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trapecia [35]
3 years ago
11

Brief, Inc., had a receivable from a foreign customer that is payable in the customer's local currency. On December 31, 2017, Br

ief correctly included this receivable for 255,000 local currency units (LCU) in its balance sheet at $165,000. When Brief collected the receivable on February 15, 2018, the U.S. dollar equivalent was $177,900. In Brief's 2018 consolidated income statement, how much should it report as a foreign exchange gain
Business
1 answer:
Marina86 [1]3 years ago
8 0

Answer:

$12,900

Explanation:

Calculation for how much should it report as a foreign exchange gain

Using this formula

Foreign exchange gain=U.S. dollar equivalent- Local currency units (LCU)

Let plug in the formula

Foreign exchange gain=$177,900-$165,000

Foreign exchange gain=$12,900

Therefore the amount that should be reported as a foreign exchange gain will be $12,900

local currency units (LCU) in its balance sheet at $165,000. When Brief collected the receivable on February 15, 2018, the U.S. dollar equivalent was $177,900. In Brief's 2018 consolidated income statement, how much should it report as a foreign exchange gain

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The common denominator for decisions on service processes is _______, but for manufacturing processes it is _______
igomit [66]

The common denominator for decisions on service processes is customer contact while but for manufacturing processes, it is product variety.

<h3>What is a common denominator?</h3>

This refers to the feature that is shared by all members, item, quantity of a subject matter.

Hence, the common denominator for decisions on service processes is customer contact while but for manufacturing processes, it is product variety.

Read more about common denominator

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5 0
1 year ago
At the equilibrium price, Multiple Choice there are forces that cause price to rise. quantity supplied may exceed quantity deman
Vilka [71]

Answer:

There are no pressures on price to either rise or fall.

Explanation:

Equilibrium price refers to the market price at which the amount of quantity supplied is exactly equal to the amount of quantity demanded. At this point, the market supply curve and the market demand curve intersect each other.

This price would be determined by the  market forces such as demand and supply of the goods.

8 0
2 years ago
Identify the like terms.
Sedaia [141]

Answer:

Explanation:

7

+

5

−

9

+

2

−

1

2

7y+5x-9+2y-12x

7y+5x−9+2y−12x

Simplify

1

Combine like terms

7

+

5

−

9

+

2

−

1

2

{\color{#c92786}{7y}}+5x-9+{\color{#c92786}{2y}}-12x

7y+5x−9+2y−12x

9

+

5

−

9

−

1

2

{\color{#c92786}{9y}}+5x-9-12x

9y+5x−9−12x

2

Combine like terms

3

Rearrange terms

Solution

−

7

+

9

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9

5 0
2 years ago
Nettles, king, and tanaka are partners sharing income 3:2:1. after the firm's loss from liquidation is distributed, the capital
Alisiya [41]
<span>So the total ratio amounts to 3,2,1 which add up to 8. At liquidation the total capital amounts to 178,000 - 124,000 = $56,000. Initially Nettle's share amounts to 3/6 * 56,000 = $28,000. Nettles doesn't receive anything. He still owes $48,000 - 28,000 = $20,000 while King receives 2/6 * $56,000 = $18, 667 and Tanaka 3/6 * $56,0000 = $28,000</span>
7 0
3 years ago
Driehaus Manufacturing intends to increase capacity through the addition of new equipment. Two vendors have presented proposals.
makvit [3.9K]

Answer:

A. The crossover point in units is 9000 units

B. Alternate B or Proposal B should be chosen

Explanation:

a.

Let x be the number of units.

The profit equation for option 1 can be written as (20-11)x - 62000

The profit equation for option 2 can be written as (20-14)x - 35000

The crossover point is where both optons yield equal profit thus equation 1 = equation 2.

(20-11)x - 62000 = (20-14)x - 35000

9x - 62000 = 6x - 35000

9x - 6x = 62000 - 35000

3x = 27000

x = 27000 / 3

x = 9000 units

b.

At 8300units,

Profit from proposal A is = 9(8300) - 62000 = 12700

Profit from proposal B is = 6(8300) - 35000 = 14800

Thus option B is more profitable at this unit.

7 0
3 years ago
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