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wariber [46]
3 years ago
12

jasper Corp. converts $1,000,000 into euros when the exchange rate is $1 = €0.75. After three months, the company converts this

back into dollars when the exchange rate is $1 = €0.80. What is the outcome of this transaction?
Business
1 answer:
riadik2000 [5.3K]3 years ago
8 0

Answer:

net loss of $62,500

Explanation:

Today Jasper converted $1,000,000 into 750,000€ ($1 = €0.75)

In three months from now, Jasper turned the 750,000€ into $937,500 ($1 = €0.80). ⇒ 750,000 / 0.80 = 937,500

The result of these transactions is a net loss = $937,500 - $1,000,000 = -$62,500.

The net loss happened because the euro depreciated against the US dollar, i.e. it lost value.

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The following financial information was summarized from the accounting records of Buddy Corporation for the current year ended D
Nat2105 [25]

Answer:

(a) $56,730

(b) $36,330

(c) $ 51,800

(d) $24,800

(e) $36,230

Explanation:

(a) Gross profit for the Dalmatian Division:

= Net sales - Total Cost of goods sold

= $87,000 - $30,270

= $56,730

(b) Income from operations from the Dalmatian Division:

= Gross Profit - Direct operating expenses

= $56,730 - $20,400

= $36,330

(c) Gross profit for the Beagle Division:

= Net sales - Total Cost of goods sold

= $99,000 - $47,200

= $ 51,800

(d) Income from operations from the Beagle Division:

= Gross Profit - Direct operating expenses

= $51,800 - $27,000

= $24,800

(e) Total income from operations;

= $36,330 +  $24,800

= $61,130

Earnings before interest and taxes:

= Total income from operations - General overhead

= $61,130 - $18,160

= $42,970

Earnings before taxes:

= Earnings before interest and taxes - Interest expense

= $42,970 - $2,040

= $40,930

Net income = Earnings before taxes - Income taxes

                    = $40,930 - $4,700

                    = $36,230

6 0
3 years ago
Toby has lost valuable data on his computer a number of times due to system crashes caused by viruses. He decides to invest in a
3241004551 [841]

Answer:

d. license

Explanation:

Software license -

It refers to the legal information , that claims for the usage of the particular softwares , is referred to as software license .

Using any software without the proper license , is an illegal practice .

All the software consists of a copyright protection , which disables the people from illegally copying or using the software .

Hence , from the given scenario of the question ,

The correct answer is d. license .

5 0
3 years ago
Does compound interest have more of an impact for short-term investments or long-term investments? Why?
vaieri [72.5K]

Answer:

Compound interest have more of an impact for <em>long-term</em> investments

Explanation:

Interest earn on the principal for one period (P) is the same for compound and non-compound interest

The <u>non-compound interest</u> of period n is is the sum of P for all n periods: P*n

<u>Compound interest</u> is the result of reinvesting interest.

The compound interest of period n (I_{n}) = interest earned on the principal (P) + interest on <em>previously accumulated interest of n-1 periods</em> (I_{n-1}), where...

...<em>previously accumulated interest of n-1 periods</em> (I_{n-1})= interest earned on the principal (P) + interest on <em>previously accumulated interest of n-2 periods</em> (I_{n-2})

... and so on backward to the interest of period 1 = interest earned on the principal (P) = non-compound interest of period 1

It can be seen that the less (more) time pass, the less (more) the gap between compound interest and non - compound interest

5 0
4 years ago
May a broker subtract desk expenses from an independent contractor's commission check?
Pavel [41]

Sales representatives and brokers should work under a signed labor agreement that may or may not permit broker deductions.

How Do Brokers Work?

A broker is a person or business that stands between a potential investor and a securities exchange. Individual traders and investors require the services of exchange members since securities exchanges only accept orders from people or companies who are members of that exchange.

Brokers offer that service and are paid in a variety of methods, including commissions, fees, or payments from the exchange itself. To assist investors in deciding which broker is best for them, Investopedia routinely examines all of the major brokers and keeps a list of the top online brokers and trading platforms.

to know more about broker

brainly.com/question/17011472

#SPJ4

7 0
2 years ago
If cash dividends of $135,000 were paid during the year and the company sold 1,000 shares of common stock at $30 per share, the
yaroslaw [1]

Answer:

False

Explanation:

the statement of cash flows would report net cash flow from financing activities -105,000

Hope this was helpful please vote with thanks please

7 0
3 years ago
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