Required information The following information applies to the questions displayed below.) Certain balance sheet accounts of a foreign subsidiary of Orchid Company have been stated in US dollars as follows: Accounts receivable, current Accounts receivable, 15 ng term Land Patents Stated at Current Historical Rates Rates $ 230,000 $ 250,000 136,000 144,000 68,000 70,000 98,000 103,000 $ 532,000 $ 567,000 This subsidiary's functional currency is a foreign currency. What total should Orchid's balance sheet include for the preceding items? The following information applies to the questions displayed below) Certain balance sheet accounts of a foreign subsidiary of Orchid Company have been stated in US dollars as follows: Accounts receivable, current Accounts receivable, long term Land Patento stated at Current Ristorten Rates Rates $ 230,000 $ 250,000 136,000 144,000 68,000 70,000 98,000 10,000 $ 532,000 5 567,000 This subsidiary's functional currency is the U.S. dollar. What total should Orchid's balance sheet include for the preceding items?
Answers
The first step to answering this question is to understand the meaning of functional currency. The functional currency refers to the primary currency used by a company or subsidiary for transactions and record-keeping. It is the currency of the country where the subsidiary is located or operates.
The next step is to separate the items based on whether they are in the subsidiary's functional currency or US dollars. For the first question, the items are stated in US dollars, but the functional currency is foreign currency.
Therefore, the current and long-term accounts receivable, land, and patents should be translated at the exchange rate on the balance sheet date to the functional currency. The sum of these translated balances is the amount that should be included on Orchid's balance sheet for the preceding items.
Total for the preceding items: Current Accounts Receivable = $230,000 + $136,000 + $68,000 + $98,000 = $532,000 Long-term Accounts Receivable = $250,000 + $144,000 + $70,000 + $10,000 = $474,000 Land = $532,000 Patents = $103,000
Total for the preceding items = $1,109,000 For the second question, the items are stated in US dollars, and the functional currency is also the US dollar. Therefore, the items should be reported on Orchid's balance sheet at their historical rates.
Total for the preceding items: Current Accounts Receivable = $230,000 + $136,000 + $68,000 + $98,000 = $532,000 Long-term Accounts Receivable = $250,000 + $144,000 + $70,000 + $10,000 = $474,000 Land = $532,000 Patents = $5,000 Total for the preceding items = $1,013,000
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Related Questions
Objectives are needed in every area where performance and results affect the survival and prosperity of business. Explain any three objectives of business.
Answers
Answer:
The major objectives of a business include the following:
1. Profit
2. Growth
3. Stability
4. Efficiency
5. Survival
Explanation:
1. Profit: this is practically the number one objective of any business, to maximize profit as much as it can. In order words, not just to get back the investment capital, but to earn profit as well.
2. Growth: this involves growing bigger or having an expansion in the number of sales and markets generally. As a customer of a business increases, this is often lead to business growth and more money
3. Stability: to have the stability of operation, without occasional or unnecessary break down in mode of operation or production. This will help to keep the business moving.
Prompt What is advertising?
Answers
Answer:
An advertisement (often shortened to advert or ad) is the promotion of a product, brand or service to a viewership in order to attract interest, engagement and sales. Advertisements come in many forms, from copy to interactive video, and have evolved to become a crucial feature of the app marketplace.
The concept of limited liability
Answers
Answer: Function, The function of the concept of limited liability is to provide the owners of businesses a way to protect their personal assets. For example, if a business is sued, the person seeking compensation cannot go after the personal property of the business' owners.
Types The concept of limited liability gives rise to a variety of different types of business organizations.These include corporations and limited liability companies, all of which are created by the laws of each of the 50 states.
Significance The concept of limited liability plays a significant role in commerce. Absent the concept of limited liability, individuals would shy away from investing in businesses of any type. The vast majority of individuals would not want to put their personal property at risk by becoming involved in a business enterprise.
Features The concept of limited liability restricts the amount of money a person risks to what she invests in a business enterprise
Exception Protections normally associated with the concept of limited liability can be set aside in certain situations. For example, if a business owner co-mingles personal and business assets -- in a common bank account, for example -- an individual with a claim against the business likely can seek compensation from some, if not all, of the business owner's personal assets.
