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
olga_2 [115]
3 years ago
8

If the European subsidiary of a U.S. firm has net exposed assets of euro​200,000, and the euro increases in value from ​$1.22/eu

ro to ​$1.26/euro the U.S. firm has a​ translation: A. loss of​ $8,000. B. gain of​ $8,000. C. loss of euro​252,000. D. gain of​ $252,000.
Business
1 answer:
larisa86 [58]3 years ago
5 0

Answer:

B. Gain $8,000

Explanation:

The calculation of exchange translation is shown below:-

Old exchange rate = Net exposed assets × Value of Euro

= 200,000 × ​$1.22

= $244,000

New value in euro = Net exposed assets × Increased exchange rate

= 200,000 × $1.26

= $252,000

Translation Profit  = New value in euro - Old exchange rate

= $252,000 - $244,000

= $8,000

You might be interested in
The amount of the check is written in how many places?
Evgen [1.6K]
2

In numerical form on the left and written out on amount line
4 0
3 years ago
Read 2 more answers
Large plate in catering
Fynjy0 [20]
A service plate or a charger plate.
5 0
3 years ago
A _________ is generally considered an appreciating asset because it may _________ in value over time.
jeka94

A house is generally considered an appreciating asset because it may increase in value over time. Appreciation is an increase in the value of an asset over time. The increase of the value of the house may occur for a number of reasons, including increased demand or weakening supply, or as a result of changes in inflation or interest rates. One example would be: the neighborhood became very famous, so the value of the houses there will increase, because the demand will increase.

8 0
3 years ago
Read 2 more answers
Which of the following taxes are paid by the employee and the employer? a.FUTA b.Federal withholding taxes c.SUTA d.FICA
vlabodo [156]

Answer:

The correct answer is letter "D": FICA.

Explanation:

The FICA (<em>Federal Insurance Contributions Act</em>) is a U.S. law that requires a paycheck deduction to be paid to <em>Social Security</em> and <em>Medicare</em>. Employers and employees share half the payment unless an individual is self-employed meaning the full amount must be covered by that person.

8 0
3 years ago
You do not need to see proof of cash donations made by taxpayer if you feel that the information is not unusual or questionable.
Sliva [168]

Answer:

The correct answer is letter "A": True.

Explanation:

The Internal Service Revenue (<em>IRS</em>) offers Volunteer Income Tax Assistance (<em>VITA</em>) for elderly people who do not know how to file taxes on their own. The volunteers follow a series of practices during the interview with the taxpayers to gather their taxable information accurately. The principle of Due Diligence allows volunteers to <em>ask for clarification when the taxpayer information seems unclear or inconsistent</em>. However, if the information is not unusual, there is no need to request proof of it.

8 0
3 years ago
Other questions:
  • Increased size of financial institutions resulting from financial consolidation increases the ________ problem, because there ar
    7·1 answer
  • Which of the following statements are TRUE about credit scores?
    7·2 answers
  • Suppose a state passes a minimum wage law that increases the minimum wage from $5/hour to $20/hour. The equilibrium wage prior t
    10·1 answer
  • Your Way, Inc. Eric buys companies that are small or companies in financial trouble. He helps these companies turn around and de
    9·1 answer
  • Develop a production plan and calculate the annual cost for a firm whose demand forecast is: fall, 10,100; winter, 8,400; spring
    11·1 answer
  • What criteria must your employer-provided PPE meet?
    7·1 answer
  • The fish in the river are consideredrival in consumption andexcludable whereas the fish in the private pond are and . In other w
    7·1 answer
  • An employee who works from home is participating in what activity?​
    14·2 answers
  • Before protecting a worksheet to avoid people from editing the formulas, you must ________.
    10·1 answer
  • The most likely cause of a shift of a production possibilities frontier of an economy ab to cd is:_________
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!