Answer:
d
Explanation:
Communication encompasses all the processes of transmitting information from one person to another.
In order to effectively communicate, one must analyse their audience to ensure that the message is effectively communicated.
Double declining balance
The double-declining balance method is an effective way to depreciate assets in the early years of their useful life and reduce the balance of the asset more quickly than the straight-line method. This helps companies to account for the asset's cost more accurately over time and to recognize its diminishing value as it ages.
Double-declining balance method is a method of depreciation that is an accelerated method.
The depreciation rate is twice as much as the straight-line method's depreciation rate.
This method begins with an asset's value at the beginning of its use and then decreases at a constant rate throughout its useful life until it reaches the asset's salvage value.
This depreciation method is most commonly used for assets that depreciate quickly at the beginning of their useful life and then slowly depreciate over time until they are scrapped or sold.
Assets such as computers, vehicles, and machinery are common examples of assets that use this method of depreciation.
Double-declining balance method can be calculated using the following formula:Annual depreciation = (2 / useful life in years) * book value at the beginning of the yearOrDepreciation rate = 2 / useful life in years.
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Additional short-term borrowings $ 20,000
Purchase of short-term investments 5,000
Cash dividends paid 16,000
Interest paid 8,000
Compute cash flows from financing activities using the above company information. (Amounts to be deducted should be indicated by a minus sign.)
Answer:
Cash flow from from financing activities = $(4,000)
Explanation:
The cash flow from financing activities includes that entails any or a combination of the following; issuance and redemption of stocks , issuance and redemption of debts and payment of interest and/or dividend, and receipt of dividend and or interest.
Kindly note that the purchase of short term investment is not a financing activity but rather an investing activity
Cash flow $
Short term borrowing 20,000
Cash dividend paid (16,000)
Interest paid (8,000)
Total Cash flow (4000)
Cash flow from from financing activities = $(4,000)
Match the instances to the marketing utilities that they satisfy toward value proposition.
Answer:
match place with she has her ice cream shop outside the school
match form with blends with the richest ingredients
match offers credit to school kids... with possession
match lists the nutritional value...... with information utility
Tyra loves to shop at her favorite store, Dollar Barrel, where she can find hundreds of items priced at exactly $1. Tyra has to spend and is thinking of going on a shopping spree at Dollar Barrel, but she is also thinking of investing her money.
a. Suppose the expected rate of inflation is % (so next year, everything at Dollar Barrel will cost $1.01) and Tyra can earn on money that she invests. Approximately what real rate of interest could Tyra earn if she invests her money? How many items can she buy at Dollar Barrel today, and how many can she buy a year from now if she invests her money and goes shopping later? What is the percentage increase in Tyra's purchasing power if she waits a year to go shopping? Compare your answer to the approximate real interest rate on Tyra's investment.
b. Now suppose that the expected inflation rate is % and Tyra can earn % on money that she invests over the year. What is the approximate real rate of interest that Tyra will earn? Calculate the number of items that Tyra could buy next year from Dollar Barrel if she invests her money? What is the percentage increase in her purchasing power if she waits a year to go shopping? Relate your answer back to Tyra's real rate of return.
Answer:
$40 will go towards Margaret shopping spree
Explanation:
6. The following transactions relate to Hannah Mwikali, the proprietor of Mwinnah Pastries for the month of January 2014. Jan 2 Jan 3 Jan 15 Jan 17 Acquired a new oven from Kipa Kitchens Ksh. 120,000 on credit Borrowed a loan from WEP bank Ksh. 250,000 and deposited it in an account with the same bank Sold pastries worth Ksh. 64,000 cash Bought food supplies for making pastries Ksh. 30,000 cash Record the above transactions in the books of original entry for Mwinnah Pastries for the month of January 2013. (10 marks)
the owner of Mwinnah Pastries for the month of January 2014. January 2 through January 3 and January 15 through January 17 purchased a new oven from Kipa Kitchens for Ksh. 120,000 on credit. borrowed Ksh. 250,000 from WEP bank and deposited it in an account with the same bank. 250000 Kenyan shillings worth of pastries were sold.
