On October 10, 2019, the exchange rate for the US Dollar vs. the Swedish Krona was $1 = SEK 9.95. Over the following year, the US Dollar weakened vs. the Swedish Krona and the exchange rate was $1 = SEK 8.78 on October 10, 2020. Imagine you are an executive at a Swedish company that manufactures all of its products in Sweden. You are thinking of expanding to the United States. These two questions affect of the weakening of the US Dollar vs. the Swedish Krona on the company's expansion.
a) Would your company be more likely or less likely to build your own distribution center in the United States?
b) How would the exchange rate affect the prices of your products sold in the United States? (Remember they are manufactured in Sweden.)
In: Economics
6. P company a Mexican subsidiary of a US company, sold equipment costing 200,000 pesos with accumulated depreciation of 75,000 pesos for 140,000 pesos on 3/1/2018. The equipment was purchased on 1/1/2017. Relevant exchange rates for the peso are as follows:
1/1/2017 $0.110
3/1/2018 $0.106
12/31/2018 $0.102
Average 2018 $0.105
The financial statements for P are translated by its US parent. What amount of gain or loss would be reported in its translated income statement?
The financial statement for P are remeasured by its US parent. What amount of again of loss would be reported in its translated income statement?
Answers: $1590 and $1090
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In: Accounting
The transfer of a tenant's ENTIRE interest in leased property to another is known as:
| a. |
a sublease |
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| b. |
a delegation |
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| c. |
a right of entry |
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| d. |
an assignment |
Basil has a personal check certified by Citibank. If the named payee presents the check for payment and Citibank dishonors it then Basil will:
| a. |
remain primarily liable |
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| b. |
remain secondarily liable |
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| c. |
no longer be liable since the check was certified |
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| d. |
none of the above |
If Joe writes a check to Ralph, who indorses it to Al, who indorses it to Kevin , who presents it to the bank where it is dishonored:
| a. |
Kevin may recover from Joe |
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| b. |
Kevin may recover from the bank |
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| c. |
Both a and b are true |
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| d. |
Neither a nor b are true. |
If the treasurer of a company strts cashing forged checks over a thirteen month period before it is discovered, who will bear liability between the company and the bank?
| a. |
The company because the bank has a signature card on file |
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| b. |
The company because the bank has FDIC insurance. |
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| c. |
The bank since the time period before discovery indicates the company's negligence |
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| d. |
(a) and (b) |
The right of the government to take private land for public use is known as:
| a. |
possibility of reverter |
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| b. |
adverse possession |
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| c. |
equitable servitude |
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| d. |
eminent domain |
In: Economics
In: Economics
In: Economics
In: Economics
Dean Foods is one of the largest dairy food manufacturers in US. The main problem the company is facing is that due to competition from retailers, their milk supply has decreased in revenue by a huge percentage.
List how each of Porter's 5 Forces relate to Dean Foods' situation. What solutions can you recommend Dean Foods can do based off of Porter's 5 Forces analysis?
In: Operations Management
As a long-term investment, Fair Company purchased 20% of Midlin Company’s 300,000 shares for $360,000 at the beginning of the reporting year of both companies. During the year, Midlin earned net income of $135,000 and distributed cash dividends of $0.25 per share. At year-end, the fair value of the shares is $375,000.
1. Assume no significant influence was acquired. Record the transactions from the purchase through the end of the year, including any adjustment for the investment’s fair value, if appropriate. 2. Assume significant influence was acquired. Record the transactions from the purchase through the end of the year, including any adjustment for the investment’s fair value, if appropriate.
In: Accounting
A local firm will give Texas State University 1.6 million in exactly 1 year from today (year 1). Each year after that, they will donate to the university an amount 5% larger than the previous donation, with their last donation occurring in 18 years (year 18). What is the present value of this donation immediately after the 7th payment is given (PV in year 7) assuming an annual interest rate of 6%?
1. 25.10 million
2. 33.52 million
3. 160.00 million
4. 22.29 million
In: Finance
Anna is a graduate accounting student at the local university. She is the recipient of a $1,000 scholarship from the university. In addition, Anna works as a part time teaching assistant in the school of accountancy. She is paid $3,000 per calendar year and receives a tuition waiver covering 100 percent of her tuition. If not for the waiver, Anna would have paid $8,000 for tuition. Further, she paid $400 for books and supplies related to her coursework and incurred living expenses of $6,200. How much gross income Anna must report
In: Accounting