Expert Assistance A business owner facing a situation in which another individual or business makes a claim against the business should seek legal assistance. A qualified attorney not only protects the interests of the business but works to ensure that the owner's personal assets do not end up in jeopardy.
Explanation:
help me please
You are putting on a theater production. Which of the following should be a consideration when you get ready to choose the script?
The size of the theater/stage
The demographics of the audience
The topic/popularity of the script
All of the above
Answers
Answer:
The topic/popularity of the script
Explanation:
When you are writing a script, you WILL NEED TO consider the topic/popularity of the script.
Hope it help! ;)
True or False: You may contribute as much of your earnings as you choose to your employer-sponsored retirement plan
each year.
a) True
b) False
Answers
Answer:
Its false
Explanation:
because when I clicked true I got it wrong.
It is not true that we may contribute as much of our earnings as we choose to our employer-sponsored retirement plan each year. The correct option is b.
What is an employer-sponsored retirement plan?An employer-sponsored plan refers to a type of benefit plan offered to employees at no or relatively low cost. These plans, such as a 401(k) or HSA, cover an array of services including retirement savings and healthcare. Employees who enrol in such programs capitalize on the benefit of receiving discounted services.
On the other hand, employers offering these plans typically benefit from tax breaks. Also, sponsoring benefits is seen as a way to recruit and retain valuable employees. Sponsorship does not mean that an employer contributes funds to the plans, though they may match certain employee contributions.
In order to attract and retain workers as well as receive tax breaks and other incentives employers install these benefit plans.
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amos gets $2400 a month for his salary he spends $1000 on rent what fraction of his rent is leftover math
Answers
Answer:
58.33%
Explanation:
Amos Salary is $2400
The rent amount is $1000
Amount left after rent will be
=$2,400 - $1,000
=$1,400
The percentage
= $1400/$2400 x 100
=0.5888888 x 100
=58.33%
Alice loves all animals and is starting a new grooming business for dogs. She believes that animals are very important and plans to exceed any applicable regulations regarding cleanliness and health standards. Alice thinks some local regulations make no sense. For example, there is a local ordinance that all dogs must be kept on a leash at all times when not in a fenced area. Although Alice lives on a large lot with plenty of room for dogs to run free, she plans to obey the leash regulation and all others. She is aware, however, that members of the community have had success in changing local regulations by petitioning city council. Alice plans to proceed in that manner to attempt a change in the leash law. Alice's idea that dogs have basic rights, and her plan to exceed laws involving cleanliness and health standards is rooted in which of the following?A. Legal positivism.
B. The historical school.
C. Legal realism.D. Natural law.
E. Cost-benefit analysis.
Answers
Answer:
D. Natural law.
Explanation:
As a concept, natural law states that everyone, including people, animals and all other living things, e.g. trees, have God given or natural rights. These rights include our right to live and be free, and are not established by any law created by humans, instead we (and the rest of living creatures) are born with them. Laws made by human societies have no right to interfere or break natural laws, since natural laws are the basis of all other laws.
Some people believe that natural law only applies to humans, but others, e.g. ecologists and animal lovers, believe that they apply to all living creatures.
A household consists of a married couple, their two-year-old daughter. the couple's daughter has no income and lived with her parents all of last year. How many exemptions can the couple claim on last year's tax return if they file with the married filling jointly status
Answers
The total number of exemptions the couple can claim on their last year's tax return if they file with the married filing jointly status would be three. Option D
How many exemptions can the can the couple claim on last year's tax returnFor tax purposes, an exemption is a deduction from an individual's taxable income for themselves and their dependents. In the given scenario, the household consists of a married couple and their two-year-old daughter. The couple can claim one exemption for themselves and one exemption for their daughter, as she is their dependent and has no income.
Therefore, the total number of exemptions the couple can claim on their last year's tax return if they file with the married filing jointly status would be three (one for each spouse and one for their dependent daughter).
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How can you avoid spending more than what is in your bank account?
1. Check your bank statement once a month.
2. Ask your financial institution to notify you when you are close to $0 in your account.
3. Keep your own records to compare with your financial institution's records.
4. None of the above
Answers
Which situation describes an oligopoly market structure? A. One company builds and sells all of the cars available in a developing country. B. Many different vendors sell the same few T-shirt designs to fans at a concert. C. Solar panels are only available from two companies operating in a country. D. A government gives one company full control over water treatment in a city.