What is meant by Financial transaction?A financial transaction is an agreement or communication between a buyer and a seller to exchange goods, services, or assets in exchange for cash. Any transaction affects the financial situation of two or more entities, including corporations and individuals.
A financial transaction always involves one or more financial assets, most frequently cash or another expensive item like gold or silver.
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NoreCorp wants to meet a moral minimum of ethical behavior
The company could offer higher-quality products to customers for lower cost, positively impacting customers.
An agricultural manager requires work
different from that of a normal farmer in
which of the following ways?
A. being able to run farm equipment
B. being able to harvest crops
C. being able to obtain legal information on grant
programs
D. being able to raise livestock.
Answer:
C-Being able to obtain legal informational on grant programs
Explanation:
Fill in the blank.
During the assessment phase of networking, it’s best to be specific about your business _______.
Doing some research on the key players will help you make the most of business _______ or _______.
Chatting with other people at parties or meetings is a great way to make _______.
When out networking people in _______ naturally gravitate to others.
Based on what you've read, respond to the following.
List two of the qualities that help form a strong foundation for business relationships.
What are two important stages in making business connections?
Answer:
Fill in the blank.
During the assessment phase of networking, it’s best to be specific about your business _______.
Doing some research on the key players will help you make the most of business _______ or _______.
Chatting with other people at parties or meetings is a great way to make _______.
When out networking people in _______ naturally gravitate to others.
Based on what you've read, respond to the following.
List two of the qualities that help form a strong foundation for business relationships.
What are two important stages in making business connections?
When calculating (FV) Future Value of an annuity it is important to set the payment (PMT) to a __________ value.
Future Value of an annuity is calculated by setting the payment (PMT) to an equal value.
What is Future value of an annuity?This can be defined as the total value of a series of recurring payments at a specified date in the future.
Since it involves recurring payment at a fixed price, then the payment must be set to an equal value.
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If consumers start saving more rather than spending, what is most likely to happen? A Decrease in Savings, B Increase in the real interest rate, C Decrease in the Supply of loanable funds, D Decrease in the real interest rate
If the Federal Reserve institutes Contractionary Policy, which of the following is most likely to increase? A Interest rates ,B Gross Domestic Product ,C Government spending , D Tax rates
If consumers start saving more rather than spending, the most likely outcome would be a decrease in the real interest rate (option D).
If the Federal Reserve institutes Contractionary Policy, the most likely outcome would be an increase in interest rates (option A).
What happens If consumers start saving more rather than spendingThis happens because an increase in savings means that there is more supply of loanable funds in the market, which can lead to a decrease in the cost of borrowing and, consequently, a decrease in the real interest rate.
What happens if Federal Reserve institutes Contractionary PolicyIf the Federal Reserve institutes Contractionary Policy, the most likely outcome would be an increase in interest rates (option A). Contractionary policy is designed to reduce the money supply and slow down economic growth to combat inflation.
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A preparation outline is used to help organize the speaker's thoughts, ideas, and information. What is the purpose of a presentation outline? Question 14 options:
a. A presentation outline is used to provide copies of the speech to each member of the audience.
b. A presentation outline is used to present only the key points of a speech.
c. A presentation outline helps the speaker remember what to say during his or her speech.
d. A presentation outline is used to explore different patterns of organization.
The purpose of a presentation outline is to help the speaker organize and structure their speech in a clear and logical manner.The outline can also be used to help the speaker remember what they want to say during the presentation, allowing them to focus on delivering the content effectively without worrying about forgetting important details. The correct option is c.
The outline provides a framework for the content that will be presented, ensuring that all important points are covered and that the content is loaded with relevant information. Additionally, a presentation outline can be helpful for the audience as well, providing them with a clear roadmap of what to expect during the presentation and allowing them to follow along with ease.
While it may not be necessary to provide copies of the outline to each member of the audience, having a clear and organized presentation can make a big difference in how well the content is received and understood. Overall, a well-prepared presentation outline is an important tool for any speaker looking to deliver a successful and engaging presentation. The correct option is c.
