85 The followinga tables show the value (in billions of dollars) of U.S. international trade in goods md services for the years 20o4-1の6. Exports Servies Imports Goads A doods Segvices 341.7 1477.1 292.2 2004 807.5 2005 894.6 388.4 IC81-8 315.7 2006 l013.1 422.6 1861.3 342.8 Let 'E be a 312 matrix vepresenting the export data, and let 'm'be a similar matrx for the import data. Find each of the fallowing matries land indicate what information each provides. a) E-M

85 The followinga tables show the value (in billions of dollars) of U.S. international trade in goods md services for the years 20o4-1の6. Exports Servies Imports Goads A doods Segvices 341.7 1477.1 292.2 2004 807.5 2005 894.6 388.4 IC81-8 315.7 2006 l013.1 422.6 1861.3 342.8 Let 'E be a 312 matrix vepresenting the export data, and let 'm'be a similar matrx for the import data. Find each of the fallowing matries land indicate what information each provides. a) E-M

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Canadian Denmark Euro S per Foreign Currency $.7800 $.2000 $.9900 Foreign Currency per $ 1.2821 5.0000 1.0101 a. How many Canadian dollars would you receive for $500? b. A Mercedes costs Euros 130,000. How many $ would you need? c. What is the cross rate of Canadian $ and Denmark?
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Refer to the table at right. The current account balance is $1,000 - 15 Exports of goods Net unilateral transfers O A. $170. Imports of services - 590 В. - $45. Official transactions 60 Capital coming into U.S. Imports of goods Exports of services U.S. capital going abroad 400 С. $155. - 665 D. $140. 410 - 600
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Question 12 Given the following cross currency rates, identify an arbitrage trade and show the profit if you start with $1,000. (USD = U.S. dollar, SGD = Singapore dollar, CHF = Swiss franc) SGD:USD CHF:USD SGD:CHF 1,045.46 3.00 1.50 2.20
Recording Import Transactions Pinnacle Foods imports a variety of items for resale to U.S. retail‑ ers. Following is a description of purchases and foreign‑currency‑denominated payments made in the last accounting period, plus the direct exchange rates for each date: Country Amount Currency Spot rate at purchase Spot rate at payment Australia . . . . . . . . . . . . . . . . . . 200,000 Australian dollar $0.7600 $0.7300 Thailand . . . . . . . . . . . . . . . . . . 800,000 Baht 0.0345 0.0365 Hong Kong . . . . . . . . . . . . . . . . 5,000,000 Hong Kong dollar 0.1319 0.1362 Jordan . . . . . . . . . . . . . . . . . . . 500,000 Dinar 1.4100 1.3900 Required Prepare the journal entries made by Pinnacle, a U.S. company, to record the above purchase and payment transaction.
A1 2b Your Canadian company processes raw sugar for sale in the United States, and the firm has just received a container of raw material from the UK. You have an invoice that asks you to pay £20,000 in 30 days. The current exchange rate is $1.75/£. Invoice amount = £20,000 Exchange rate 1£ = $ 1.75 Cost of bill today in Canadian $ = Invoice amount*Exchange rate 1£ = 20,000*1.75 = Canadian $ 35,000 If you thought the dollar would trade at $2.0/£ in 30 days, what should you do?
1.
A U.S. company's foreign subsidiary had these amounts in local currency units (LCU) in 2024: Cost of goods sold Beginning inventory Ending inventory LCU 5,230,000 536,000 622,000 The average exchange rate during 2024 was $1.30 = LCU 1. The beginning inventory was acquired when the exchange rate was $1.10 = LCU 1. Ending inventory was acquired when the exchange rate was $1.40 LCU 1. The exchange rate on December 31, 2024, was $1.45 = LCU 1. Required: Assuming that the foreign country is highly inflationary, determine the amount at which the foreign subsidiary's cost of goods sold should be reflected in the U.S. dollar income statement. Cost of goods sold
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Pls explain everything how the answer is obtained steps and concept are mandatory pls