B. Aids to trade

You are reviewing your client’s Multicurrency company Balance Sheet, and the balance as of the previous fiscal year-end for thei

qaws [65]

Answer:

Foreign exchange loss

Explanation:

A foreign exchange gain/loss is normal for companies that operate in foreign countries. E.g. you prepared your financial statements by converting the foreign currency into your local currency, in this case you converted Canadian dollars to US dollars. But then the exchange rate between the currencies changes. If the value of the Canadian dollar's value increased after conversion, then you gained, and an adjustment must be made to show that gain. But if the Canadian dollar's value decreased after the conversion, then you lost (what happened here) and an adjusting entry must be made to report the loss.

In order to correct his, you must:

Dr Foreign exchange gain/loss 10

Cr Canadian bank account 10

4 0

3 years ago

The Executive Director of Operations has assigned Joe Tanney the role of Team Leader for a high priority project. The task is to

svetlana [45]

Answer: Dysfunctional conflict

Explanation:

This is a team conflicts that have negative consequences on the firm.

The conflict is not multicultural because their cultures doe have an impact on the conflict results, it's equally not functional because it's not bringing in a positive results, Both gender and intergroup do not also have an effect on the conflict.

5 0

3 years ago

A small delivery truck was purchased on January 1 at a cost of $25,000. It has an estimated useful life of four years and an est

Blababa [14]

Answer:

depreciation expense accumulated deprecation book value

$5,000 $5,000 $20,000

$5,000 $10,000 $15,000

$5,000 $15,000 $10,000

$5,000 $20,000 $ 5000

Explanation:

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

($25,000 - $5000) / 4 = $5,000

Book value in year in subsequent years = previous book value - that year's depreciation expense

Year 1's book value = $25,000 - $5000 = $20,000

Year 2's book value = $20,000 - $5000 = $15,000

Year 1's book value = $15,000 - $5000 = 10,000

Year 1's book value = $10,000 - $5,000 = $5,000

Accumulated depreciation is sum of depreciation expense

Year 1 = 5,000

year 2 = 5000 x 2 = 10,000

year 3 = 5000 x 3 = 15,000

year 4 = 5000 x 4 = 20,000

6 0

3 years ago

Wanda is organizing an Employee Appreciation Day event and is soliciting vendors to provide food and drinks. There are 638 emplo

DedPeter [7]

In this case, Wanda can calculate the revenue for her Employee Appreciation Day event by using this formula:

revenue = [(number of employees of the company) + (½ x number of employee of the company)] x event price
x = [(638) + (319)] x 2
x = 952 x 2
x = $1,914

Thus, Wanda’s expected revenue is $1,914, assuming that half of the employees are married and will be attending the Employee Appreciation Day alongside their spouse.

6 0

3 years ago

NBB's focus on sustainability, whimsy, and fun is clearly rooted in its Colorado-based culture and the ethos of its founders and

Assoli18 [71]

Answer:

To help expand New Belgium’s brand(NBB) image to consumers in different other parts of the country, NBB will have to link advertisements to the company’s social network pages. This would be the most efficient and effective way to stream advertisement to new countries, or different other parts of the country.

Explanation:

NBB carries a strength of knowing their brand. With an expansion making use of branding and communication strategies, they would have succeed in their goal of being a unique culture remaining committed to their initial mission of being a fun, socially, and environmentally responsible company. For the company to maintain its whimsical and personal touch with consumers, NBB should spring forth new ideas to communicate with consumers, this will keep the customers updated and make them interested in staying loyal to the company.

8 0

3 years ago