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Leto [7]
1 year 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]1 year 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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Sally's Chocolate Company makes gourmet cupcakes which are sold by the dozen. Compute the standard cost for one dozen cupcakes,
Andrej [43]

Answer:

The correct answer is $15.69.

Explanation:

According to the scenario, computation of the given data as follow:-

We can calculate the cupcake sold by the dozen by using following formula:-

Cost for a dozen cupcake = Direct material  + Direct labor + Factory OH

Where,

Direct material = 4.25 × $0.56 = $2.38

Direct labor = 1.10 × $8.30 = $9.13

Factory overhead = 1.10 × $3.80 = $4.18

By putting the value in the formula, we get

= $2.38 + $9.13 + $4.18

= $15.69

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Michelle has the following monthly expenses 490 dollars in rent $300 in groceries $90 in movies $69 in clothes $130 cellphone $9
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Michelle doesn't have to see $90 worth a movie a month, and she could mostly cut that one out, if not completely. She could also see if she is able to lower her internet and/or television bill by downgrading plans.

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1 year ago
From the set $\{1, 2, 3, \dots, 20\},$ ten numbers are chosen at random, forming a subset. Let $M$ be the largest element among
Marysya12 [62]

The largest element can be as small as 10, which happens when the subset is {1, 2, ..., 10}.  The probability of choosing this subset is (1/2)^10 = 1/1024.  (Every element from 1 to 10 can either be in the subset, or not.)

The largest element can also be 11.  All the numbers in the subset must be from 1 to 10, and we must choose 1 to leave out, so the probability that the largest element is 11 is C(10,1)*1/1024.

The largest element can also be 12.  All the numbers in the subset must be from 1 to 11, and we must choose 2 to leave out, so the probability that the largest element is 12 is C(11,2)*1/1024.

We can do the other cases similarly:

Largest element is 13 -> C(12,3)*1/1024

Largest element is 14 -> C(13,4)*1/1024

Largest element is 15 -> C(14,5)*1/1024

Largest element is 16 -> C(15,6)*1/1024

Largest element is 17 -> C(16,7)*1/1024

Largest element is 18 -> C(17,8)*1/1024

Largest element is 19 -> C(18,9)*1/1024

Largest element is 20 -> C(19,10)*1/1024

Adding these up, we get (1 + C(10,1) + C(11,2) + ... + C(19,10))*1/1024.  Since 1 = C(9,0), we also get (C(9,0) + C(10,1) + C(11,2) + ... + C(19,10))*1/1024.

By the Hockey Stick Identity, C(9,0) + C(10,1) + C(11,2) + ... + C(19,10) = C(20,10), so the expected value of the largest element is 1/11*C(20,10)*1/1024 = 4199/256.

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Ryan always skims through his lesson before a test. What is he doing by skimming?
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D. Reading everything very quickly
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Explain why two employees at a company, earning the same gross pay, might have different net pays.
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