In December, 20X4, a US company purchased merchandise from an Israeli firm for 100, 000 shekels. The exchange rates for the shekel were S.26 when the purchase was made, $.245 at year end, and S.24 when the shekels are paid in 20X5. What are the US exchange rate gains/losses? A. 20X4 $1,000 gain; 20X5 $1,000 gain B. 20X4 S1, 500 gain; 20X5 $500 gain C. 20X4 $1,000 loss; 20x5 $1,000 loss D. 20X4 $1,000 loss; 20x5 $2,000 loss E. 20 X4 $1,500 loss; 20X5 $500 loss

In December, 20X4, a US company purchased merchandise from an Israeli firm for 100, 000 shekels. The exchange rates for the shekel were S.26 when the purchase was made, $.245 at year end, and S.24 when the shekels are paid in 20X5. What are the US exchange rate gains/losses? A. 20X4 $1,000 gain; 20X5 $1,000 gain B. 20X4 S1, 500 gain; 20X5 $500 gain C. 20X4 $1,000 loss; 20x5 $1,000 loss D. 20X4 $1,000 loss; 20x5 $2,000 loss E. 20 X4 $1,500 loss; 20X5 $500 loss

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Find v in question c and find c in question d
The following information is provided for the first month of operations for Legal Services Inc.: A. The business was started by selling $103,000 worth of common stock. B. Six months' rent was paid in advance, $4,100. C. Provided services in the amount of $1,500. The customer will pay at a later date. D. An office worker was hired. The worker will be paid $277 per week. E. Received $520 in payment from the customer in "C". F. Purchased $300 worth of supplies on credit. G. Received the electricity bill. We will pay the $120 in thirty days. H. Paid the worker hired in "D" for one week's work. I. Received $130 from a customer for services we will provide next week. J. Dividends in the amount of $1,800 were distributed. Prepare the necessary journal entries to record these transactions. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. A. B. 111
How to solve:S= 1/1.06[1-1/(1.06)^20]/1-1/1.06
Calculate: 1 1 (1+ r)" х 30 where r=0.093, and n=16
9. Joba Corporation issued $1,000,000 of 13% (stated rate) bonds payable on January 1, 2020, due on January 1, 2028, with interest payable each January 1. Investors require an effective-interest rate (market rate) of 10%. Calculate the amount of discount or premium that will be recognized when the company issues the bonds (indicate the amount and wither its discount or premium).
Hansen Corporation. a C Corporation (mot a manufacturer) reports the following items in income and expenses for 2021 Gross Revenue $900,000 Dividend Received from 30% owned Corp 200,000 LTCG 30,000 STCL 12000 City of Lee's Summit Bond Interest 10000 COGS 375000 Administrative Expenses 325000 Charitable Contribution 60,000 Compute Hansen's C Corp Taxable income?
Now, assume that the state of the limit order book is as follows just before the call of CBA's opening call auction: Buy Quantity Price $8.08 $8.01 $7.99 $7.96 $7.91 $7.87 $7.84 $7.82 0 0 0 a. $7.96 O b. $8.01 O c. Other O d. $7.99 e. $7.91 1800 800 1100 1900 800 Sell Quantity 1600 1800 1200 0 0 0 0 If no more orders are entered, the call price would be:
Round 1.1235 to the nearest tenth. O 1.12 O 1.2 1.0 1.1