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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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DerKrebs [107]

Answer:

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The Duplicates Payable represents a Liability in Andorinha Ltd records.

When Andorinha Ltda paid a cash duplicate in the amount of R$500.000 the entries recorded will be :

Trade Payable-Duplicates R$500.000 (debit)

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8 0
2 years ago
Your birthday is next week and instead of other presents, your parents promised to give you $2,200 in cash. Since you have a par
vfiekz [6]

Answer:

Interest revenue from the CD 470.04

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we will calcualte the future value of the CD and from there calculate the interest:

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rate 0.02450 (9.8% divided by 4 quarter per year)

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3 0
3 years ago
an investor buys a 10000 par 4.25 percent annual coupon tips security with three years to maturity. if inflation every sic month
mr_godi [17]

Answer:

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8 0
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Based on the information given the wall is an example of a(n) physical barrier.

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Wall  is an example of physical barrier as they can prevent effective communication thereby by making it hard for the receiver to hear what the sender communicated to him or her.

Inconclusion  the wall is an example of a(n) physical barrier.

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8 0
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