subject
Business, 07.08.2019 03:10 katherineedwards1105

Brief, inc., had a receivable from a foreign customer that is payable in the customer's local currency. on december 31, 2017, brief correctly included this receivable for 292,500 local currency units (lcu) in its balance sheet at $280,000. when brief collected the receivable on february 15, 2018, the u. s. dollar equivalent was $291,400. in brief's 2018 consolidated income statement, how much should it report as a foreign exchange gain?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 19:30
In business,what would be the input, conversion and output of operating a summer band camp
Answers: 1
question
Business, 22.06.2019 06:50
Suppose the marginal damage and marginal benefit curves in a polluted neighborhood are md = p/3 and mb = 4 – p. also, suppose that transactions costs are low, so that the consumers and the firm can bargain. we saw that in this case, the socially-optimal level of pollution is achieved. start by computing the socially-optimal p. then, for each of the following cases, compute the amount of money transferred through the bargaining process, and indicate who pays whom (i.e., whether consumers pay the firm, or vice versa). also, compute the gains to each party relative to the status quo (i.e., the starting point of the bargaining process).a)consumers have the right to clean air; firm is dominant in the bargaining process.b)consumers have the right to clean air; consumers are dominant in the bargaining process.c)firm has the right to pollute; firm is dominant in the bargaining process.d)firm has the right to pollute; consumers are dominant in the bargaining proces
Answers: 1
question
Business, 22.06.2019 08:20
Suppose that jim plans to borrow money for an education at texas a& m university. jim will need to borrow $25,000 at the end of each year for the next five years (total=$125,000). jim wishes his parents could pay for his education but they can’t. at least, he qualifies for government loans with a reduced interest rate while he is in school. he has a special arrangement with aggiebank to lend him the money at a subsidized rate of 1% over five years without having to make a payment until the end of the fifth year. however, at the end of the fifth year, jim agrees to pay off the loan by borrowing from longhorn bank. longhorn bank will lend him the money he needs at an annual interest rate of 6%. jim agrees to pay back the longhorn bank with 20 annual payments and the payments will be uniform (equal annual payments including principal and interest). (i) calculate how much money jim has to borrow at the end of 5 years to pay off the loan with aggiebank. a. $121,336 b. $127,525 c. $125,000 d. $102,020 e. none of the above
Answers: 2
question
Business, 22.06.2019 11:10
Which of the following is an example of a production quota? a. the government sets an upper limit on the quantity that each dairy farmer can produce. b. the government sets a price floor in the market for dairy products. c. the government sets a lower limit on the quantity that each dairy farmer can produce. d. the government guarantees to buy a specified quantity of dairy products from farmers.
Answers: 2
You know the right answer?
Brief, inc., had a receivable from a foreign customer that is payable in the customer's local curren...
Questions
question
Spanish, 01.09.2020 20:01
question
Chemistry, 01.09.2020 20:01
question
Mathematics, 01.09.2020 20:01
question
Mathematics, 01.09.2020 20:01
question
Mathematics, 01.09.2020 20:01
Questions on the website: 13722367