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Choose all that apply.
Select the reliable sources of information.
an expert on television
loan information from your credit union
financial data from 1978
www.IRS.gov
a personal Web site
a presentation in a college finance class
Answer:
i believe it is a,d,e
Explanation:
Beverly Mills has decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accom-modate a variety of driving patterns. All the leases are for 3 years and require no money at the time of signing the lease. The first option has a monthly cost of $330, a total mileage allowance of 36,000 miles (an average of 12,000 miles per year), and a cost of $0.35 per mile for any miles over 36,000. The following table summarizes each of the three lease
options:
(See photos below)
Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
Beverly Mills decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accommodate a variety of driving patterns.All the leases are for 3 years and require no money at the time of signing the lease.
The three lease options available to Beverly Mills are as follows:
Option 1:Monthly cost: $330Total mileage allowance: 36,000 miles (an average of 12,000 miles per year)Cost for any miles over 36,000: $0.35 per mile
Option 2:Monthly cost: $460Total mileage allowance: 45,000 miles (an average of 15,000 miles per year)Cost for any miles over 45,000: $0.45 per mile
Option 3:Monthly cost: $540Total mileage allowance: 60,000 miles (an average of 20,000 miles per year)Cost for any miles over 60,000: $0.55 per mile
Therefore, Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
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Which of the following most accurately states the purpose of the accounting
cycle?
A. To provide an accurate picture of just a business's expenses and
liabilities at the end of each accounting period
B. To provide an accurate picture of a business's revenues, expenses,
assets, liabilities, and equity accounts at any point during the
accounting period
C. To provide an accurate picture of a business's revenues, expenses,
assets, liabilities, and equity accounts at the end of each
accounting period.
D. To provide an accurate picture of just a business's revenues,
assets, and equity at the end of each accounting period
Answer:C. To provide an accurate picture of a business's revenues, expenses,
assets, liabilities, and equity accounts at the end of each
accounting period.
Explanation:
what are good poem names
Answer:
It Depends.
Explanation:
It really depends on what poem you are writing. If it is a sad poem, chose words or phrases with a sad connotation. If it is a netrual poem, chose words with a neutral connotation. It is very hard to give you an answer because you gave very little explanation about what the poem is about, but at the end of the day, name the poem based on what you think it is about.
Answer:
if it is about music entitle it whatever the poem is about like if it about depression entitle it: feelings slide over me
Explanation:
Can someone explain marginal revenue, marginal cost, and profit for each quantity level to me? I don't understand anything... And then how to make a data table for it?
20 pts and brainliest if it makes sense
Jenny, who is married and the mother of three, is 25 years old and expects to work until 70. She earns $45,000 per year. Jenny expects inflation to be 3% over her working life, and the appropriate risk-free discount rate is 5%. Her personal consumption is equal to 25% of her after-tax earnings, and her combined federal and state marginal tax bracket is 15%. What is the amount of life insurance necessary for Jenny using the Human Life Value method
Answer:
$855,903.20
Explanation:
Real discounting rate=> i= [i'-f]/[1+f]. Where i is the real interest rate. i' is the nominal interest rate which is given as 5% and f is the rate of inflation
i = (5%-3%)/1+3%)
i = 2/1.3
i = 1.94%
Her after tax earnings = 45,000*(1-0.15) = $38,250
Personal consumption = 25% of this, 38,250*0.75 = $28,688.
We are discounting her earnings back 45 years at 1.94%. The equation will be: 28,688 * {1-(1+0.01940)^-45} / {0.01940}
= 28,688 * {1 - 0.42120322099] / 0.01940
= 28,688 * 29.83488551597938
= 855903.1956824165
= $855,903.20
So, the amount of life insurance necessary for Jenny using the Human Life Value method is $855,903.20
Evergreen Company sells lawn and garden products to wholesalers. The company’s fiscal year-end is December 31. During 2021, the following transactions related to receivables occurred:
Feb. 28 Sold merchandise to Lennox, Inc., for $10,000 and accepted a 10%, 7-month note. 10% is an appropriate rate for this type of note.
