The correct answer is functional currency is the currency of the primary economic environment in which the subsidiary operates and generates cash flows.
The primary currency in which a business transacts is called a functional currency. The foreign currencies must be converted into the functional currency because businesses deal in a variety of currencies but only report their financial statement in one.
The term "functional currency" describes the primary currency that a company or division of a company uses. It is the primary economic environment's monetary unit of account in which an economic entity functions.
Rules for translating foreign currency transactions and financial statements are provided by International Accounting Standards (IAS) and generally accepted accounting principles (GAAP) in the United States.
The currency of the major economic environment is functional in which the entity works; typically, that is, the currency of the environment in which a company generates and expends most of its revenue."
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Calculate net worth using the following information.
Assets Liabilities
car - $3,500 car loan - $3,000
savings account - $1,000 credit card - $500
cash - $80
stock - $120
$1,200
$8,200
$12,000
$500
The net worth of the person, using the given information, can be found to be $ 1, 200
What is a person's net worth ?The value of all assets less the sum of all obligations is what is known as net worth. In other words, net worth is the sum of all assets minus all liabilities.
A person's or company's net worth is the value of their assets less the amount of obligations they have. It is a crucial indicator for assessing a company's health because it offers a helpful overview of its present financial situation.
In the financial industry, one's net worth—also known as net wealth—is used to determine whether a person is eligible for a particular set of investment opportunities or financial products, such as hedge funds, structured products, or other sophisticated or alternative investments.
The net worth of a person can be found by the formula :
= Assets - Liabilities
= 3, 500 + 1, 000 + 80 + 120 - 3, 000 - 500
= 4, 700 - 3, 500
= $ 1, 200
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reported the following in its annual income statement: basic earnings per share of $2.13. there were 4,042 million weighted average number of common stock shares outstanding during the year. the par value of the common shares was $1.00 per share and the average cost of the treasury stock was $12.00 per share. how much net income (in millions), did the company report for the year? $
Basic earnings per share of $2.13. there were 4,042 million weighted average number of common stock shares outstanding during the year. Then, Net income is $2.13 × 4,042 million = $8,609 million.
What is Net income?Sales are subtracted from cost of products sold, selling, general and administrative expenditures, operating expenses, depreciation, interest, taxes, and other expenses to arrive at net income (NI), also known as net earnings. Investors can use this figure to determine how much a company's revenue exceeds its costs. This figure is a measure of a company's profitability and may be found on the income statement. Businesses determine their earnings per share using net income. Since it appears at the bottom of the income statement, net income is frequently referred to as the bottom line by business analysts. In the UK, analysts refer to NI as profit attributable to shareholders.
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in the avnet video case green it strategies, what change in business practices resulted in the most significant savings for the company?
The most significant savings for Avnet were achieved by transitioning from physical data centers to a cloud-based infrastructure.
This change in business practices allowed them to reduce their IT hardware and software costs by over $50 million. It also enabled them to reduce their IT staff by over 25%, since they no longer needed to maintain their physical data centers.
Additionally, they were able to reduce their power usage by over 35%, since they no longer needed to power their physical data centers. This resulted in significant cost savings for the company. Additionally, the cloud-enabled Avnet to quickly and efficiently scale its IT capacity and capabilities as needed, resulting in further cost savings.
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when creating the income statement, which statement is accurate? multiple choice revenues minus tax expense equals gross profit. revenues minus cost of goods sold equals gross profit. revenues minus depreciation expense equals gross profit. revenues minus general operating expenses equals gross profit.
When the income statement is being created, an accurate statement is B. revenues minus cost of goods sold equals gross profit.
How to find the gross profit ?Gross profit is the amount of money a business makes after deducting costs for producing, distributing, and selling its goods or services.
A company's income statement will show gross profit, which is derived by deducting cost of goods sold (COGS) from revenue (sales). The income statement of a business will contain these numbers. Sales profit or gross income are other names for gross profit.
The gross profit, in simple terms, can be found in the income statement when cost of goods sold is subtracted from revenue.
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Please help!
The lack of height and shape makes _______ difficult to present.
Culinary for Pennfoster
The lack of height and shape makes body shape difficult to present.
What do you mean by body shape?The shape of the human body is a complicated phenomena with intricate intricacy and purpose.
A person's overall shape or figure is mostly determined by how their skeletal systems are shaped, as well as how their muscles and fat are distributed.
Only until a person reaches adulthood does their skeletal structure grow and change; beyond then, it largely stays the same.
The epiphyseal plates of long bones close, stopping future growth, between the ages of 13 and 18, marking the typical end of growth.
