Lancer, Inc. (a U. S.-based company), establishes a subsidiary in a foreign country on January 1, 2016. The following account balances for the year ending December 31, 2017, are stated in kanquo (KQ), the local currency: Sales KQ 340,000 Inventory (bought on 3/1/17) 187,000 Equipment (bought on 1/1/16) 88,000 Rent expense 22,000 Dividends (declared on 10/1/17) 30,000 Notes receivable (to be collected in 2020) 50,000 Accumulated depreciation—equipment 26,400 Salary payable 7,800 Depreciation expense 8,800 The following U. S.$ per KQ exchange rates are applicable: January 1, 2016 $0.33 Average for 2016 0.34 January 1, 2017 0.38 March 1, 2017 0.39 October 1, 2017 0.41 December 31, 2017 0.42 Average for 2017 0.40 Lancer is preparing account balances to produce consolidated financial statements. Assuming that the kanquo is the functional currency, what exchange rate would be used to report each of these accounts in U. S. dollar consolidated financial statements? Assuming that the U. S. dollar is the functional currency, what exchange rate would be used to report each of these accounts in U. S. dollar consolidated financial statements?
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Business, 21.06.2019 19:10
The development price itself is such a huge barrier, it's just a very different business model than boeing's used to. our huge development programs are typically centered around commercial airplanes, military aircraft, where there is a lot of orders. and right now the foundation of the business is two bites a year.
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Business, 22.06.2019 16:10
The brs corporation makes collections on sales according to the following schedule: 30% in month of sale 66% in month following sale 4% in second month following sale the following sales have been budgeted: sales april $ 130,000 may $ 150,000 june $ 140,000 budgeted cash collections in june would be:
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Business, 22.06.2019 16:40
Consider two similar industries, portal crane manufacturing (pcm) and forklift manufacturing (flm). the pcm industry has exactly three incumbents with annual sales of $800 million, $200 million and $100 million, respectively. the flm industry has also exactly three incumbents, with annual sales of $500 million, $450 million and $400 million, respectively. which industry is more likely to experience a higher level of rivalry?
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Business, 22.06.2019 17:30
Which curve shows increasing opportunity cost as you give up more of one option? demand curve bow-shaped curve yield curve indifference curve
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