Mar. 31 Sold merchandise to Maddox Co. that had a fair value of $7,200, and accepted a noninterest-bearing note for which $8,000 payment is due on March 31, 2022.
Apr. 3 Sold merchandise to Carr Co. for $7,000 with terms 2/10, n/30. Evergreen uses the gross method to account for cash discounts.
11 Collected the entire amount due from Carr Co.
17 A customer returned merchandise costing $3,200. Evergreen reduced the customer’s receivable balance by $5,000, the sales price of the merchandise. Sales returns are recorded by the company as they occur.
30 Transferred receivables of $50,000 to a factor without recourse. The factor charged Evergreen a 1% finance charge on the receivables transferred. The sale criteria are met.
June 30 Discounted the Lennox, Inc., note at the bank. The bank’s discount rate is 12%. The note was discounted without recourse.
Sep. 30 Lennox, Inc., paid the note amount plus interest to the bank.
Required:
1. Prepare the necessary journal entries for Evergreen for each of the above dates. For transactions involving the sale of merchandise, ignore the entry for the cost of goods sold.
2. Prepare any necessary adjusting entries at December 31, 2021. Adjusting entries are only recorded at year-end.
3. Prepare a schedule showing the effect of the journal entries on 2021 income before taxes
Answer:
Evergreen Company
1. Necessary Journal Entries for Evergreen involving the sale of merchandise:
Feb. 28 Debit Notes Receivable (Lennox Inc.) $10,000
Credit Sales Revenue $10,000
To record the sale of goods on credit, terms 10% 7-month note.
Mar. 31: Debit Notes Receivable (Maddox Co.) $8,000
Credit Sales Revenue $7,200
Credit Interest Receivable $800
To record the sale of goods on credit.
Apr. 3 Debit Accounts Receivable (Carr Co.) $7,000
Credit Sales Revenue $7,000
To record the sale of goods with terms 2/10, n/30.
Apri. 11 Debit Cash Account $6,860
Cash Discount Allowed $140
Credit Accounts Receivable (Carr Co.) $7,000
To record the collection on account.
Apr. 17 Debit Sales Returns $5,000
Credit Accounts Receivable $5,000
To record the return of goods on account.
Apr. 30 Debit Cash Account $49,500
Debit Finance Charges $500
Credit Accounts Receivable $50,000
To record the transfer of receivables to a factor without recourse and 1% finance charge.
June 30 Debit Cash Account $8,800
Debit Finance Charges $1,200
Credit Notes Receivable $10,000
To record the discounting of the note at the bank at 12%.
2. Necessary Adjusting Journal Entries at December 31, 2021:
3. A Schedule showing the effect of the journal entries on 2021 income before taxes:
Sales revenue $10,000
Sales Revenue 7,200
Sales Revenue 7,000
Discount Allowed (140)
Interest Receivable 800
Sales Returns (5,000)
Finance charges (500)
Finance charges (1,200)
Explanation:
Finance charge of $500 = ($50,000 * 1%). Factoring accounts receivable enables Evergreen to collect on its accounts receivable before the due date. This usually attracts some finance charges. Sales without recourse means that the factoring company and not Evergreen accepts the risk associated with credit default. Sales with recourse implies that Evergreen retains the risk arising from credit default.
See if you can match the design approaches Kate uses to the messages she applied them to.
Click to select each message design approach, then click the blank space for the message it
matches to move it.
"I know you're on deadline, but I also know that the project is very important for all of us. May
I ask you a question about it..."
"We've just experienced three problems with the ABC product. The problems are... I see three
simple solutions, and they are... I'll go ahead and implement these solutions on Thursday
unless I hear otherwise from you before then..."
"Given your announcement that customer service is our #1 priority for the month, I would like
your approval to hire a temp to help Bill this month so he can focus on service enhancements."
"Have you seen this quarter's revenue figures? They're 30 percent higher than last quarter.
Would you like to increase the budget for the XYZ product?"
Select one
Select one
Select one
Select one
The design approaches to the messages as observed are Emotional appeal, Problem-solution approach, Persuasive approach based on shared values, and Data-driven approach.
