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ANTONII [103]
2 years ago
10

On November 15, 20X3, Chow Inc., a U.S. company, ordered merchandise FOB shipping point from a German company for €200,000. The

merchandise was shipped and invoiced on December 10, 20X3. Chow paid the invoice on January 10, 20X4. The spot rates for euros on the respective dates were
Business
1 answer:
Marizza181 [45]2 years ago
4 0

Answer:

$4,000 gain

Explanation:

Some information was missing:

the spot rates for euros were:

  • November 15, 20X3 $0.4955  per €1
  • December 10, 20X3 $0.4875  per €1
  • December 31, 20X3  $0.4675  per €1
  • January 10, 20X4 $0.4475  per €1

In Chow's December 31, 20X3, income statement, the foreign exchange gain is ?

the goods costed €200,000 x 0.4875 = $97,500 on December 10, 20x3

the goods costed €200,000 x 0.4675 = $93,500 on December 31, 20x3

Since the goods were sold FOB shipping point, we have to use the shipping date (December 10) to calculate the original price. By December 31, the price in US dollars had decreased by $4,000 resulting in a foreign exchange gain.

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Though Miguel relies on his stockbroker to execute his buy and sell orders for shares of stock, he has found that the process of
spin [16.1K]

Answer:

The correct answer is Seconds.

Explanation:

Transactions on the stock exchange have a very volatile dynamic, and the times in which the transactions are generated are usually very short due to the volume of trading that is handled. In the case of stocks taking into account the level of reputation of a stock exchange, it is very common that striking prices are managed that end up producing the movements in a minimum short time.

4 0
2 years ago
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River City Recycling just paid its annual dividend of $1.15 per share. The required return is 12.3 percent and the dividend grow
Tasya [4]

Answer:

10.34

Explanation:

This question refers to Dividend Growth Rate with respect to Stock valuation

The model estimates the dividends over a defined period based on an assumed growth rate to determine the future value of the stock.

The formular to calculating the expected value is as follows

\frac{Dividend Amount(1+Rate)^{Years}  }{Expected Return - Rate}

Please note:

Expected return and Rate are expressed in percentage i.e divided by 100.

Fitting into the formular:

\frac{1.15(1+0.0075)^{5} }{0.123 - 0.0075}

The resulting answer = 10.34

6 0
2 years ago
Which Act was enacted as a response to the rising level of unsecured consumer debt?
musickatia [10]
The Credit Card Accountability, Responsibility, and Disclosure Act of 2009 or also known as the Credit CARD Act was passed on May 22, 2009. This act will make it easier for the consumers to settle their credit card liability balances. This is made as an answer to the increasing number of consumer debt.
7 0
2 years ago
Acme LLC has already paid $10,000,000 in Research & Development costs. Unfortunately, times have changed. Since they started
nika2105 [10]

Answer:

he best course of action for Acme to take would be to produce the 1,000,000 products as the accountants have stated

Explanation:

Based on the information provided, the best course of action for Acme to take would be to produce the 1,000,000 products as the accountants have stated. From solely taking into account the fixed costs of producing the products, if the company were to produce the desired amount and sell them they would recover a total of 8,000,000 from the costs that they have incurred in Research & Development. This is not taking into account the variable costs that may be incurred, still, they recover much of what they have already spent.

8 0
2 years ago
Shirts.com makes business dress shirts. The shirts could have defects in various ways including in the weave or color of the fab
fredd [130]

Answer: c.) Yes, the process is in control.

Explanation:

For the process to be in control, the number of defects have to be between the Upper Control Limit and the Lower Control limits of the c-chart which can be used to measure defects of irregularities per unit.;

UCL = C-bar + z*√(c-bar)

LCL = C-bar - z*√(c-bar)

C - Bar = \frac{Number of Dfects}{Number of shirts}

C - Bar = \frac{4+6+3+1+5+6+4+6}{8}

C - Bar = 4.375

z = 3 when using the 3 sigma control

UCL = C-bar + z*√(c-bar)

UCL = 4.375 + 3 * √(4.375)

UCL = 10.65

LCL = C-bar - z*√(c-bar)

LCL = 4.375 - 3 * √(4.375)

LCL = -1.9

LCL = 0 (Lower limit minimum should be 0 at least)

Defects are within the control limits. The process is in control.

6 0
2 years ago
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