i just need answer please quickly thanks !!!1 true or false 5 Assume the following merchandise trade transaction by American with foreign companies: Daimler-Benz builds a $100,000,000 auto manufacturing plant in Virginia, current account will increase by $100,000,000.

i just need answer please quickly thanks !!!1 true or false 5 Assume the following merchandise trade transaction by American with foreign companies: Daimler-Benz builds a $100,000,000 auto manufacturing plant in Virginia, current account will increase by $100,000,000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: A U.S. firm holds an asset in France and faces the following scenario: State 1 State 2…

Q: Determine the profit or loss to be made by Wazalendo Company on the import-export business assuming…

A: To determine the profit or loss, we need to use the formula below:When you sell goods, you receive…

Q: Answer the question below based on the following scenario and table. Scenario: A US-based…

A: According to the given scenario, a multinational corporation located in the United States spends…

Q: Suppose Apple is selling computers in Australia for A$5,500 when the exchange rate is A$ = $0.68. If…

A: Given, Exchange rate = A$0.68 Exchange rate rises = A$0.75 Apple selling computers = A$5,500…

Q: Balance-of-payments double-entry bookkeeping. Show how the following transactions should be recorded…

A: SOLUTIONS A JOURNAL IS A COMPANY'S OFFICIAL BOOK IN WHICH ALL BUSINESS TRANSACTIONS ARE RECORDED IN…

Q: Need help with this Question

A: To calculate Motoguzzie's annualized percentage all-in cost if it holds the bankers' acceptance to…

Q: With the information from the prior two questions, what is the implied Yen per dollar exchange rate?

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What additional capital inflows are needed in A. +29,000 B. +80,000 order for the Balance of…

A: Formula: Balance of payment method: Current Account= Capital Account+ Financial Account

Q: Suppose that Coleman Co., a U.S.-based MNC, is seeking a one-year loan to finance its operations in…

A: US dollar borrowing rate = 10%Canadian dollar borrowing rate = 4%Appreciation of Canadian dollar =…

Q: Balance of payments accounting. For the following international transactions, identify the balance…

A: Balance of payments can be defined as the financial record of all economic transactions between the…

Q: When the U.S. dollar appreciates against the yen, the yen Select one: a. not related b. appreciates…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: 17 - The export rate for which 30000 dollars of dry pulses were exported to the foreign German…

A: When goods are sold to customer on account, then Accounts Receivables is debited and Sales account…

Q: Please calculate the VCC, VFD, TVFD for this imported consignment of TV's from Japan TOTAL VALUE OF…

A: VCC (value for Customs Calculation): This involves determining the customs value, which includes the…

Q: plan for the next year. It has no foreign subsidiaries, but more than half of its sales are from…

A: Total inflow = C$ 35,000,000Total outflow = C$ 2,500,000One year forward rate C$ is $0.95Net…

Q: just need answer thanks ! please quickly! true or false 7. Assume the following merchandise…

A: The Algerians agriculture ministry buy $5,000,000 worth of Canadian wheat, capital account will…

Q: 17 - The export rate for which 30000 dollars of dry pulses were exported to the foreign German…

A: Return of goods by the customer is known as Sales Returns for the business. Customer can return…

Q: 1. A US-based MNC expects to receive $20,000 from domestic operations and 20,000 British pound (£)…

A: Therefore, the expected total dollar cash flow is $36,000.

Q: QUESTION 11 a) Hiro has $10,000 to invest in the foreign-exchange market, with a focus on U.S.…

A: Currency arbitrage is a concept that is developed by gaining profit on exchanging the local currency…

Q: only answer question 4 please Yardi Solutions is a multinational company base in the Caribbean,…

A: Hence, the question has been solved in detailed explanation manner.Explanation:Foreign Exchange…

Q: Suppose that after a recent large sale of cars, Nissan is holding 1 billion Chinese Yuan (CNY).…

A: The bid rate is the rate at which the banker will buy a currency and the ask rate is the rate at…

Q: CIF MONTREAL , CDN $100,000

A: FOB value as,

Q: BC Trading Company of Singapore purchases spices in bulk from around the world, ackages them into…

A: Amount forecasted is 16+22+80+50+110+44 = S$322,000With multilateral netting it will be reduced to…

Q: MacLoren Automotive. MacLoren Automotive manufactures British sports cars, a number of which are…

A: As per the given information: Invoice price of Car - £30,000Spot exchange rate - 1.6500Risk sharing…

