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stealth61 [152]
3 years ago
10

All Kiwi Ltd (a New Zealand-based company) has a wholly-owned subsidiary in Malaysia whose manager is being evaluated on the bas

is of the variance between actual profit and budgeted profit in New Zealand dollars (NZD). Relevant information in Malaysian ringgit (MYR) for the current year is as follows: Budget Actual Revenues MYR 12,000,000 MYR 11,000,000 Expenses 9,000,000 9,000,000 Current year actual and projected exchange rates between the New Zealand dollar (NZD) and the Malaysian ringgit (MYR) are as follows: Actual at time of budget preparation NZD 0.312 per MYR 1 Projected ending at time of budget preparation NZD 0.340 per MYR 1 Actual at end of budget period NZD 0.357 per MYR 1 Required: Calculate the total budget variance for the current year using a projected exchange rate (projected at the time the budget is prepared).
Business
1 answer:
Ulleksa [173]3 years ago
7 0

Answer:

Variance (Unfavorable) (NZD 340,000)

Explanation:

Budget Variance using exchange rate projected at the time of budget

                   Budget        Actual        Variance   Exc. Rate   Variance in NZD

                    MYR            MYR

Revenue  12000000   11000000    -1000000      0.34            -340000

Expenses  9000000   9000000          0               0.34                  0

Profit        3000000    2000000    -1000000      0.34            -340000

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the time period between when a registration is filed with the securities and exchange commission (sec) and the effective date is
katrin2010 [14]

The required holding period must be satisfied first. The holding period for a public company is six months, and it starts on the day that a holder purchases and pays in full for securities. The holding period is one year for a business that is exempt from SEC filing requirements

The cooling-off period.

<h3>What does registration with the Securities and Exchange Commission SEC require?</h3>
  • A description of the company's assets and operations, a description of the security being offered for sale, and other pertinent information are all included in the registration forms that a company submits to the SEC. information on the organization's management; and.
  • The required holding period must be satisfied first. The holding period for a public company is six months, and it starts on the day that a holder purchases and pays in full for securities. The holding period is one year for a business that is exempt from SEC filing requirements.

To learn more about : Organization's management

Ref : brainly.com/question/28072798

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4 0
1 year ago
A leveraged buyout (LBO) Multiple Choice is based on an expectation that the new private owners will not restructure the company
pochemuha

Answer:

Changes the ownership structure of a company from public to private.

Explanation:

A leveraged buyout (LBO) is the acquisition of another company using a significant amount of borrowed money to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loans, along with the assets of the acquiring company.

It is known to change the ownership structure of a company from public to private.

This is because it isn't usually sanctioned by the target company. It is also seen as ironic in that a company's success, in terms of assets on the balance sheet, can be used against it as collateral by a hostile company.

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3 years ago
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Suppose that GDP is $50 million in 2015 but falls to $48 million in 2016, and that no changes in personal consumption expenditur
Minchanka [31]

<u>Solution and Explanation:</u>

GDP is calculated as follows:

Y = C + G + I + NX

where

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It is mentioned that in 2015, GDP was 50 million and in 2016, it was 48 million without any change in the factors except NX. It means the net exports that is the difference between export and the import of the country has changed and it has fallen by 2 million.

8 0
3 years ago
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