Answers
Answer:
Answer C
Explanation:
Answer:C)
Explanation:just got it right<3
If the price of lumber increases by %10 and the quantity demanded drops by the same amount, then demand is said to be _______.
Answers
When the price elasticity value exceeds one, demand is considered to be price elastic. Here, the quantity wanted is changing by a percentage of 15, while the price is changing by a percentage of 10, indicating a price elasticity of demand of 1.5.
when a 10% price rise on a product has resulted in a 2% drop in demand for that product?If the percentage decline in the amount demanded is less than the percentage increase in the price, the demand for a good is inelastic. Demand is inelastic in this case because a 10% price increase results in a 2% decrease in quantity demanded.
What is the price elasticity of demand when the price rises by 30% and the quantity required declines by 10%?When price changes result in a disproportionately modest change in the quantity required, there is inelastic demand. For instance, a good with inelastic demand may have a price increase of 30% while only experiencing a 10% decline in demand as a result.
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An Investor who brings _____ equity often will recelve a share of ownershlp in the company although she did not Invest capital, but effort Use this media to help you complete the question.
sweat
additional
bootstrapped
lingering
Answers
Answer:
additional equity I think
How to secure a business loan
Answers
Securing a business loan requires careful planning and preparation to ensure that your application is approved. Below are some essential tips on how to secure a business loan.
1. Have a clear business plan: A well-defined business plan is essential for securing a loan. It should outline your business goals, revenue projections, marketing strategies, and financial needs. A clear business plan shows the lender that you are serious about your business and have a solid plan in place.
2. Check your credit score: Before applying for a loan, it's important to check your credit score. A good credit score is essential for securing a loan. A score of 700 or higher is ideal for securing a business loan. If your credit score is low, take steps to improve it before applying for a loan.
3. Choose the right lender: There are many lenders that offer business loans. Choose the lender that best suits your needs and has experience working with businesses in your industry.
4. Prepare your financial documents: Lenders will require financial documents such as tax returns, bank statements, and financial statements. Have these documents ready before applying for a loan.
5. Be prepared to provide collateral: Most lenders require collateral to secure a loan. Collateral can be in the form of assets such as real estate, equipment, or inventory. Be prepared to provide collateral to secure a loan.
6. Show your ability to repay the loan: Lenders will want to see that you have the ability to repay the loan. Provide evidence of consistent revenue, a solid business plan, and financial projections. By following these tips, you can increase your chances of securing a business loan.
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Which of the following is most likely to force a manufacturer to pay a slotting allowance?
A) A selling agent
B) A merchandise broker
C) A large retail chain
D) A small retailer
E) A rack jobber
Answers
A large retail chain is most likely to force a manufacturer to pay a slotting allowance. A slotting allowance is a fee or payment made by manufacturers to retailers for the privilege of having their products placed on the retailer's shelves.
It is a common practice in the retail industry and serves as a way for retailers to generate additional revenue or cover the costs associated with stocking and promoting new products.
Large retail chains have significant market power due to their size, customer base, and influence. They often have established relationships with multiple manufacturers and have the leverage to demand slotting allowances as a condition for carrying their products.
Manufacturers may be compelled to pay these allowances to secure shelf space in prominent locations within the retail chain's stores, ensuring better visibility and increased chances of sales.
Selling agents, merchandise brokers, small retailers, and rack jobbers typically do not possess the same level of bargaining power as large retail chains.
While they may negotiate various terms and conditions with manufacturers, they are less likely to exert the same degree of influence or demand slotting allowances. Therefore, the most probable entity to enforce a manufacturer to pay a slotting allowance is a large retail chain.
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The first paragraph of a business letter is the ____.
A. Introduction
B. Addresses
C. Conclusion
D. Supporting details
Answers
Answer:
A. Introduction is the first paragraph
Explanation:
You start with an introduction when writing a business letter
HELP ASAP PLEASE
The CPI is calculated by comparing
the spending levels at the beginning of
each year to the end of each year. In
this way, the calculation is similar to
what?