Numerous features of body shape differ by gender, and the cultural history of the female body shape is particularly complex.
Anthropometry is the study of measuring and evaluating physical shape.
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tano company issues bonds with a par value of $100,000 on january 1, 2021. the bonds' annual contract rate is 8%, and interest is paid semiannually on june 30 and december 31. the bonds mature in three years. the annual market rate at the date of issuance is 10%, and the bonds are sold for $94,923. 1. what is the amount of the discount on these bonds at issuance? 2. how much total bond interest expense will be recognized over the life of these bonds? 3. prepare a straight-line amortization table for these bonds.
The amount of the discount on these bonds at issuance, total bond interest expense and straight-line amortization table for these bonds.
What is discount?Discount is an amount of money that is deducted from the regular price of an item or service. It is usually given in the form of a percentage or a fixed amount. Discounts are often used as a promotional strategy to attract customers to a particular retailer or product. Discounts can also be used to reward loyal customers or to give customers an incentive to purchase more items or services. Discounts can be offered in various forms, such as coupons, loyalty programs, or special events. Additionally, discounts may be offered to customers who purchase in bulk or who purchase items that are on sale. Discounts are a great way to save money and can be beneficial for both the customer and the retailer.
1. The amount of the discount on these bonds is $5,077 ($100,000 - $94,923). This amount represents the difference between the par value of the bonds ($100,000) and the amount the bonds were sold for ($94,923).
2. The total bond interest expense that will be recognized over the life of these bonds is $19,616 ($100,000 x 8% x 3 years). This amount is calculated by multiplying the par value of the bonds ($100,000) by the annual contract rate (8%) and the number of years the bonds are outstanding (3 years).
3. Amortization Table:
Date | Bond Interest Expense | Discount Amortization | Balance
Jan 1, 2021 | N/A | N/A | $94,923
June 30, 2021 | $4,000 | $1,255 | $95,178
Dec 31, 2021 | $4,000 | $1,255 | $96,433
June 30, 2022 | $4,000 |
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if fixed costs increase by $500, how many bottles of port must he sell to breakeven, using new recycled glass which costs $2/bottle more?
The solution:
fixed cost=1060+500=1560
variable cost=5+2=7/bottle
price=35
break even sell=1560/(35-7)=55.71 or 56 bottles
What is fixed cost?
In accounting and economics, expenses for a firm are referred to as "fixed costs," often known as "indirect costs" or "overhead costs" since they are independent of the volume of goods or services the organization produces. They often have a periodic nature, such monthly rent or interest payments. These expenses are frequently capital costs as well. Variable costs, on the other hand, are unknowable at the start of the accounting year and are volume-related (they are paid per amount produced). Certain variable costs' characteristics are impacted by fixed costs.
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if fixed costs increase by $500, how many bottles of port must he sell to breakeven, using new recycled glass which costs $2/bottle more?
because of the difficulty in ending a partnership, decisions regarding which two areas should be spelled out in a partnership agreement?
Because of the difficulty in ending a partnership, decisions regarding a) when a partner can retire and c) how to distribute assets should be spelled out in a partnership agreement.
Partnerships are built on trust and in order to avoid any mishaps when a partnership is broken, all aspects of a partnership are discussed at the beginning itself incase if the partnership gets broken.
In the partnership agreement, it is always mentioned that the members who are coming into a partnership cannot break the partnership for a set amount of time as breaking the partnership before this can cause loss to one or both of the partners.
It is also made clear in the partnership agreement how to distribute assets in case the partnership is broken so that there is no dispute about the assets once the contract is broken.
Although a part of your question is missing, you might be referring to this question:
Because of the difficulty in ending a partnership, decisions regarding which two areas should be spelled out in a partnership agreement?
a) when a partner can retire
b) whether to pay the taxes
c) how to distribute assets
d) none of the above
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if you want to compare two different companies based on how much they invest in research and development, which financial statement would you use?
The income statement, balance sheet, and statement of cash flows are required financial statements. These three statements are informative tools that traders can use to analyze a company's financial strength and provide a quick picture of a company's financial health and underlying value.
Finance is the look at and discipline of cash, forex and capital assets. it's far related to, however now not synonymous with economics, the observe of production, distribution, and intake of money, property, goods and services (the discipline of monetary economics bridges the two). Finance activities take place in economic structures at various scopes, as a consequence the sector can be more or less divided into non-public, company, and public finance. In a financial system, property are offered, offered, or traded as economic contraptions, inclusive of currencies, loans, bonds, stocks, shares, alternatives, futures, and so forth. assets also can be banked, invested, and insured to maximise price and limit loss. In exercise, risks are continually found in any economic action and entities.
