Answer:
2017 = ($6,400)
2018 = $4,800
Explanation:
The effect of the exchange rate fluctuations on reported income in 2017 and in 2018 is shown below:-
Particulars Amount
Purchased widgets 20,000
Purchased price 8
Total inventory 160,000
(20,000 × 8)
Total inventory at Dec 1,2017 $70,400
(160,000 × $0.44)
Total inventory at Dec 31,2017 $76,800
(160,000 × $0.48)
Foreign exchange gain/(loss)
at reporting date ($6,400)
($70,400 - $76,800)
Total inventory at March 1, 2018 $72,000
(160,000 × $0.45)
Foreign exchange gain/(loss)
when payment is made
on March 1, 2018 $4,800
($76,800 - $72,000
)
So, the Foreign exchange loss in 2017 is ($6,400) and the Foreign exchange gain in 2018 is $4,800
Answer:
look it up on brainly; we're not allowed to answer your questions abt their website
Explanation:
As the customer is pestering Dylan to reveal the Chip information to him, then, by virtue of upholding the non-disclosure agreement, Dylan should void the contract and move on.
<h3>What is a non-disclosure agreement?</h3>
This refers to the contract by which both parties agree not to disclose confidential information that they have shared with each other as a necessary part of doing business together.
In a legal contract, the non-disclosure agreement creates the legal framework to protect ideas and information from being stolen or shared with competitors or third parties.
The act of violating the non-disclosure agreement leaves a party open to lawsuits from the employer and could be required to pay financial damages or legal costs.
Because the customer pestered for revealing the Chip information to him, then, by virtue of upholding the non-disclosure agreement, Dylan should void the contract and move one.
Read more about non-disclosure agreement
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Answer:
$2,058
Explanation:
the bonus when FIFO method is used = $50,490 x 20% = $10,098
the bonus when LIFO method is used = $40,200 x 20% = $8,040
the difference = $10,098 - $8,040 = $2,058
First in. first out (FIFO) method assigns cost of goods sold based on the price of the oldest units purchased, while last in, first out (LIFO) assigns cost of goods sold based on the price of the last units purchased. When the cost of merchandise increases during the year, FIFO method will result in lower COGS and higher net income.