Q: Description or Instruction Please calculate the VCC, VFD, TVFD for this imported consignment of TV's…

A: “Free on board” is what FOB stands for. It is a designation that indicates that the liability and…

Q: Consider the following information: Imports $220.5 Net income from foreign investments 53.4…

A: The objective of the question is to calculate the balance on the U.S. current account and capital…

Q: Homestyle Brands imports materials from other coun‑ tries and exports finished products to…

A: The primary record that is to be maintained in the accounting books of an entity is known as journal…

Q: An US Company exported its goods to Oman at US$ 2,000,000 at an exchange rate of US$ 2.5/OMR. Due to…

A: At time of Import 1 OMR = US$ 2.50 Due to changes in Economic conditions, the exchange rate becomes…

Q: Required: Prepare journal entries to record Maple's import and export transactions during 20X5 and…

A: The foreign currency gain or loss is the amount which has been to the company through when there are…

Q: Problem 5 Assume the British pound (£) is worth $2.60, while the Canadian dollar (C$) is worh S1 50…

A: a) Pound = $2.60 Canadian dollar = $1.50

Q: Assuming a forward contract was not entered into, what would be the net impact on Jackson Corp.'s…

A: Foreign currency transaction accounting involves recording financial activities conducted in foreign…

Q: A new Toyota Mark Il is imported from Japan. Other details relating to this sale are as given below:…

A: Value-added tax is the tax that is levied only if there is some value added to the company.

Q: 2- Assume that the export price of a Toyota Corolla from Osaka, Japan is ¥4,200,000. The exchange…

A: Export price = 4,200,00 yen exchange rate = 109.60 yen per dollar US inflation = 2.5% , Japan…

Q: Motoguzzie (A). Motoguzzie exports large-engine motorcycles (greater than 700cc) to Australia and…

A: The potential return or advantage that could have been realized through a different investment or…

Q: Indirect exporting occurs when a business sells its products in foreign markets. A Through other…

A: Indirect Export: Indirect export refers to the sale of products or services to a middleman who then…

Q: Questien The economy records the following transactions: Imports of goods and services: $1569…

A: Solution:

Q: On May 20, 2022, when the spot rate is $1.18/€, a U.S. company buys merchandise from a supplier in…

A: The price offered for prompt settlement of an interest rate, commodity, asset, or currency is known…

Q: Foreign exchange and commodity prices. While traveling in the following countries, you occasionally…

A: a) Implied exchange rates for dollar vs rupees

Q: ABC Inc. produces home appliances and sells them in the U.S. It outsources the production of the…

A: Exposure refers to risk involved due to presence of certain factors in environment. In finance,…

Q: None

A: Exchange Rate Calculation using PPP:The exchange rate based on PPP is derived by comparing the…

Q: The camera you want to buy costs $495 in the U.S. How much will the identical camera cost in Canada…

A: Cost to buy in Canada = Cost in USA / Exchange rate .

Q: You are a USA Manager of Apple Phone (iPhone). Your company Apple export and market iPhone in…

A: Working Note #1 2015 : 1 Ringgit = 1/4.25 US Dollar 2018 : 1 Ringgit = 1/3.70 US Dollar 2022 : 1…

Q: Germany can produce either 40 units of pretzels or 20 units of cars per labour hour. Canada can…

A: The table below summarises the information provided: Pretzels Car Germany 40 20 Canada 76…

Question

i just need answer please quickly thanks !!!1

true or false

Assume the following merchandise trade transaction by American with foreign companies: Daimler-Benz builds a $100,000,000 auto manufacturing plant in Virginia, current account will increase by $100,000,000.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Answer