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your university has 50,000 students enrolled. the university president, who is beloved by all, is resigning. the president of the student government is asking students to contribute $1.00 so that they can present the president with a lifetime country club membership at his retirement dinner. you decide not to contribute, because your contribution would be small relative to the total that it won't make any difference whether you contribute or not. this is an example of the a. nonexcludable problem. b. nonrival in consumption problem. c. free-rider problem. d. drop-in-the-bucket problem
The contribution which would be small relative to the total that it won't make any difference whether you contribute or not is the example of Drop-in-the-bucket
Explain about drop-in-the-bucket problem?
The drop-in-the-bucket problem is a type of optimization problem. It involves finding the optimal sequence of operations that will fill a bucket with a given amount of water. The goal is to use the least amount of time and resources to fill the bucket. The problem typically involves a set of operations that can be performed on the water, such as pouring, stirring, and spilling. The problem can also involve factors such as the amount of water available, the order in which it should be used, and any constraints, such as the size of the bucket. The solution to the problem is usually a sequence of operations that minimizes the time and resources used to fill the bucket.
The drop-in-the-bucket problem is a situation in which an individual feels that their contribution, no matter how small, will not amount to a significant difference in the total. In this case, the individual feels that their $1 contribution will not be enough to make any difference in the total cost of the lifetime country club membership, so they choose not to contribute.
Therefore, drop-in-the-bucket problem is the correct answer.
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c. what peg should the united states set if it wants the fixed exchange rate to increase the domestic money supply by $48 trillion?
If the United States wants the fixed currency rate to expand the domestic currency reserve by $1.2 trillion, it should establish the peg at $190 to the Canadian dollar.
What is the statistical rate?Last but not least, a rates is an additional broad measurement that involves dividing two values, of which neither must be in the same measure unit. It is capable of being comparable to any quantity, along with a negative one.
What does probability rate mean?The number of events that occur for a specific group of patients given unit of time is described by rates. In contrast, probabilities, which vary from 0 to 1, represent the possibility that an event will happen for a particular person in a specific time frame.
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What is the standard portion cost for a 1-ounce portion of sundried tomatoes purchased by the pound for $7. 69 per pound?.
Answer:
0.48 $
Explanation:
there are 16 ounces in 1 pound, so 7.69/ 16= .48
Bank assets tend to have _____________ maturities and _____________ liquidity than/as bank liabilities.
Bank assets tend to have longer maturities and lower liquidity than/as bank liabilities. Therefore, the correct answer option is: B. longer; lower.
What is banker's acceptance?In Economics, banker's acceptance can be defined as a type of financial instrument that is used for representing a promised future payment by a bank, rather than an individual accountholder.
What is liability?In Financial accounting, liability can be defined as the amount of money that is being owed by an individual or business organization (company or firm) to another.
This ultimately implies that, liability is a debt that an individual or business organization owe and as such, it usually has "payable" in its account title on a financial statement.
In conclusion, a bank asset has longer maturity period and lower (shorter) liquidity in comparison with bank liabilities.
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Complete Question:
Bank assets tend to have _____________ maturities and _____________ liquidity than/as bank liabilities.
shorter; lower
longer; lower
shorter; greater
longer; greater
equal; equal
Factories for video game console manufactures are forced to close again due to Covid. They are unable to make these devices for the holiday shopping season. What would happen to the supply of video games? How would that supply affect demand? Price?
Products will be available in less quantity. The price of the goods will rise. According to demand theory, a good or service's price in the market can alter depending on how much of it buyers are willing to buy.
What is the law of supply and demand?The epic economic classic The Wealth of Nations by Adam Smith from 1776 included a detailed discussion of the subject. Often referred to as the "Father of Economics," Adam Smith defined supply and demand as the "invisible hand" that automatically steers the economy.
A resource, a commodity, or a product's supply and demand are affected by price changes, according to the law of supply and demand, which combines two basic economic principles. On the other hand, as the price falls, supply is constrained and demand is increased.
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sound-rite audio wants to enter the european market but realizes that consumer tastes are not uniform across countries. to be able to accommodate demands for local responsiveness, sound-rite audio should
Sound-rite audio wants to enter the European market but realizes that consumer tastes are not uniform across countries by decentralize production.
The decentralize production is the important term for the outside work or manufacturing work. The decentralize markets include the virtual things like trading, cryptocurrency etc.
The investor who wants to buy or invest in the technology, can easily do by the decentralize market. The process in the decentralize market which means the investor directly buy things from the seller.
Sound-rite audio wants to enter the European market to be able to accommodate demands for local responsiveness by the decentralize production.
