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eduard
3 years ago
7

Simpson Sign Company based in Frostbite Falls, Minnesota has a 6-month C$100,000 contract to complete sign work in Winnipeg, Man

itoba, Canada. The current spot rate is $1.01/C$ and the forward rate is $1.02/C$. Under conditions of equilibrium, management would use ________ today when preparing operating budgets.A) $102,000B) $101,000C) $100,000D) none of the above
Business
1 answer:
seraphim [82]3 years ago
3 0

Answer:

A) $102,000

Explanation:

The computation of the amount used today for preparing the operating budget is shown below:

= Contract value × forward rate

= $100,000 × $1.02

= $102,000

For computing this, we consider the forward rate and the same is multiplied with the contract value so that the correct amount can come.

All other information which is given is not relevant. Hence, ignored it

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Answer:

Infomercial.

Explanation:

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3 years ago
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Answer:

Dollar General

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For example, the income statement of Dollar General will be combined or consolidated with the income statement of one or all of its subsidiaries so that the investor has a view of the consolidated net income of the group.  To achieve this, some transactions that were done with inter-group companies will be eliminated, especially when the transactions have not been completed with entities outside the group.  For example, inventories bought from one company by another in the group, which have not been sold to the outside of the group will be eliminated so that the group does not assume to have made profits from itself.

7 0
3 years ago
What are six advantages of books of prime entry​
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Answer:

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Explanation:

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Answer:

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