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Drupady [299]
3 years ago
11

Quadros Inc., a Portuguese firm was acquired by a U.S. company on January 1, 2017. Selected account balances are available for t

he year ended December 31, 2018, and are stated in Euro, the local currency.
Euros
Sales 400,000
Inventory (bought on 2/1/18) 20,000
Equipment (bought on 1/1/17) 90,000
Dividends (paid on 9/1/18) 20,000
Accumulated depreciation, equipment (at 12/31/18) 45,000
Depreciation expense, equipment (for 2018) 9,000

Relevant exchange rates for 1 Euro are given below:
1/1/17 $.91
1/1/18 .93
2/1/18 .94
9/1/18 .97
12/31/18 1.01
4th quarter average, 2017 .90
4th quarter average, 2018 .98
Average, 2018 .95


Assume the functional currency is the U.S. Dollar; compute the U.S. balance sheet amount for accumulated depreciation for 2018.
Business
1 answer:
ser-zykov [4K]3 years ago
8 0

Answer:

Accumulated depreciation =$40,950

Explanation:

45,000 x .91 = $40,950

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Answer:

Resume

<h2>I hope this helps! Have a good life! ✌</h2>

5 0
3 years ago
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All counties in Texas have the same basic structure, as dictated by law, with little localized variation. Critics take issue wit
Annette [7]

It is true that employment in county government is not based on system but rather is often determined by political or personal relationships. Critics contend that this leads to inefficiencies.

<h3>How employment is determined by political or personal relationships?</h3>
  • Employing someone based only on their political and personal connections could result in inefficiency.
  • To make sure they are hiring people who are deserving of the roles they are giving, employers must constantly search the open market for qualified personnel.
  • Additionally, by hiring just members of a select set of people, the company or organization may be engaging in unfair labor practices in front of the Equal Employment Opportunity Commission (EEOC) if the offense is committed repeatedly.
  • Even while discussing vacancies for public deputy officers, the situation deteriorates.

Learn more about Employment here:

brainly.com/question/17459074

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5 0
1 year ago
Fidelity Stereo Company has provided the following information regarding its activity-based costing system:Purchasing department
VikaD [51]

Answer:

a. $392, 265

Explanation:

Given that:

i. Purchasing department, overhead allocation rate is $77 per purchase order.

ii. Assembly department, overhead allocation rate is $5 per part.

iii. Packaging department, overhead allocation rate is $4 per unit.

iv. Direct material cost is $70 per unit.

v. Each stereo has 50 parts.

Total parts required = 1200 x 50

                                 = 60000

vi. 45 purchase order was required for 1200 stereos.

Thus:

i. $77 x 45 = $3465

ii. $5 x 60000 = $300000

iii. $4 x 1200 = $4800

iv. $70 x 1200 = $84000

Therefore,

total cost for 1200 stereos = $3465 + $300000 + $4800 + $84000

                                            = $392, 265

8 0
3 years ago
Bart's Appliance Center owner Ron Bart feels that his organization has access to a great deal of information generated both insi
leonid [27]

Answer: (C) Marketing information system

Explanation:

The marketing information system is one of the important tool that helps the managers in an organization for making various types of desc ions regarding the development and the promotion of the product.

The marketing information system is basically define as the structure of the method in an organization that helps in the analysis of the data and then represent the information more efficiently.

The information related to the marketing is formally analyzed , stored and also distributed according to the requirement in an organization.

Therefore, Option (C) is correct.  

6 0
3 years ago
Compare a stock insurer to a mutual insurer with respect to each of the following: a. Parties who legally own the company b. Rig
jasenka [17]

Answer:

Explanation:

a. Parties who legally own the company

The kind of corporation that is owned by the shareholders is a stock insurer. While when policy holders elect board of directors then that is call a mutual insurer. This board of director enjoys control over the management control of the corporation.

b. Right to assess policyholders additional premiums

An asses sable policy can not be issued by the stock insurers, however policy of such kind can be issued by the mutual insurer. For mutual insurer, this policy depends on what kind of insurer is in place.

c. Right of policyholders to elect the board of directors

For stock insurer, its is the stockholders who elect the board of directors. While for mutual insurer, its the owners who elect the board of directors who have an effective control over the management.

4 0
2 years ago
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