Answer:
0.004 million Euro is the translation gain
Explanation:
The total cost of asset before depreciation of dollar = dollar 7.2 million * 0.7538 = 5.427 million Euro
1 dollar = 0.7538 Euros
Cost of asset in Euros after after depreciation of dollar = 7.2 * 10^6 * 0.7500 = 5.4 million Euro
Total liabilities before depreciation of dollar = dollar 8.2 million * 0.7538 = 6.181 million Euro
Total liabilities after depreciation of dollar = dollar 8.2 million * 0.7500 = 6.15 million Euro
The total loss in asset value = 5.427 million -5.40 million = 0.027 million Euro
The total profit in liabilities = 6.181 million -6.15 million = 0.031 million Euro
Net profit = 0.031 million -0.027 million = 0.004 million Euro
Answer:
Option (A) is correct.
Explanation:
Correct balance:
= Bank balance on bank statement + Back deposits in transit - outstanding checks
= $1,445 + $150 - $350
= $1,245
So our checking accounting shows a balance of $1360, but the correct balance is $1245.
Hence, the difference between the two is $115.
Therefore, this means that we would debit $115 back to cash.
Answer:
$13.80
Explanation:
Calculation to determine the offering price
Using this formula
Offering Price = NAV/1-load
Let plug in the formula
Offering Price = $12.70/1-0.08
Offering Price =$12.70/0.92
Offering Price = $13.80
Therefore the offering price is $13.80
Answer:
Return on total asset and return on equity
Explanation:
These two financial ratio analysis provides the most potent way to arrive at the profitability and overall financial health of a company. The balance sheet and income statement thus provide the line items and figures required to compute such. With Dupont system, the balance sheet item is able to be merged with the income statement to arrive at the overall company's profitability.
Answer:
A. $36.28
B. $8.48
Explanation:
a. Calculation for the amount of OASDI taxes to withhold from Crow's pay
OASDI taxes is 6.2%
Hence,
OASDI taxes to withhold = 585.15*0.62
OASDI taxes to withhold = $36.28
Therefore the OASDI taxes to withhold from Crow's pay is $36.28
b. Calculation for the amount of HI taxes to withhold from Crow's pay
HI taxes is 1.45%
Hence,
HI taxes to withhold =585.15*0.0145
HI taxes to withhold=$8.48
Therefore HI taxes to withhold from Crow's pay is $8.48