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a company has a favorable direct materials price variance. a possible reason for this variance is that: multiple choice question. the production department used fewer materials than expected the production department used more materials than expected the purchasing department purchased materials at a cost less than expected the purchasing department purchased materials at a cost more than expected
There is a positive direct materials price variance for a corporation. One explanation could be because the purchasing department bought the materials for less money than they anticipated.
Why is there a favorable materials price variance?Since the actual price was less than the budgeted price and the company spent less than it anticipated, a positive material price variance is a good variance. When the actual price of the material is lower than the budgeted price, this is referred to as a negative material price variance and is an unfavorable variation.
What exactly does a favorable variance signify?A favorable variance occurs when actual income or expenses exceed or fall short of the budget, respectively. This is the same as a surplus, which occurs when expenses exceed income.
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why must the two-transaction perspective be used for recording foreign currency transactions under u.s. gaap?
For recording foreign currency transactions under U.S. GAAP, the two-transaction viewpoint, which involves one transaction for selling and another for extending credit in a foreign currency, may be employed.
What is the difference between the one transaction perspective and the two transaction?Foreign accounting, also known as foreign exchange accounting, is the area of accounting where a company's total transactions are recorded in currencies other than the one that serves as its functional currency. For instance, foreign accounting would apply if an Indian corporation had a subsidiary in the United States. The Generally Accepted Accounting Principles do not recognize the one- or two-transaction perspectives for accounting for foreign currency transactions, unless the Financial Accounting Standard Board approves the use of the two-transaction perspective. The distinction between the two is considered a gain or loss. Such a gain or loss is reported separately from Sales in the profit-and-loss statement.
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at the present time, three waters company (twc) has 15-year noncallable bonds with a face value of $1,000 that are outstanding. these bonds have a current market price of $1,329.55 per bond, carry a coupon rate of 12%, and distribute annual coupon payments. the company incurs a federal-plus-state tax rate of 25%. if twc wants to issue new debt, what would be a reasonable estimate for its after-tax cost of debt (rounded to two decimal places)? (note: round your ytm rate to two decimal place.)
1. TWC’s after-tax cost of debt = 11.10%*(1-25%) = 11.10%*0.75 = 0.08325 = 8.33%
2. TWC after-tax cost of debt = RATE(nper,pmt,pv,fv)*(1-tax rate)
TWC after-tax cost of debt = RATE(15, 12%*1000, -1,329.55, 1,000)*(1-25%)
TWC after-tax cost of debt = RATE(15, 120, -1,329.55, 1,000)*0.75
TWC after-tax cost of debt = 0.08126555 * 0.75
TWC after-tax cost of debt = 0.0609491625
TWC after-tax cost of debt = 6.09%
What is cost of debt?Debt is one part of a company’s capital structure, which also includes equity. Capital structure deals with how a firm finances its overall operations and growth through different sources of funds, which may include debt such as bonds or loans.The cost of debt measure is helpful in understanding the overall rate being paid by a company to use these types of debt financing. The measure can also give investors an idea of the company’s risk level compared to others because riskier companies generally have a higher cost of debt. The cost of debt is the effective rate that a company pays on its debt, such as bonds and loans.To learn more about capital structure refer to:
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The title of the job you are seeking should be placed _____.
Answer: my cover letter
Explanation:
which commercial data classification level would be applied to a data set of the number of current employees at an organization and would only cause a small amount of harm if disclosed?
The least sensitive information used by the company is public data, which would also result in the least damage from disclosure. This may include information utilised for marketing or the number of employees at the business.
How is data classified?
Levels of Data Classification
Commercial organisations may adopt these, but the most common levels are Restricted, Confidential, Internal, and Public.
Describe public data.
Public data is information that has no existing local, national, or international legal restrictions on access or usage and can be freely used, reused, and disseminated by anybody.
What does the term "international law" mean?
International law is a body of rules and principles that regulates how states and people interact with one another, as well as how international organisations interact with one another.
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c.k. prahalad and stuart hart suggest that sustainable business will be able to access what market, which is inaccessible to unsustainable businesses?
C.K Prahalad and Stuart hart suggest that sustainable business will be able to access what market, which is inaccessible to unsustainable businesses is the world's poorest people.
What is sustainability?By "ensuring a balance between economic progress, environmental protection, and social well-being" and "fulfilling the requirements of the present without compromising the demands of the future," sustainability is defined.
What makes sustainability so important?Sustainable living raises our quality of life while preserving our ecology and natural resources for future generations. Sustainability in the business world is related to an organization's comprehensive strategy that takes into account everything from customer service to manufacturing and logistics.
