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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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Answer:

I used an Excel spreadsheet to calculate R² which gives us the least squares trend. See attached image.

y = 360x + 1600

R² = 0,9529

next year's enrollment should be = (360 x 5) + 1600 = 3400

5 0
2 years ago
The type of research that compares a product or service with a competitor’s is called ?
AlexFokin [52]
<h2>Answer;</h2><h2> <u>Environmental </u><u>Research--</u></h2>

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4 0
2 years ago
On January 1, 2019, Metco Inc. reported 268,000 shares of $5 par value common stock as being issued and outstanding. On March 24
elena55 [62]

Answer:

The number of shares of stock issued in the stock dividend is 5,312.20 shares.

Explanation:

This can be determined as follows:

Number of shares before stock dividend = Number of shares reported on January 1, 2019 - Number of shares purchased for its treasury on March 24, 2019 + Number of treasury shares were sold on August 19, 2019 = 268,000 - 3,000 + 610 = 265,610

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Therefore, the number of shares of stock issued in the stock dividend is 5,312.20 shares.

7 0
2 years ago
Ken's lawn service co. operates in a perfectly competitive market. why doesn't ken try to increase his revenue by lowering his p
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High levels of competition characterize the market in which Ken's Lawn Service Co. operates. Why doesn't Ken strive to increase his revenue by lowering his pricing below the competitive market price given that he can sell as much as he wants at it

Perfect competition market  refers to a fictitious market structure. A scenario with perfect competition excludes monopolies. The following characteristics of this kind of structure are crucial: Each business is a price taker (they cannot influence the market price of their products).Market share has no bearing on price adjustments. The products being sold and the prices being charged in the past, present, and future are all fully known to the customers

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3 0
1 year ago
The treasurer of a major U.S. firm has $40 million to invest for three months. The interest rate in the United States is .28 per
diamong [38]

Answer:

Check the explanation as follows.

Explanation:

a) If it is invested in US

Current= $40 million

Interest rate= 0.28% p.m

Interest for 1 month= $40 million*0.28%= $0.112 million

Interest for 3 months= $0.112*3= $0.336 million

Total value after 3 months= $40 million+$0.336 million = $40336000.

b) If it is invested in Great Britain.

Convert $40 million into Pounds= $40 million*0.639 = Pound 25.56 million

Ivest in Great Britain for 3 months @ 0.32%

Interest per month= 25.56 million*0.32% *3 = 0.245376

Total Pounds after 3 months= Pound 25.805376

Convert into $= 25.805376/0.642 = $40195289.7156

Value if invested in great britain= $40195289.7156

8 0
2 years ago
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