the translated amount of cost of goods sold that should appear in the consolidated income statement is: =$112,500
Weighted avg. rate $1.50=1lb
reported cost of goods sold of =75,000 pounds
the translated amount of cost of goods sold that should appear in the consolidated income statement is:
=75000 pounds x $1.50
=$112,500
<h3>
What currency does a US company use in the UK?</h3>
A U.S. subsidiary in Britain keeps its accounting records in pounds sterling and conducts the majority of its business using that currency. II. A U.S. subsidiary in Peru carries out almost all of its operations in Latin America and primarily deals in dollars.
<h3>
What should the cost of goods sold for the second quarter include?</h3>
The acquisition cost of the items temporarily liquidated should be included in the cost of goods sold for the second quarter. B. The projected replacement cost of the items temporarily liquidated should be included in the cost of goods sold for the second quarter.
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Answer:
1. The best that completes the table is:
Oil from a Middle Eastern country that is considered hostile.
2. An example of local content requirement is:
Imported apples exceeding a percentage of domestic production.
Explanation:
Many countries of the world impose free-trade restrictions. For example, tariffs raise the prices of imported goods relative to domestic goods (good produced at home), thereby making imports more expensive. Some governments provide subsidies to their domestic industries, thereby making the domestic goods cheaper than their foreign counterpart and discouraging free trade. Local content requirements are another means to restrict free trade. These requirements demand that part of the production process for imported goods be completed domestically.
Answer:
Explanation:
Book value of shareholders equity = Book value of mailing machine + net working capital - Long term debt = 64500 + 57200 - 111300 = $ 10400
Friday 9:30 a.m. to 4:00 p.m.
Answer:
D. Level of optimism about the future
Explanation: