the 'baby boomer era'.  This era was focused on satisfy the client and producing goods and services.

And in order to satisfy this they use strategies of marketing in order to attract the customers.

c. customer relationship era.

False. This era was from 1990-2010 and was focused in create long-term relationships. So then is not the correct option if we analyze the historical time.

d. selling era.

This era was from 1920 and 1940 and not correspond to the begin of the second world war so this one is not the correct option.

6 0
3 years ago
Read 2 more answers
Suppose the economy is operating in long-run equilibrium and a positive demand shock hits. We expect a short-run increase in rea
Pepsi [2]

Answer:

The correct answer is: an expansionary gap; decrease the money supply.

Explanation:

An expansionary gap is when genuine output surpasses potential output. At the end of the day, the economy is incidentally working over its long-run potential as estimated by real GDP.

3 0
3 years ago
Prime Cost and Conversion Cost Grin Company manufactures digital cameras. In January, Grin produced 4,000 cameras with the follo
Kobotan [32]

Answer:

Prime costs= $480,000

Explanation:

Giving the following information:

Grin produced 4,000 cameras with the following costs:

Direct materials $400,000

Direct labor 80,000

Manufacturing overhead 320,000

To calculate the prime costs we need to use the following formula:

Prime costs= direct material + direct labor

Prime costs= 400,000 + 80,000= $480,000

8 0
3 years ago
Other questions:
  • Why are governmental services more expensive in cities compared to other areas?
    8·1 answer
  • Ann wants to buy a building. The annual NOI for the building will be $165,000. She wants to get a 20 year interest only fixed ra
    14·1 answer
  • Suppose the Federal Reserve increases bank reserves and banks lend out some of these reserves, but at some point banks still hav
    6·1 answer
  • When a firm gets so large that coordination and management of workers and other inputs becomes costly and difficult, it is exper
    8·1 answer
  • Mofro's Computer Repair Shop started the year with total assets of $300,000 and total liabilities of $200,000. During the year,
    7·1 answer
  • The following four employees all feel committed to the organization they work for. Jennifer feels it will be difficult to find a
    11·1 answer
  • Oering's Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the following activi
    15·1 answer
  • Corrine works in a doctor's office. Sometimes the office is slow with only a few clients. She always finds tasks to keep her bus
    15·1 answer
  • Before the year​ began, Tardis Manufacturing estimated that manufacturing overhead for the year would be $175,700 and that 25,90
    11·1 answer
  • Using the allowance method of accounting for uncollectible receivables, the entry to reinstate a specific receivable previously
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!