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KonstantinChe [14]
3 years ago
7

A subsidiary of Porter Inc., a U.S. company, is located in France. The functional currency of this subsidiary is the dollar. The

subsidiary acquired inventory on credit on November 1, 2020, for 200,000 Euro. The inventory was sold on January 17, 2021 for E250,000. The subsidiary paid for the inventory on January 31, 2021. Currency exchange rates between the dollar and the Euro were as follows:
November 1, 2019 E1=1.32
December 31, 2019 E1=1.30
January 17, 2020 E1= 1.21
October 1, 2018 E1=1.35
December 31, 2018 E1=1.15
The inventory balance for this inventory in Porter's consolidated balance sheet at December 31, 2019 was _________
Business
1 answer:
MrRissso [65]3 years ago
7 0

Answer:

$0

Explanation:

According to the scenario, computation of the given data are as follows,

Date of acquire = November 1,2020

Inventory sold on date = January 17,2021

Payment for inventory = January 31,2021

So, inventory balance for the given inventory in Porter's consolidated balance sheet on December 31,2019 was $0, because there was no transaction done on or before December 31,2019.

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Dreary Credit Agency uses a standard cost system for the processing of its credit applications. The labor standard at Dreary is
adell [148]

Answer:

The labor efficiency variance for this last pay period was $1,200 Favorable.

Explanation:

In order to calculate Dreary's labor efficiency variance for this last pay period, we have to calculate first the standard hours allowed for actual work using the following formula:

Standard hours

allowed  for actual work= ( <u>Total number of applications )</u>   ×     number of

                                           Standard number of applications    hours worked

                                         = <u>(2.500 applications)</u>× 8 hours

                                                 10 applications

                                         =2,000 hours

After having calculated the Standard hours allowed  for actual work, we can calculate the labor efficiency variance using the following formula:

labor efficiency variance= (Actual hours worked-Standard hours allowed  for actual work)× standard rate

                                       = (1,920-2,000)×$15

                                       =-$1,200

The Labor efficiency variance is $1,200 Favorable.

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​

4 0
3 years ago
. Relaciona el éxito o fracaso que han tenido las industrias con la jerarquía de las necesidades de la pirámide de las Necesidad
goblinko [34]

Answer:

Las respuestas  a cada pregunta se detallan en la explicación.

Explanation:

1.Hoy en dia al gran proceso de globalización que enfrentamos,las industrias de la tecnología industrial  han logrado acoplarse muy bien dentro de la estructura jerárquica de la escala de Maslow como necesidades de seguridad,es decir que es muy importante que sepamos utilizarla por ejemplo en el caso de la tecnología móvil o GSM ( un portátil,un celular,una impresora); para de esta manera realizar de manera correcta determinadas funciones dentro de una empresa y así poder conservar nuestros empleos y por consiguiente cubrir nuestras necesidades de alimentación,techo  y abrigo ,pero no solo nuestras necesidades básicas sino también  las de nuestra familia.

2.Industria de la tecnología: Ofrece diversos productos en el mercado como son:

-<em>celulares de toda gama</em>

<em>-Computadores portátiles.</em>

<em>-Tablets</em>

<em>-Automatización o Robótica</em>

<em>-Nanotecnología</em>

<em>-Aviación.</em>

3 0
4 years ago
9. WACC. True or false? a. If a company uses its company cost of capital to value all projects, it will overestimate the value o
melamori03 [73]

Answer:

a. If a company uses its company cost of capital to value all projects, it will overestimate the value of high-risk projects.

Explanation:

Please see attachment

Download pdf
4 0
3 years ago
Home Corporation will open a new store on January 1. Based on experience from its other retail outlets, Home Corporation is maki
andriy [413]

Answer:

$97,000

Explanation:

The computation of the total cash receipts for the month of April is shown below:

= Cash sales in April + (Credit sales in February × following second month percentage) + (Credit sales in March x following month percentage)

= $40,000 + ($50,000 x 30%) + ($60,000 x 70%)

= $40,000 + $15,000 + $42,000

= $97,000

We simply added the cash sales for one month and the credit sales for two months so that the total cash receipts could come

3 0
4 years ago
Abby Burke has created custom statues made out of scrap metal for over ten years. Abby has kept detailed records of every statue
horrorfan [7]

Answer:The correct option is C. Update Anomaly.

Explanation: An update anomaly is a kind of data anomaly, it is the phenomenon in which a data inconsistency results from data redundancy and a partial update.

Case in point, the situation whereby each employee in an organization is associated with a department and also the student group they participate in.

Another example can be seen in the scenario presented above, whereby there seems to be an error of associating one person who bears the name of Mike Mulligan to different purchases at different points in time.

8 0
4 years ago
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