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Tatiana [17]
3 years ago
5

A U.S. exporter has a Thai baht account receivable resulting from an export sale on June 1 to a customer in Thailand. The export

er signed a forward contract on June 1 to sell Thai baht and designated it as a cash flow hedge of a recognized Thai baht receivable. The spot rate was $0.022 on that date, and the forward rate was $0.021. Which of the following did the U.S. exporter report in net income?
a. Discount expense
b. Discount revenue
c. Premium expense
d. Premium revenue
Business
1 answer:
Darya [45]3 years ago
6 0

Answer: the correct answer is a. discount expense

Explanation: The spot price is the current price at which a commodity is traded. The exporter will report in its net income a discount because in the future the rate is lower.

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Which of the following is not a name for indirect resources? Multiple Choice Overhead costs Burden Direct costs Common costs
Levart [38]

Answer:

Direct costs

Explanation:

In a business or project of any type, overhead or overhead costs are called expenses for the mere fact of having an activity in operation.  Examples are the costs of gas, electricity, cleaning, rent or the salary of workers. The term is usually used to cover the expenses necessary to not cease the activity, but that are not directly related to the products or services offered, 1 that is, they do not increase the profits of the company. General expenses are costs on the income statement, with the exception of direct work, direct materials and direct expenses. General expenses include accounting, depreciation, insurance, interest, legal fees, repairs, rent, purchased materials, taxes, telephone bills, utility expenses and travel.

Workload or the labor cost or burden cost is the real value of an employee, as well as the salary earned by an employee. Workload costs include benefits that a company must pay or choose for employees on its payroll list. These costs include payroll taxes, retirement costs, health insurance, dental insurance, and other benefits provided to employees of a company. The company should pay for sick leave, vacations or study periods as part of the workload as there is a cost to the company.

Direct cost is a price that can be directly related to the production of certain goods or services. The direct cost can be tracked down to a cost item that could be a service, product or department. Direct and indirect costs are the two main types of costs that companies can incur, or expenses. Direct costs are often variable costs, such as production levels, such as inventory. However, some of the costs, such as indirect costs, are more difficult to entrust to a particular product. Examples of indirect costs include depreciation and administrative costs.

The common cost is the cost associated with the operation of an object, product or segment that is shared between two or more departments or users. In other words, it is a common expense to create a product or provide a service that cannot be linked to a department or user.

3 0
3 years ago
A firm's WACC can be correctly used to discount the expected cash flows of a new project when that project will:
Fudgin [204]

Answer:

b. have the same level of risk as the firm's current operations.

Explanation:

According to the M&M's model of capital structure, two entities operating in the same type of business with similar business risks (e.g proportion of variable costs to fixed costs, operating profits) have the same total value irrespective of their capital structures. This means that in order for WACC to be relevant for discounting purposes of a new project it's important that the new project and the firm's risks are same (at least the business risks).

Secondly, having same level of risk also means that the project will have a similar operating income generated by it's assets, hence when the return of two projects is similar the cost of finance/business will also be similar therefore the new project must share same level of risk in order for WACC to be used as a discount rate.

7 0
4 years ago
When constructing a responsibility matrix or "raci" chart, it is important to ensure that only one person has primary accountabi
Harman [31]
<span>It is very important that when constructing a responsibilities matrix that only one person has primary accountability for each activity. This ensures that not only division of labor is properly used, but it also decreases conflict between two person regarding methods or mentality regarding how the activity should be completed or managed.</span>
8 0
3 years ago
Consider the recorded transactions below.
AnnZ [28]

Answer:

1. T-accounts:

Accounts                           Debit        Credit

Accounts Receivable

Balance                           $4,200

Service Revenue              8,400

Cash                                                 10,200

Accounts                           Debit        Credit

Service Revenue

Accounts Receivable                         8,400

Accounts                           Debit        Credit

Supplies

Balance                              $400

Accounts Payable            2,300

Balance c/d                                       $2,700

Accounts                           Debit        Credit

Accounts Payable

Balance                                            $3,500

Supplies                                             2,300

Cash                                $3,700

Balance c/d                      $2,100

Accounts                           Debit        Credit

Cash Account

Balance                           $3,400

Accounts Receivable      10,200

Advertising                                       $1,000

Accounts Payable                              3,700

Deferred Revenue            1,100

Balance c/d                                    $10,000

Accounts                           Debit        Credit

Advertising Expense

Cash                                  1,000

Accounts                           Debit        Credit

Accounts Payable

Cash                                3,700

Accounts                           Debit        Credit

Deferred Revenue

Balance                                             $300

Cash                                                   1,100

Balance c/d                      $1,400

Explanation:

a) Data:

General Entries:

Accounts                           Debit        Credit

1. Accounts Receivable   8,400

Service Revenue                                  8,400

2. Supplies                      2,300

Accounts Payable                                2,300

3. Cash                           10,200

Accounts Receivable                         10,200

4. Advertising Expense   1,000

Cash                                                     1,000

5. Accounts Payable      3,700

Cash                                                    3,700

6. Cash                            1,100

Deferred Revenue                              1,100

b) The beginning balance of each account before the transactions is:

Cash, $3,400

Accounts Receivable, $4,200

Supplies, $400

Accounts Payable, $3,500

Deferred Revenue, $300

6 0
3 years ago
Please write me and one page summary on successful qualities
cupoosta [38]

Answer:

Success cannot be determined by one single level, characteristic or mental attribute. If it were that simple, then everyone could be successful and there could be no use for the piece or thought mapping. Alternatively, success is quite a finely mixed mix of qualities, characteristics, and traits that if balanced in the right combinations can help you achieve the pinnacles of accomplishment.

Charisma is one of the most important traits of a successful individual. the one quality all successful people have is charisma. In order to aspire to such heights, it’s crucial to see why charisma is indeed essential for success. Charisma is not something you can learn somebody and not something someone will only get along this way.

Successful people are attentive. They pay attention to those things that many others are not focusing on. Imagine Warren Buffet buying a particular stock when every other person is selling. To be successful, you have to focus on the details with a keen eye. Stare at those opportunities that every other person is ignoring. The noun here is used in a positive context because it takes fierce passion to succeed. You must want it more than others do.

Another quality successful people have in common is their incredible willpower. It’s a quality that enabled them to successfully reach their goals. These highly successful individual recognize that success comes in all shapes and sizes.

The quality that runs consistent is that every successful person got where they are, by starting where they were. They played the hand that was dealt to them.

8 0
4 years ago
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