The amount of money I would have in US dollars would be $1,000
<h3>How much would I have in US dollars?</h3>
The first step is to convert dollars to pesos:
$1000 x 10 = 10,000 pesos
The second step is to determine the value of the investment in a year's time: (1.10) x 10,000 = 11,000 pesos
Now, convert pesos to dollars : 11,000 / 11 = $1,000
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Answer:
Direct method
Explanation:
There are three types of activities in the cash flow statement under the direct method
1. Operating activities: It records those transactions which are related to the cash receipts and cash payments.
Like:
Cash flow from Operating activities
Collections from customers
Less: Cash paid to suppliers and employees
Less: Interest and taxes paid
Net Cash flow from Operating activities
2. Investing activities: It records those activities which include purchase and sale of the long term assets
3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.
Answer:
$2,500,000
Explanation:
Data provided
Ending assets = $1,500,000
Inventory turnover = 6.0 times
Net sales = $8,000,000
The computation of beginning total asset balance is shown below:-
Average total assets = $8,000,000 ÷ 4
= $2,000,000
Total assets = $2,000,000 × 2
= $4,000,000
Beginning assets = Total assets - Ending assets
= $4,000,000 - 1,500,000
= $2,500,000
Therefore we applied the above formula
A depository institution is a financial institution in the United States.