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4vir4ik [10]
3 years ago
10

If the exchange rate between the u.s. dollar and the Canadian dollar is 1:1.3, which of the following is true

Business
1 answer:
NeTakaya3 years ago
6 0

Answer:

It will cost less to buy a $5 item in Canada than it will in the United States

Explanation:

if the exchange rate between the US Dollar and the canadian dollar is 1:1.3, then that menas that it would be easier to buy a commodity of $5 in canada as against buying in the US. This is because the price of the commodities will be affected by the exchange rate thus price making room for a 0.13

Cheers

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A firm that is facing both strong cost pressures and strong pressures for local responsiveness should follow _____ strategy. Mul
dangina [55]

Answer:

a global standardization.

Explanation:

Global standardization can be defined as the ability of an organization to use standard marketing techniques across the world with respect to the cultural factors.

Also, local responsiveness can be defined as the degree of requirements and conditions to which a manufacturing firm should significantly adjust their products and methods of production in a particular country to.

A firm that is facing both strong cost pressures and strong pressures for local responsiveness should follow a global standardization strategy.

Hence, when a firm follows the global standardization strategy, the quality of its goods and services is able to meet the needs of customers (people) all over the world because of the streamlining of its production processes, products design, and simplified supply chain management.

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3 years ago
Select the incorrect statement regarding the cash budget. Multiple Choice Cash inflows and outflows indicated on the cash budget
babunello [35]

Answer:

The incorrect statement regarding the cash budget is :

The total cash available is calculated by adding cash receipts and the ending cash balance.

Explanation:

The Cash available is calculated by <em>adding</em> the Cash Receipts to the Opening Cash Balance <u>instead of</u> the Ending Cash Balance.

The Cash that is available would then be used to meet cash expenditures for the anticipated period.

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3 years ago
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Read 2 more answers
Henrietta, the owner of a very successful hotel chain in the Southeast, is exploring the possibility of expanding the chain into
Sholpan [36]

Answer:

a. The amount Henrietta can deduct in the current year for investigating the possibility of expanding the hotel chain a city in the Northeast is $67,000.

b. Amount she can deduct in the current year is $2,088.88.

Explanation:

a. Determine the amount Henrietta can deduct in the current year for investigating the possibility of expanding the hotel chain.

Since the primary business of Henrietta is the hotel business, all the expenses she incurred in investigating the possibility of expanding the chain into another city is deductible in the current year despite that she decides not to expand.

Therefore, the amount Henrietta can deduct in the current year for investigating the possibility of expanding the hotel chain a city in the Northeast is $67,000.

b. Determine the amount Henrietta can deduct in the current year for investigating opening a restaurant.

Since the primary business of Henrietta is not a restaurant business, the amount she can deduct in the current year can b determined as follows:

Of the$51,000, an amount of $4,000 [$5,000 − $1,000 (reduction for excess over $50,000)] can be immediately expensed.

The balance of $47,000 ($51,000 − $4,000) is amortized over a period of 180 months at the rate of $261.11 per month ($47,000 ÷ 180) starting from May. Therefore, we have:

Amount she can deduct in the current year = Amount deductible per month * Number of months between May 1 to December 31 = $261.11 * 8 = $2,088.88

4 0
3 years ago
"Assume these facts: On October 11, the auditor received a cutoff bank statement dated October 7. The September 30 deposit in tr
Citrus2011 [14]

Complete question:

Procedures for Auditing a Client's Bank Reconciliation. Auditors typically will find the

items lettered A-F in a client-prepared bank reconciliation.

Required:

Assume these facts: On October 11, the auditor received a cutoff bank statement dated October

7. The September 30 deposit in transit; the outstanding checks 1281, 1285, 1289, and 1292; and

the correction of the bank error regarding check 1282 appeared on the cutoff bank statement.

a. For each of the preceding lettered items A-F, select one or more of the following procedures

1-10 that you believe the auditor should perform to obtain evidence about the  item. These procedures may be selected once, more than once, or not at all. Be prepared  to explain the reasons for your choices.

1. Trace to cash receipts journal.

2. Trace to cash disbursements journal.

3. Compare to the September 30 general ledger.

4. Confirm directly with the bank.

5. Inspect bank credit memo.

6. Inspect bank debit memo.

7. Ascertain reason for unusual delay, if any.

8. Inspect supporting documents for reconciling items that do not appear on the cutoff  bank statement.

9. Trace items on the bank reconciliation to the cutoff bank statement.

10. Trace items on the cutoff bank statement to the bank reconciliation.

b. Auditors ordinarily foot a client-prepared bank reconciliation. If the auditors had performed  this recalculation on the preceding.

Explanation:

a. Identification of procedures:

A. Balance by bank: procedures 4 and 9.

A. Transit deposits: processes 1, 7, 8, 9, and 10.

C. Outstanding controls: protocols 2, 7, 8, 9, and 10.

C. Customer's notice obtained by the bank: process 5.

E. Error: test 1282, published on September 26, procedures 5 and 9.

F. Balance of Books: Process 3

b. The gross unpaid payments was $13,480, not $11,450. Anyone engineered a bank calculation to suit the general ledger amount, which would be overstated by $2,000 (supplied the general ledger balance is $20,400).

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