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2 years ago

Read the following descriptions and identify the type of risk or term being described:

Business

1 answer:

vagabundo [1.1K]2 years ago

7 0

Answer:

Foreign exchange risk

Explanation:

These are the risks that an international financial transaction could accrue because of fluctuations in the currency.

A standard measure of the risk per unit of return and this type of risk relates to fluctuations in exchange rates.

Therefore, according to the following descriptions, the type of risk or term being described is Foreign exchange risk.

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The following differences enter into the reconciliation of financial income and taxable income of Abbott Company for the year en

adoni [48]

Answer:

Abbot makes a savings of $74,000 in the current year.

Review full presentation of answers in the attaches

Explanation:

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3 years ago

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On May 1, 2021, Meta Computer, Inc., enters into a contract to sell 4,100 units of Comfort Office Keyboard to one of its clients

Harrizon [31]

Answer:

Journal Entry

Explanation:

1. There are two obligations in this contract

a. keyboard

b. Customer option for future discount

2. Cash Dr, $69,700

To Deferred revenue - keyboard $66,215

To Deferred revenue - discount coupon $3,485

(Being cash is recorded)

Working note:-

Keyboards = 4,100 × $19

= $77,900

Option = $41,000 × (0.25 - 0.05) × 0.50

= $4,100

Allocation

For keyboard

= $77,900 ÷ ($77,900 + 4,100)

= 0.95

Deferred revenue Keyboard = $69,700 × 0.95

= $66,215

Option = 4,100 ÷ ($77,900 + 4,100)

= 0.05

Deferred revenue - discount coupon = $69,700 × 0.05

= $3,485

3. Cash Dr, $69,700

To Deferred revenue Keyboard $69,700

(Being cash is recorded)

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3 years ago

Devin Company has the following data for their budget and actual performance. Actual Master budget Master Budget Variance Sales

snow_tiger [21]

Answer:

The operating income master budget variance 6687 Unfav

Explanation:

Devin Company

Actual Vs. Budget Performance Report

For the year

Actual Master Master Budget

Performance budget Variance

Sales 150,298 155,842 5544 Unfavorable

Variable Costs 65,548 63,937 1611 Unfav

Fixed Costs 12,007 12,475 468 Fav

Operating Income 72743 79430 6687 Unfav

The operating income master budget variance is unfavorable because actual operating income is less than the budget operating income .

When the actual sales revenue is less than the budgeted revenues the variance is unfavorable.

When the actual costs are more than the budgeted costs the variance is unfavorable, and favorable when the actual costs are less than the budgeted costs.

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3 years ago

On December 31, 2021, the end of the fiscal year, California Microtech Corporation completed the sale of its semiconductor busin

Hunter-Best [27]

Answer and Explanation:

The preparation of the lower portion is presented below:

Income from the continuing operation

before income tax $7,800,000

Less: Income tax expenses ($7,800,000 × 25%) (1,950,000)

Income from continuing operation(A) 5,850,000

Discontinued operation:

Loss from operation discontinued components

($15 - $13 - $4.8) ($2,800,000)

Income tax benefits ($2,800,000 × 25%) $700,000

Loss on discontinued operation(B) ($21,000,000)

Net loss (A - B) -$15,150,000

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2 years ago

Which of the following activities is an example of gathering data by observation?

s344n2d4d5 [400]

From the given options, the activity which exemplifies gathering data by observation is option D: Measuring how many parts workers assemble in an hour. This is the best answer as it uses senses to observe people in naturally occurring situation — according to the definition of observation as a data collection method.

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3 years ago

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