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Case-in-brief - Argentina Currency Devaluation Your company is currently operating in Argentina. Management is concerned to what extent the Argentine peso will be devalued. It wants to examine two scenarios: one where the currency drops 15% and one where it drops 26%. Currently, the exchange rate is 94 pesos (ARS$ 94) to 1 US dollar (US$1). Contribution after marketing in Argentina was 21% of sales (see Exhibit). Your goal is to maintain this percentage. Exhibit: Argentina Contribution after Marketing (ARS$ Argentine Pesos) Unit Sales Manufacturer Sales Costs Gross Margin Total Marketing Cont bution after Marketing Units 46 ARS 325.9 100% 183.3 142.6 73.3 69.3 % 56% 44% 22% 21% QUESTION 1 How would the devaluation of the Argentine peso (ARSS) affect your contribution in the home currency (US$)? Current contribution in USD (home currency): USD $ 0.000 Contribution in USD after 15% drop: USD $ 0.000 Contribution in USD after 26% drop: USD $ 0.000 Millions Million Million Go to last…
Please answer my question it is the 3rd time that i am sending this question but you are not answering.
22 - The export rate for which 30000 dollars of dry pulses were exported to the foreign German company BBN in the form of payment against goods is 1 dollar = 5.60 TL. However, the pulses were noticed to be moist and were returned. Registration to be made?A) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 120 01 ABROAD BUYER 168000 610 01 RETURNED GOODS 168 000B) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 610 01 RETURNED GOODS 168000 120 01 ABROAD BUYER 168000 C) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 612 01 OTHER DISCOUNTS 168000 120 01 ABROAD BUYER 168000 D) THE CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 601 01 ABROAD GOODS SALES 168000 610 01 RETURNED GOODS 168000 E) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 689 OTHER EXTRAORDINARY GO. LOSS 168000 120 01 ABROAD BUYER 168000
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 $2.0/£ in 30 days, what should you do?
Any help is appreciated!
1 Suppose that 1-year interest rate in US is 2%, 1-year interest rate in Japan is 3%, spot exchange rate is Yen 110/$, 1-year forward rate is Yen 112/$. Will you prefer to invest in Japan or in US? No difference to invest in Japan or in US A₁ B₁ C₁ In China D₂ In US In Japan
Question text In France, one cup of coffee is 1.64 EURO. The exchange rate is 0.73 EURO / USD. Using LOP find the price of one cup of coffee in the USA. Select one: a. 0.45 b. 12.370 c. 1.197 d. 2.247
Case-in-brief - Chapter 6 - Argentina Currency Devaluation Your company is currently operating in Argentina. Management is concerned to what extent the Argentine peso will be devalued. It wants to examine two scenarios: one where the currency drops 15% and one where it drops 25%. Currently, the exchange rate is 92 pesos (ARS$ 92) to 1 US dollar (US$1). Contribution after marketing in Argentina was 21% of sales (see Exhibit). Your goal is to maintain this percentage. Exhibit: Argentina Contribution after Marketing (ARS$ Argentine Pesos) Unit Sales Manufacturer Sales Costs Gross Margin Total Marketing Units ARS % 46 325.9 100% 183.3 56% 142.6 44% 73.3 22% Contribution after Marketing 69.3 21% QUESTION 2 How much more sales revenue would be needed in Argentina to maintain your current contribution after marketing? Additional Manufacturer Sales in Argentine Pesos after 15% drop: 0.000 Additional Manufacturer Sales in Argentine Pesos after 25% drop: 0.000
6
Cost of Abalone Country Australia Chile Ireland New Zealand South Africa CLP ISK NZD Abalone Cost AUD 93,500 ZAR 640,000 50,990,000 5,400,000 104,000 Exchange Rate $1 U.S. 1.1 AUD 585 CLP 61 ISK 1.3 NZD 7.8 ZAR %3D Refer to the table above. An international seafood supplier is offered 9.46 million yen today for 1000 pounds of abalone frozen in the shell. One thousand pounds of abalone can be sourced from various countries at the prices shown above. The current market exchange rates between the United States and the other relevant currencies are also shown. In addition, $1 U.S. = 104 yen. What is the value, in U.S. dollars, of the best deal the international seafood supplier can make? $9962 O $12,462 O $10,962 O $11,962
Please help me with D and E! Thank you!
Finance 5. On 4/10/2022, the exchange rates are as follows: 1 British Pound = USD $1.30 1 Australian dollar = 0.57 British Pound 1 Australian dollar = 87.59 Japanese Yen $1 USD = 1.34 Australian dollar $1 USD = 124.46 Japanese Yen (a) ABC is considering expanding its sales of orange juice overseas. If the product is produced in ABC’s Australian brunch with cost 2.20 Australian dollars, ship to UK, where it can be sold for 1.54 British pound. What is the profit measured by US dollars on the sale? (b) If ABC produces a liter of orange juice in its US headquarters and ship it to Japan for USD $1.45 per unit. If the firm wants a 25% markup on the project, what should be the price of the juice sold in Japan measured by Yen, if using the exchange rate as shown above? (c) If the shipped orange juice in Japan is actually sold for 215 Yen, by PPP, what is the exchange rate between USD and Yen (Yen/USD $1) implied? Do not provide handwritten solution. Maintain accuracy and quality in your…