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hram777 [196]
3 years ago
12

Jackson Corp. (a U.S.-based company) sold parts to a Korean customer on December 16, 2021, with payment of 20 million Korean won

to be received on January 15, 2022. The following exchange rates applied:
Date Spot Rate Forward Rate to Jan.15
December 16, 2021 $ 0.00082 $ 0.00089
December 31, 2021 0.00080 0.00083
January 15, 2022 0.00086 0.00086
Assuming a forward contract was entered into, the foreign currency was originally sold in the foreign currency market on December 16, 2021 at a:
Business
1 answer:
Stolb23 [73]3 years ago
5 0

Answer:

The correct option is (b)

Explanation:

According to the scenario, the foreign currency that original sold at the market is shown below:

= (Forward rate to Jan 15 - Spot rate) × paymen made

= ($0.00089 - $0.00082 ) × 20 million

= $0.00007 × 20,000,000

= $1,400 premium

hence, the foreign currency that originally sold at the market is $1,400 premium

Therefore the correct option is (b)

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Data concerning Odum Corporation's single product appear below:
Len [333]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Selling price per unit $210.00

Variable expense per unit $92.40

Fixed Expense per month $130,536

To calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 130,536/ (210 - 92.4)

Break-even point in units= 1,110 units

6 0
3 years ago
Michael receives a monthly salary of $2500 plus a commission of 2% of total orders written. If his orders for the month were $34
Bumek [7]

Answer:

$3,180

Explanation:

Monthly salary would be the base salary = $2500

Since he would earn 2% of all orders, calculate the dollar value of the commission when total orders amount to $34000;

Commission = 2% *34000 = $680

His total pay would be calculated by adding the base salary to the commission amount;

Total pay = base salary + commission

Total pay = $2500 + $680

Total pay = $3,180

7 0
3 years ago
The following data were taken from the financial statements of Gates Inc. for the current fiscal year. Property, plant, and equi
Alex Ar [27]

Answer:

Ratio of fixed assets to long-term liabilities  = fixed assets / long term liabilities = $971,600 / $694,000 = 1.4

Ratio of liabilities to stockholders' equity = total liabilities / stockholders' equity = $834,000 / $2,780,000  = 0.3

Asset turnover = net sales / average total assets = $21,141,000 / [($3,614,000 + $3,433,000)/2] = 6  

Return on total assets = (net income + interest expense) / average total assets =  ($386,000 + $41,640) / [($3,614,000 + $3,433,000)/2] = 12.14%

Return on stockholders’ equity = net income / average stockholders' equity = $386,000 / [($2,780,000 + $2,558,000) = 14.46%

Return on common stockholders' equity = net income / average common stockholders' equity = $386,000 / [($1,946,000 + $1,724,000) = 21.04%

8 0
3 years ago
The standard direct labor cost per unit for a company was $24 (= $15 per hour × 1.6 hours per unit). During the period, actual d
pentagon [3]

Answer:

$3,135 unfavorable

$9,937.50 unfavorable

Explanation:

The formula and the computation of the direct labor price and efficiency variance is shown below:

Direct labor price variance

= (Standard rate - Actual rate) × Actual hours of production

= ($15- $145,600 ÷ 9,500 hours )  × 9,500 labor hour worked

= ($15 - $15.33) × 9,500 labor hour worked

= $3,135 unfavorable

Labor efficiency variance is

= (Actual production - standard production) × standard rate per unit

= (6,600 units - 9,500 hours ÷ 1.6 hours) × $15

= (6,600 units - 5,937.0) × $15

= $9,937.50 unfavorable

Since the actual hours is  more than the standard one so it would lead to unfavorable variance

4 0
3 years ago
How will a new front desk manager address a problem of lateness in a hotel.​
Leya [2.2K]

Answer:

They will have a system like a lot book where they would take in the visitors details and then Mark in or out and time of arrival and leaving

Hope this helps :)

Explanation:

5 0
3 years ago
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