What are the appropriate matching of the approaches?Matching each message with its corresponding design approach are as follows:
1. "I know you're on deadline, but I also know that the project is very important for all of us. May I ask you a question about it..."
Design approach: Emotional appeal
2. "We've just experienced three problems with the ABC product. The problems are... I see three simple solutions, and they are... I'll go ahead and implement these solutions on Thursday unless I hear otherwise from you before then..."
Design approach: Problem-solution approach
3. "Given your announcement that customer service is our #1 priority for the month, I would like your approval to hire a temp to help Bill this month so he can focus on service enhancements."
Design approach: Persuasive approach based on shared values
4. "Have you seen this quarter's revenue figures? They're 30 percent higher than last quarter. Would you like to increase the budget for the XYZ product?"
Design approach: Data-driven approach
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Two countries trade with each other regularly. Country A has a strong economy and buys large quantities of natural resources from country Beach
year. Country B has a weaker economy, and $1 in country A's currency is
worth about $50 in country B's currency.
Which result would be most likely if the exchange rate suddenly became $1 in
country A's money for $75 in country B's money?
A. Country A would be forced to adopt a flexible exchange rate.
B. Country B would receive more value for its exported materials.
C. Country B would be forced to adopt a fixed exchange rate.
D. Country A would receive more value for its imported materials
Answer: B
Explanation: a p e x
The result would be most likely if the exchange rate suddenly became $1 in country A's money for $75 in country B's money, are Country B would receive more value for its exported materials. Thus, the option (b) is correct.
What is trade?
Trade is a term used to describe economic activities. Trade is the term used to describe the purchasing and selling of goods and services. Trade can take many various forms, including both domestic and international trade. Trading in financial terms refers to the buying and selling of securities or other assets.
Comparing the economies of the two nations, Country A has a stronger economy than Country B. Natural resources form the basis of both countries' trade systems. The countries' respective exchange rates are $1 in country A's currency and $75 in country B's currency. The material exported to country B would be more well received.
Therefore, option (b) is correct.
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Compute gross profit for the month of january for laker company for the four inventory methods. (round cost per unit to 2 decimal places and final answers to the nearest whole dollars. ).
First In, First Out (FIFO):The cost of goods sold (COGS) is calculated by multiplying the cost per unit of the oldest inventory available by the number of units sold. Gross Profit = $50,000
What is goods?Goods are tangible products that are produced and consumed to satisfy the needs and wants of consumers. Goods are physical objects that can be touched, felt, seen, and used. They are typically items that are bought and sold in the marketplace and can range from basic necessities such as food, clothing, and shelter to luxury items such as cars, jewelry, and electronics.
First In, First Out (FIFO):
The cost of goods sold (COGS) is calculated by multiplying the cost per unit of the oldest inventory available by the number of units sold.
Cost per Unit of Inventory: $50
Number of Units Sold: 2,000
COGS = $50 x 2,000 = $100,000
Gross Profit = Net Sales - COGS
Net Sales = $150,000
Gross Profit = $150,000 - $100,000 = $50,000
Last In, First Out (LIFO):
The cost of goods sold (COGS) is calculated by multiplying the cost per unit of the newest inventory available by the number of units sold.
Cost per Unit of Inventory: $60
Number of Units Sold: 2,000
COGS = $60 x 2,000 = $120,000
Gross Profit = Net Sales - COGS
Net Sales = $150,000
Gross Profit = $150,000 - $120,000 = $30,000
Weighted Average:
The cost of goods sold (COGS) is calculated by taking the weighted average of the cost of all units of inventory.
Cost per Unit of Oldest Inventory: $50
Cost per Unit of Newest Inventory: $60
Number of Units Sold: 2,000
Weighted Average Cost Per Unit = (50 x 1000) + (60 x 1000) / 2,000 = $55
COGS = $55 x 2,000 = $110,000
Gross Profit = Net Sales - COGS
Net Sales = $150,000
Gross Profit = $150,000 - $110,000 = $40,000
Specific Identification:
The cost of goods sold (COGS) is calculated by taking the cost of the specific units of inventory that were sold.
