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3 years ago

Certain balance sheet accounts of a foreign subsidiary of Orchid Company have been stated in U.S. dollars as follows:

Business

1 answer:

Alexxandr [17]3 years ago

4 0

Answer:

1. $490,000

2. $481,000

Explanation:

1. The computation of the total amount which is included in the balance sheet is shown below:

= Accounts receivable + Accounts receivable, long term + Land + Patents

= $215,000 + $118,000 + $63,000 + $94,000

= $490,000

In this the land and patents are recorded in the historical rates

2. The computation of the total amount which is included in the balance sheet is shown below:

= Accounts receivable + Accounts receivable, long term + Land + Patents

= $215,000 + $118,000 + $59,000 + $89,000

= $481,000

In this all items are recorded in the current rates

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You want to purchase a new motorcycle that costs $29,800. The most you can pay each month is $510 over the life of the 78-month

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3 years ago

When museums charge a lower admission fee to students and senior citizens, this form of pricing is known as ________. third-degr

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3 years ago

Read 2 more answers

The business analyst for Video Sales, Inc. wants to forecast this year's demand for DVD decoders based on the following historic

Dmitriy789 [7]

Answer:

d) 420

Explanation:

In three-year weighted moving average with weights of 0.5, 0.3, and 0.2, the forecast can be calculated using the following formula

Forecast(This year) = 0.5*Demand(last year) + 0.3*Demand(2 years ago) + 0.2*Demand(3 years ago)

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3 years ago

Ahmed Company purchases all merchandise on credit. It recently budgeted the following month-end accounts payable balances and me

vazorg [7]

Answer:

Budgeted amounts: June July August

1. Purchases $1,480,000 $1,570,000 $1,220,000

2. Cost of goods sold $1,240,000 $1,770,000 $1,190,000

Explanation:

The computations are shown below:

Budgeted amounts: June July August

Ending accounts payable $130,000 $300,0000 $120,000

Payments on account $1,500,000 $1,400,000 $1,400,000

Subtotal $1,630,0000 $1,700,000 $1,520,000

Beginning accounts payable ($150,000) ($130,000) $300,000)

Purchases $1,480,000 $1,570,000 $1,220,000

Budgeted amounts: June July August

Beginning inventory $260,000 $500,000 $300,000

Purchases $1,480,000 $1,570,000 $1,220,000

Cost of goods available for sale $1,740,000 $2,070,000 $1,520,000

Ending inventory (500,000) (300,000) (330,000)

Cost of goods sold $1,240,000 $1,770,000 $1,190,000

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3 years ago