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8_murik_8 [283]
3 years ago
8

Scenario: wang's techno toys ann wang has been successfully running wang's techno toys that sells high-tech toys in the domestic

market. continually increasing and stiff competition at home has now forced wang's techno toys to enter international markets through direct exports. which of the following methods of export/import financing is techno toys' bank using if it acts as an intermediary without accepting financial risk? letter of credit buyback documentary collection advance payment
Business
1 answer:
vfiekz [6]3 years ago
5 0
Based on the given scenario above regarding Wang's Techno toys which was successfully run by Ann Wang, the method of import or export financing that the Techno Toys' bank used if it functions as an intermediary without considering any financial risk is called the DOCUMENTARY COLLECTION.
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Denzel Brooks opens a Web consulting business called Venture Consultants and completes the following transactions in March.
GrogVix [38]

Answer:

a. Journal Entries

March 1

Cash $150,000 (debit)

Office Equipment $22,000 (credit)

Capital $ 172,000

March 2

Prepaid Rent $6,000 (debit)

Cash $6,000 (credit)

March 3

Office equipment $3,000 (debit)

Office supplies $1,200 (debit)

Accounts Payable $4,200 (credit)

March 6

Cash $4,000 (debit)

Service Revenue $4,000 (credit)

March 9

Accounts Receivable $7,500 (debit)

Service Revenue $7,500 (credit)

March 12

Accounts Payable $4,200 (debit)

Cash $4,200 (credit)

March 19

Prepaid Insurance $5,000 (debit)

Cash $5,000 (credit)

March 22

Cash $3,500 (debit)

Accounts Receivable $3,500 (credit)

March 25

Accounts Receivable $3,280 (debit)

Service Revenue $3,280 (credit)

March 29

Drawings $5,100 (debit)

Cash $5,100 (credit)

March 30

Office Supplies $600 (debit)

Accounts Payable $600 (credit)

March 31

Utilities Expenses $500 (debit)

Cash $500 (credit)

b.Ledger Account Balances

Cash ($150,000 - $500 - $5,100 +  $3,500 - $5,000 - $4,200 + $4,000 - $6,000) = $136,700

Office Equipment ($22,000 + $3,000) = $25,000

Capital = $ 172,000

Prepaid Rent = $6,000

Office supplies ($1,200 + $600) = $1,800

Accounts Payable ($4,200 + $600 - $4,200) = $600

Service Revenue ($4,000 + $3,280 + $7,500) = $14,780

Accounts Receivable ($7,500 - $3,500 + $3,280) = $7,280

Prepaid Insurance = $5,000

Utilities Expenses = $500

c. Trial Balance

                                                        Debit                    Credit

Cash                                             $136,700

Office Equipment                         $25,000

Capital                                                                      $ 172,000

Prepaid Rent                                  $6,000

Office supplies                                $1,800

Accounts Payable                                                          $600

Service Revenue                                                        $14,780

Accounts Receivable                    $7,280

Prepaid Insurance                         $5,000

Utilities Expenses                            $500

Totals                                          $187,380              $187,380

Explanation:

The above show the journals recorded, posting to ledger accounts and determination of account balances and trial balance as at April 30.

8 0
3 years ago
C. calculate the dollar value of us bonds held by the chinese government. explain how you determined your answer. identify the r
saw5 [17]

Answer:

The Chinese government holds $200 of U.S. bonds.

Explanation:

LThe Chinese government holds $200 of U.S. bonds. This is so because of payments must the same to each other and since the U.S spent a total of $2,100 and the Chinese as we can see also spent a total of $1,900 with the bonds not been included, getting the difference between them American and Chinese bond ($2,100-$1,900) which is $200.Financial Account for U.S =$200 and the Financial Account for Japan=$800 For the U.S., it is more money coming in than out so it has a $600 Financial account Surplus. China has a $600 outflow or money going out, for this reason China will be the one having a deficit in its financial account.

3 0
3 years ago
Read 2 more answers
The annual demand for an item is 10,000 units. The cost to process an order is $75 and the annual inventory holding cost is 20%
Vilka [71]

Answer:

or ordering quantity 1-9,

EOQ = sqrt((2*annual demand*ordering cost)/holding cost per unit per year) = sqrt((2*10000*75)/(20%*2.95)) = 1594.48201

Optimal ordering quantity will not be in this range as calculated EOQ is beyond the range

For ordering quantity 10-999,

EOQ = sqrt((2*annual demand*ordering cost)/holding cost per unit per year) = sqrt((2*10000*75)/(20%*2.5)) = 1732.050808

Optimal ordering quantity will not be in this range as calculated EOQ is beyond the range

For ordering quantity 1000-4999,

EOQ = sqrt((2*annual demand*ordering cost)/holding cost per unit per year) = sqrt((2*10000*75)/(20%*2.3)) = 1805.787796

Total annual cost = ordering cost + holding cost + purchase cost = (10000/1805.787796)*75+(1805.787796/2)*(20%*2.3)+10000*2.3 = 23830.66239

For ordering quantity 5000 or more,

EOQ = sqrt((2*annual demand*ordering cost)/holding cost per unit per year) = sqrt((2*10000*75)/(20%*1.85)) = 2013.468166

EOQ is adjusted upwards to 5000 to avail the discount

Total annual cost = ordering cost + holding cost + purchase cost = (10000/5000)*75+(5000/2)*(20%*1.85)+10000*1.85 = 19575

So, optimal ordering quantity = 5000

Firm should pay $1.85 per unit

Annual cost at the optimal behavior = 19575

Explanation:

5 0
3 years ago
a company's actual results for revenues, net profits, EPS, and ROE turn out to be worse than projected, then it is usually becau
rewona [7]
<span>A firm might lose its sales revenue and market share if it is unable to respond rivals market strategy to acquire market share. In the given case most probably the firm lost its market share to its rival due to their exerted efforts in one or more. </span>
7 0
3 years ago
Dave Fletcher was able to determine the activity times for constructing his laser scanning machine. Fletcher would like to deter
skelet666 [1.2K]

Answer:

  • Project completion time: 21 weeks
  • Critical Path: B - E - G
  • ES, EF, LS, LF are shown below

Explanation:

The earliest start is the latest of the earliest finish times of the predecessors. The earliest finish is the sum of earliest start and duration.

The latest finish is the earliest of the latest start times of the successors. The latest start is the difference of latest finish and duration.

The slack is the difference between earliest start (or finish) and latest start (or finish).

Project duration is the earliest start of the "Project Done" task. For purposes of computing slack, this (project duration) is taken to be the latest finish of the immediate predecessors.

The critical path is the sequence of tasks with 0 slack.

8 0
3 years ago
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