Cost per Unit of Oldest Inventory: $50
Cost per Unit of Newest Inventory: $60
Number of Units Sold: 2,000
COGS = (50 x 1000) + (60 x 1000) = $110,000
Gross Profit = Net Sales - COGS
Net Sales = $150,000
Gross Profit = $150,000 - $110,000 = $40,000
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Based on GAAP, companies must use the same accounting from one period to the next.
a:principles
b:personnel
c:tools
d:firms
Answer:
principles
Explanation:
In this activity, you will select a student organization of your choice in which you would like to participate. Create a brief report about the duties and responsibilities of the organization, and state the reason you want to participate in this organization. Also, mention opportunities provided by this organization for developing leadership skills. You may use online resources to find information about the organization. Ensure you cover the following points: • List the goals and purposes of this organization. • Include the benefits, duties, and responsibilities of being a member of the student organization. • Describe the opportunities provided by this organization for developing leadership skills.
I can provide a general outline of what you can include in your report:
How to write IntroductionBriefly introduce the student organization you have chosen and explain why you are interested in participating.
Goals and purposes
Provide an overview of the goals and purposes of the organization, including its mission statement and core values.
Benefits, duties, and responsibilities
Describe the benefits of being a member of the organization, such as opportunities for networking, personal and professional growth, and community service.
Outline the duties and responsibilities of members, including attending meetings, participating in events, and contributing to the organization's goals.
Leadership opportunities
Discuss the leadership opportunities provided by the organization, such as holding officer positions, organizing events, and mentoring newer members.
Highlight how these opportunities can help develop leadership skills, such as communication, decision-making, and teamwork.
Conclusion
Summarize your report and reiterate your interest in joining the student organization.
Remember to research and gather information about the specific student organization you have chosen and tailor your report accordingly.
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the wildlife department has been feeding special food to rainbow trout finger lings in a pond. A sample of weight of 40 trout revealed that the mean weight is 402.7 grams and the standard deviation 8.8 grams .
what is estimated mean wight of population? what is 99% confidence interval?,what degree of confidence is being used? interparet the result
We estimate the mean weight of the population to be 402.7 grams, with a 99% confidence interval of (398.77, 406.63) grams. The degree of confidence used is 99%.
To estimate the mean weight of the population of rainbow trout fingerlings, we can use the sample mean as an estimate. In this case, the sample mean weight is 402.7 grams.
Since the sample is a good representation of the population, we can consider this as our estimate for the population mean weight.
To determine the 99% confidence interval, we need to calculate the margin of error. The margin of error is given by multiplying the critical value (z*) with the standard deviation of the sample mean.
For a 99% confidence level, the critical value is 2.576 (obtained from a standard normal distribution table).
The margin of error is then calculated as 2.576 * (8.8 / sqrt(40)), which equals 3.932 grams. Therefore, the 99% confidence interval for the mean weight of the population is 402.7 ± 3.932, or approximately (398.77, 406.63) grams.
The degree of confidence used is 99%, meaning that if we repeated the sampling process multiple times, approximately 99% of the resulting confidence intervals would contain the true population mean weight.
In conclusion, we estimate the mean weight of the population to be 402.7 grams, with a 99% confidence interval of (398.77, 406.63) grams. This means we are 99% confident that the true population mean weight falls within this range.
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*
This model of retailer grants a license to another party to market and sell its
products or services and each location is owned by a different person or
group.
Independent
Corporation
Franchise
Private Company
You have received two bids from outside companies to conduct guest satisfaction surveys for you. You want at least 320 responses. Company A charges $3,200 + $6 per respondent. Company B charges $4,000 + $3 per respondent. Which company will cost you less?
a) Company A
b) Company B
From the two bids received from outside companies to conduct guest satisfaction surveys, the company that would cost me less will be Company B which charges $4,000 + $3 per respondent.
What is a bid?A bid is the price offer that a corporation or individual is willing to pay in the context of auctions, stock exchanges, or real estate. Bidding is an individual or business's offer to set a price for a product or service, or a demand that something is done. Bidding is a method of determining the price or worth of something.
