Business, 05.05.2020 19:29 davidchafin59245

Benjamin, Inc., operates an export/import business. The company has considerable dealings with companies in the country of Camerrand. The denomination of all transactions with these companies is alaries (AL), the Camerrand currency. During 2017, Benjamin acquires 23,000 widgets at a price of 8 alaries per widget. It will pay for them when it sells them. Currency exchange rates for 1 AL are as follows:
September 1, 2017 $ 0.46
December 1, 2017 0.44
December 31, 2017 0.48
March 1, 2018 0.45
a. Assume that Benjamin acquired the widgets on December 1, 2017, and made a payment on March 1, 2018. What is the effect of
b. Assume that Benjamin acquired the widgets on September 1, 2017, and made a payment on December 1, 2017. What is the effect c. Assume that Benjamin acquired the widgets on September 1, 2017, and made a payment on March 1, 2018. What is the effect of (Input all amounts as positive values.) the exchange rate fluctuations on the reported income in 2017 and in 2018? of the exchange rate fluctuations on the reported income in 2017? the exchange rate fluctuations on the reported income in 2017 and in 2018?

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 17:40

Anne is comparing savings accounts. one account has an interest rate of 1.2 percent compounded yearly, and one account has an interest rate of 1.2 percent compounded monthly. which account will earn more money in interest? the account that earns 1.2 percent compounded yearly the account that earns 1.2 percent compounded monthly

Answers: 2

Answer

Business, 22.06.2019 00:30

Salty sensations snacks company manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. the company has budgeted the following costs for the upcoming period: 1 factory depreciation $33,782.00 2 indirect labor 84,456.00 3 factory electricity 8,446.00 4 indirect materials 40,356.00 5 selling expenses 26,900.00 6 administrative expenses 17,200.00 7 total costs $211,140.00 factory overhead is allocated to the three products on the basis of processing hours. the products had the following production budget and processing hours per case: budgeted volume (cases) processing hours per case tortilla chips 3,600 0.25 potato chips 5,300 0.11 pretzels 2,300 0.49 total 11,200 required: a. determine the single plantwide factory overhead rate.* b. use the factory overhead rate in (a) to determine the amount of total and per-case factory overhead allocated to each of the three products under generally accepted accounting principles. refer to the amount descriptions list provided for the exact wording of the answer choices for text entries.* * if required, round your answers to the nearest cen

Answers: 1

Answer

Business, 22.06.2019 05:20

Social computing forces companies to deal with customers as opposed to

Answers: 2

Answer

Business, 22.06.2019 09:00

Aminor has the legal right to repudiate

Answers: 2

Answer

You know the right answer?

Benjamin, Inc., operates an export/import business. The company has considerable dealings with compa...