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BlackZzzverrR [31]
4 years ago
11

Five friends​ (a, b,​ c, d, and​

Business
2 answers:
Alex777 [14]4 years ago
8 0
Totally spend money 149$
Paraphin [41]4 years ago
7 0

Answer:

A will receive $11.2

B will give $18.8  

C will give $6.8

D will receive $6.2

E will receive $8.2

Explanation:

Calculations are as follows:

a spent $41

b spent $11

c spent $23

d spent $36 and

e spent $38

Total Expense= $149

If expenses need to be divided equally, then the following share comes in every person's part.

$149/5= $29.8

So, a, b, c, d, e spent the above mentioned amount rather than $29.8

So following calculations will show who owes to whom.

a's share: $41-$29.8= $11.2         A will receive $11.2

b's share: $29.8-$11= $ 18.8        B will give $18.8  

c's share: $29.8-$23= $6.8         C will give $6.8

d's share: $36- $ 29.8=$6.2        D will receive $6.2

e's share: $38- $29.8= $ 8.2       E will receive $8.2

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On December 20, 2017, Butanta Company (a U.S. company headquartered in Miami, Florida) sold parts to a foreign customer at a pri
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Answer:

There would be a foreign exchange loss of $1,500 that would ne recognized in the 2017 income statement.

Explanation:

Income statement is a component of the company's financial statements that shows the financial performance.

Based on<em> IAS 21 the Effects of Changes in Foreign Exchange Rates</em>, the translation method for assets and liabilities is the closing rate. It can be established that the parts Butanta sold to a foreign customer were recorded as Accounts receivable (Asset), therefore, the translation method by IAS 21 above applies.

In the question, we have the following rates:

December 20, 2017:         1 ostra :  $1.08

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As at December 31, 2017: (50,000 x $1.05) - (50,000 x $1.08) = $1,500 (foreign exchange loss)

On January 10, 2018 when payment is received, there would be a further loss of: (50,000 x $1.01) - (50,000 x $1.05) = $2,000 (foreign exchange loss)

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3 years ago
LO 7.4A company has prepared the operating budget and the cash budget. It is now preparing the budgeted balance sheet. Identify
shutvik [7]

Answer:

The correct answer is:

A) Cash (Cash Budget)

B) Accounts receivable  (Cash Budget)

C) Finished goods inventory  (Operating Budget)

B) Accounts payable  (Cash Budget)

D) Equipment purchases (Operating Budget)

Explanation:

The operating budget is a planning of the profits and expenses of a company for one or more than one period. It includes the expectations of other budgets on <em>payroll, cost of goods, </em>and <em>inventory</em>.  

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An 80-room motel forecasts its average room rate to be $68.00 for next year at 75% occupancy. The rooms department has a fixed w
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Answer and explanation:

Budgeted rooms to be sold next year: 80 × 75% × 365 = 21,900

a. Budgeted Departmental Contributory Income Statement

                                           $                         $

Rooms Department  

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Other costs: [21,900 * $2.75] 60,225         (395,994)

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Snack bar sales revenue $  

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Snack Bar Contributory Income 176,905  

Total Contributory Income $1,270,111  

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check the attached file fro well formatted answers

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    Cr Cash 90

4 0
3 years ago
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