Bidding can be done by a person who is influenced by a product or service in a given setting. It is used by numerous economic niches to determine demand and thus the worth of a commodity or property. In today's modern technology environment, the Internet is a preferred platform for giving bidding services.
Therefore, from the bids received it can be concluded that Company B would cost less.
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the african economic community (AEC) is an organization of african union states establishing a single market, a central bank and common currency. what type of arrangement does this BEST represent
Explanation:
The aim of the AEC is to promote economic, social and cultural development as well as African economic integration in order to increase self-sufficiency and endogenous development and to create a framework for development, mobilisation of human resources and material.
On October 1, 2020, Mertag Company (a U.S.-based company) receives an order from a customer in Poland to deliver goods on January 31, 2021, for a price of 1,000,000 Polish zlotys (PLN). Mertag enters into a forward contract on October 1, 2020, to sell PLN 1,000,000 in four months (on January 31, 2021). U.S. dollar–Polish zloty exchange rates are as follows:
Date Spot Rate Forward Rate
(to January 31, 2021)
October 1, 2020 $ 0.25 $ 0.29
December 31, 2020 0.28 0.31
January 31, 2021 0.30 N/A
Mertag designates the forward contract as a fair value hedge of a foreign currency firm commitment. The fair value of the firm commitment is measured by referring to changes in the forward rate, and, therefore, forward points are included in assessing hedge effectiveness. Mertag must close its books and prepare financial statements on December 31. Discounting to present value can be ignored.
Prepare journal entries for the foreign currency forward contract, foreign currency firm commitment, and export sale.
Determine the net benefit, if any, realized by Mertag from entering into the forward contract.
Answer: JANUARYYYYYYYYYYYYYYYYYYY
Explanation:
Mertag enters into a forward contract on October 1, 2020, to sell PLN 1,000,000 in four months SO IT WILL BE JANUARYYYY
MARK ME AS BRAINLEST PLEASEEEEE
Which of the following is not a legal right of a debtor?
A. The right to ignore persistent calls from a debt collector
B. The right to declare bankruptcy
C. The right to verify the amount of debt you owe
D. The right to protection from deceptive collection practices
Debtors are granted some measures or rights. The option that is not a legal right of a debtor is right to declare bankruptcy.
A lot of creditors often do not obey simple rules, and thus uses some kind of deceptive or intimidating actions so as to recover money they are owed. A lot of creditors often uses threats of violence in trying to recover debt.In the State of California’s Rosenthal Act, one, as a debtor, is known to have the right to be free from harassing letters and calls from creditors and collection agencies because of unpaid debt.
it is known to stop creditors from constantly disturbing one at home or sending threatening letters on a regular basis.
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Answer:
A. The right to ignore persistent calls from a debt collector
Explanation:
Sylvia Baxter reaches an agreed upon selling
When Sylvia Baxter reaches an agreed-upon selling price, it means that she and the buyer have negotiated and come to a mutual agreement on the price at which the item or property will be sold, and they have signed a legally binding sales agreement or contract.
Based on the information you provided, Sylvia Baxter has reached an agreed-upon selling price for a particular item or property. This means that she and the buyer have come to a mutual agreement on the price at which the item or property will be sold.
When negotiating a selling price, it's important for both parties to consider several factors, such as the current market value of the item or property, its condition, and any unique features or attributes that may affect its value. Additionally, both parties should be clear about any terms and conditions of the sale, such as the date of transfer of ownership, any repairs or renovations that need to be made before the sale, and any financing or payment arrangements.
Once the selling price has been agreed upon, both parties will typically sign a sales agreement or contract that outlines the terms of the sale. This document serves as a legally binding agreement between the buyer and seller and ensures that both parties are aware of their rights and obligations.
In summary, when Sylvia Baxter reaches an agreed-upon selling price, it means that she and the buyer have negotiated and come to a mutual agreement on the price at which the item or property will be sold, and they have signed a legally binding sales agreement or contract.
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