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in relationship to the tracking of activities, a major benefit of the iot is that it offers the potential for:
In relationship to the tracking of activities, a major benefit of the IoT is that it offers the potential for quick and inexpensive tracking of activities.
Tracking of activities is the act of monitoring and recording the progress of an activity or task. It can be used to monitor the status of a project, to identify bottlenecks or issues, and to track milestones. Tracking can be manual or automated, and it can be done at the individual level or at the project level.
It is important to review and analyze the data that is collected from tracking activities. This data can be used to make changes and improvements to the way activities are tracked.
Hence, the correct option is "B".
The question is incomplete, the complete question is:
In relationship to the tracking of activities, a major benefit of the IoT is that it offers the potential for:
A. quick and inexpensive tracking of activities
B. quick but expensive tracking of activities
C. slow but inexpensive tracking of activities
D. slow and expensive tracking of activities
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visual research has managed to embrace the rise of social media, allowing many companies to transform themselves into appealing brands and consequently created a new type of customer transparency and honesty.
true
false
With the use of visual research, several businesses have been able to reinvent themselves as appealing brands, which has led to a new level of consumer openness and honesty. The statement is true.
Visual research: What is it?The term "visual research methods" (VRM) refers to a group of techniques that include visual components into the research process, such as maps, drawings, pictures, films, and three-dimensional objects.
Visual approaches provide depth, validity, and understanding to data, increasing its richness by revealing new layers of meaning. By gathering more information and a different type of data than spoken and written approaches, they improve upon conventional methods.
What does a visual researcher do?They do visual research—looking for footage and stills in a very wide range of sources using an extensive network of contacts. They can also manage the archive/asset as it comes in, logging it and tracking it in the post-production phase so regular costings and copyright assessments can be done.
With the use of visual research, several businesses have been able to reinvent themselves as appealing brands, The statement is true.
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Gretchen is preparing a sales presentation for the executive team. What organizational structure is she MOST likely to use?
A)keynote
B)myth-buster
C)theme by theme
D)problem to solution
Answer: D)problem to solution
Explanation:
How does HeForShe link to identity and what's the genre of the webpage?
(just waffle loads of paragraphs)
PLEASEEEEEEEEEE SOMEONE HELP
Answer:
pls detail your question for a better answer
Explanation:
I don't seem to get what you are talking about
The four responsibilities of the Federal
Reserve include 1) clearing checks 2)
setting banking rules 3) loaning money to
banks and 4)
setting interest rates.
setting employment rates.
setting inflation rates.
when you've enabled ads personalization for your property, but want specific events excluded, what happens with the data for those excluded events?
When you've enabled ad personalization for your property but want specific events excluded, the data for those excluded events will only be used for measurement purposes. Therefore, this is the required answer.
In order to better serve user demands and raise ROAS, ROI (Return On Investment), and sales leads for advertisers, personalised advertising are a useful tool. Return on Advertising Spend, or ROAS, stands for a percentage return on advertising expenses.
Location, device, text, time, and demographics like age, gender, household income, can all be customised in Ads. Users are more inclined to connect with a brand or company when they encounter tailored adverts.
Personalization of advertisements is a crucial component of marketing efforts. Users' data is gathered by ads so that the material can be more effectively tailored to the users' inquiries.
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what kind of warehouse facility performs very differently from a conventional warehouse by receiving inventory and shipping it out in the same day?
A cross-dock warehouse facility differs from a traditional warehouse in that it receives merchandise and ships it out on the same day.
In a warehouse, what is a cross-dock?Cross-docking is a logistics method that involves offloading items straight from a manufacturer or mode of transportation to a customer or another mode of transportation, with little or no storage in between. This can be done to modify the mode of transportation, sort material destined for different destinations, or mix stuff from various origins into transport vehicles (or containers) bound for the same or comparable destinations. Cross docking occurs in a distribution docking terminal, which typically has trucks and dock doors on two (inbound and outgoing) sides with limited storage space.
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you have a 50% margin account, and short-sell one share of a stock currently trading at $100. what is your maximum profit? $50 $100 $200 unlimited
Answer: Your maximum profit is $50.
Margin account
Brokerage companies provide accounts called margin accounts that let customers borrow money to purchase securities.
Explanation:This is because when you short-sell a stock, you borrow it from your broker and sell it at the current price of $100. Then, you must buy it back later at whatever the price is and return it to the broker. Since you have a 50% margin account, you are only responsible for half of the total amount, which is $50. Therefore, your maximum profit is $50.
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Accurate sales forecasts help to determine staff and inventory.
True
False