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Leto [7]
2 years ago
8

1. On November 16, 2019, a U.S. company makes a sale to a customer in Germany. Under the sale terms, the customer will pay the c

ompany €100,000 on March 16. On November 16, the company also enters a forward contract to sell €100,000 on March 16, 2020. On March 16, the company receives €100,000 from the customer and sells it using the forward contract. The company's accounting year ends December 31. Rates on the dates specified appear below: Spot Rate Forward Rate for March 16, 2020 Delivery November 16, 2019 $ 1.250 $ 1.248 December 31, 2019 1.260 1.255 March 16, 2020 1.265 1.265 2. At what amount will the company report sales revenue on its 2019 income statement? A. $125,000 B. $125,500 C. $124,800 D. $126,000
Business
1 answer:
Vlada [557]2 years ago
4 0

Answer:

$125,000

Explanation:

Given the following resorted data from the question:  

                                          Spot Rate                   Forward Rate for

                                                                          March 16, 2020 Delivery

November 16, 2019             $1.250                               $ 1.248

December 31, 2019               1.260                                 1.255

March 16, 2020                    1.265                                  1.265

The applicable rate to use to calculate the amount the company will report sales revenue on its 2019 income statement is the spot rate ruling on the date the company made the sale to the customer in Germany, i.e. $1.250 on November 16, 2019.

Therefore, we have:

Sales revenue = €100,000 * $1.250 = $125,000.

Therefore, the amount the company will report sales revenue on its 2019 income statement is $125,000.

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Devlin Manufacturing makes a single product. Expected manufacturing costs are as follows:Variable costsDirect materials $6.50 pe
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Answer:

Manufacturing cost:                                        $

Direct material ($6.50 x 3,200)                   20,800

Direct labour ($2.40 x 3,200)                     7,680

Manufacturing overhead ($1.10 x  3,200)   3,520

Supervisory salaries                                       13,600

Depreciation                                                 5,500

Other fixed costs                                          <u>2,200</u>

Total manufacturing cost                            <u> 53,300</u>

Explanation:

Total manufacturing cost is the aggregate of direct material, direct labour,variable manufacturing overhead and fixed costs. Fixed costs include supervisory salaries, depreciation and other fixed costs. Direct material cost per unit, direct labour cost per unit and manufacturing overhead cost per unit should be multiplied by the budgeted units per month.                      

7 0
2 years ago
The 4 basic conditions set up in a functional analysis are: a. Alone, extinction, demand, and gain b. Alone, attention, demand,
Vladimir [108]

Answer: b. Alone, attention, demand, and tangible

Explanation:

There are four basic conditions used in functional analysis they are known as three test conditions

1. social positive (attention),

2. social negative (escape),

3. alone

4. control condition play.

Each test conditions are usually carried out one at a time in turns or arrangements to known which conditions would predict the result in problem behaviours scenerios. The results guides teachers and professionals in determining alternative skills to teach which would lead to a decrease in problematic behaviours. An advantage functional ability has is it ability to identify problematic behaviours.

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2 years ago
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Consider Paul's decision to go to college. If he goes to college, he will spend $90,000 on tuition, $15,000 on room and board, a
Katen [24]

Answer:

B. $123,000

Explanation:

The computation of the Paul's cost of going to college is presented below:

= Tuition fees + room and board charges + books expenses + earning as a construction job - room and board charges

= $90,000 + $15,000 + $7,000 + $22,000 - $11,000

= $123,000

We simply deduct the room and board charges while working as a construction job and the other items would be added

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2 years ago
At the beginning of 2009, Glass Manufacturing purchased a new machine for its assembly line at a cost of $600,000. The machine h
nikdorinn [45]

Answer:

A. $55,000.

Explanation:

The cost of the new machine in 2009 is $600,000

The residual value was $50,000

Useful life is ten years

Under the straight-line depreciation method, the depreciation amount in 2020  will be

The depreciable amount the machine cost - residual value

= $600,000 - $50,000

= $550,000

The depreciation rate will be 1/10 year x 100 = 10%

depreciation per year will be 10% x 555,000

=10/100 x 550,000

=$55,000

Depreciation 2010, the second year will $55,000 since the depreciation amount is a constant figure under the straight-line method.

8 0
2 years ago
Diana Industries, Inc. (DII), developed standard costs for direct material and direct labor. In 2010, DII estimated the followin
krok68 [10]

Answer:

Explanation:

Labor Rate Variance = (Budgeted Rate-Actual Rate) * Direct manufacturing labor hours

= (15 - 15.25)* 500

= 125 Unfavorable

7 0
2 years ago
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