sophiaroeloffs4348
28.05.2021 •
Business
Pencil Corp uses the US dollar as its functional currency. The receivable is not hedged. At December 31, 2020 Pencil has the following foreign currency balances:
Accounts Receivable (due in 3 months) FC 30,000
Inventory (at cost) FC 20,000
Fixed Assets FC 10,000
The following exchange rates were in effect:
December 31 spot rate: 1FC = .6 US
December 31 three month forward rate: 1FC .5 US
Historic rate: 1FC .7 US
Average exchange rate (2020). 1FC .8 US
What is the US dollar equivalent for the total of Accounts Receivable, Inventory and Fixed Assets that will be reported by Pencil on its December 31, 2020 balance sheet.
a $102,857.
b. 6.539,000.
c. $60,000.
d. $92,857.
e. 535,000.
Solved
Show answers
More tips
- F Family and Home How to Choose Suitable Windows for Your Home?...
- C Computers and Internet Why is Yandex s robot Bless.yandex.ru Important?...
- F Food and Cooking Fresh and Easy Lemonade in 10 Minutes...
- S Sport How to wrap boxing hand wraps? Everything you need to know!...
- F Family and Home How to Sew Curtain Tapes: Best Tips from Professionals...
- A Animals and plants How to Grow Lime from a Seed: Simple Tips and Interesting Facts...
- C Computers and Internet How to Create a Folder on Your iPhone?...
- G Goods and services How to sew a ribbon: Tips for beginners...
- F Food and Cooking How to Make Mayonnaise at Home? Secrets of Homemade Mayonnaise...
- C Computers and Internet Which Phone is Best for Internet Surfing?...
Answers on questions: Business
- B Business Herbie inc., a firm manufacturing sandwich makers, has fixed costs of $250,000, variable costs of $20 per unit of output, and expected unit sales of 50,000 units. what...
- B Business Alta Loma Industries has three product lines, A, B, and C. The following information is available: A B C Sales $100,000 $90,000 $36,000 Variable costs 76,000 48,000 27,000...
- B Business 6. Assuming that the current interest rate is 3 percent, compute the present value of a five-year, 5 percent coupon bond with a face value of $1,000. What happens when...
- B Business Sea Company reports the following information regarding its production costs: Units produced 42,000 units Direct labor $ 35 per unit Direct materials $ 28 per unit Variable...
- B Business The 2016 balance sheet of Sharapanda s Tennis Shop Inc. showed $800,000 in the common stock account and $3.98 million in the additional paid-in capital (capital surplus)...
- B Business Find the interest rates earned on each of the following. Round each answer to two decimal places. You borrow $750 and promise to pay back $780 at the end of 1 year. %...
- B Business A company s Inventory balance at the end of the year was $204,200 and $218,000 at at the beginning of the year. Its Accounts Payable balance at the end of the year was...
- B Business Nancy s Notions pays a delivery firm to distribute its products in the metro area. Delivery costs are $26,000 per year. Nancy can buy a used truck for $11,000 that will...
- B Business Unscheduled absenteeism has climbed to its highest levels in the XYZ Company last month. In order to reduce costs, HR professionals in the XYZ Company changed their paid...
- B Business Identify which of the following statements are true for the corporate form of organization. (You may select more than one answer. Single click the box with the question...
Ответ:
b. $39,000.
Explanation:
Inventory & Fixed assets will be recognized at historic rate.
Accounts receivable will be recognized at closing rate.
Accounts receivable = FC 30,000 * 0.7
Accounts receivable = $21,000
Inventory = FC 20,000 * 0.6
Inventory = $12,000
Fixed assets = FC 10,000 * 0.6
Fixed assets = $6,000
Total = Accounts receivable + Inventory + Fixed assets
Total = $21,000 + $12,000 + $6,000
Total = $39,000
Ответ:
Looting after disasters.
In armed conflict.
Archaeological removals.
Looting of industry.
Wealth redistribution
Explanation:
https://en.wikipedia.org/wiki/Looting