A. Unemployment
B. Inflation
C. Circular Flow Model
Answers
Answer:inflation
Explanation:
Kalina's Krepes has the following total product schedule: Labor (workers per week) Output0 01 302 703 1204 1605 190 6 2107 220a. Draw the Total Product curve. b. Calculate the average product of labor and the marginal product of labor and draw these curves on a new graph. c. Over what output range does Kalina's Krepes experience the benefits of more specialization (increased returns to labor)? Diminishing marginal returns? What does this tell us about MC over these ranges? Assume Kalina's Krepes can hire workers at $500 a week and the rent is $1000 a week. Assume there are no other costs of production. d. Calculate the average total cost, average variable cost, average fixed cost, and marginal cost of each output in the table. Plot these curves below. e. If the price per crepe in the market is $15 (these are fancy crepes!), will Kalina produce crepes or shut down in the short run? Is she making positive profits, negative profits, or breaking even? What does this tell you about what Kalina will do in the long-run? f. What happens to the cost curves if the rent on Kalina's factory goes up by $200/wk? g. What happens to the cost curves if the workers negotiate a wage increase of $100/wk?
Answers
Kalina's would need to increase the price of each krepe from $4 to $6 to maintain their profit margin after the minimum wage increase.
Before the minimum wage increase, Kalina's total daily labor costs are:
4 workers x 8 hours x $7.25 per hour = $232
After the minimum wage increase, Kalina's total daily labor costs would be:
4 workers x 8 hours x $15 per hour = $480
Therefore, the increase in Kalina's total daily labor costs would be:
$480 - $232 = $248
To maintain the same profit margin of 50%, Kalina's would need to increase the price of each krepe to cover the additional labor costs. If we assume that the cost of ingredients and other fixed costs remain the same, then the new price per krepe would be:
New price per krepe = (Original cost per krepe) / (1 - Profit margin)
New price per krepe = $2 / (1 - 0.5) = $4
Therefore, increase the price of each krepe from $4 to $6 to maintain their profit margin after the minimum wage increase.
------------The given question is incomplete, the complete question is:
"If the government implemented a minimum wage increase from $7.25 to $15 per hour in the area where Kalina's Krepes is located, and assuming that Kalina's currently employs 4 workers for 8 hours a day, how much would the business's total production costs increase? Given that Kalina's currently sells their krepes for $4 each, how much would they need to increase their prices to maintain the same profit margin of 50%?"-----------
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arthur's parents own a home appliances business. his parents along with his three older brothers manage the business together. they want arthur to help with the business once he graduates. arthur has agreed to join the family business without putting much thought into this decision. in this scenario, arthur is in the status of identity referred to as
Answers
Arthur is in the status of identity referred to as: Identity foreclosure.
Foreclosure status of identity: This is the position of identity development in which a person has not been through a personal exploration process and has only agreed to follow in the footsteps of his or her family, and the individual's commitment to a given status is based only on what others have informed them about that status.
The foreclosure status of identity is associated with the propensity to take on the beliefs and expectations of others without questioning them, and it is usually observed among individuals from traditional cultures where conformity is valued over individualism.
This is a permanent way to integrate personal beliefs and views with the surrounding social environment. Thus, Arthur has foreclosed on his identity because he has agreed to join his family's business without any consideration.
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A set of strategies and activities that influences how we conduct business, the clothes we wear, where we live, and how we spend our money and time is a definition of:
Answers
Answer:
Marketing
Explanation:
This is exactly what you do in marketing.
19. Which medium has the advantage of moving images, sound, and portability in business?
*
(1 Point)
Newspapers
Transit Media
Internet
Radio
Answers
Answer:
Internet
Explanation:
Newspapers can be online, but they are originally on paper, transit media is on billboards or the sides of cars, and the radio is definitely not it.
Which of the following is not a reason that women have traditionally received less pay for doing the same work as men?
Women have been encouraged to pursue careers in lower paying fields such as teaching and nursing.
Some employers have assumed that women are not as interested in career advancement as men.
Women are not as willing to work as hard or as long as men in order to advance in their careers.
Overall, women have had less education, training, and experience in certain occupations than men.
Answers
Answer:
Women are not as willing to work as hard or as long as men in order to advance in their careers.
Explanation:
Match the following parts of the sales recruitment effort with its definition.
i. A job analysis
ii. A job description
iii. Job qualifications
a. A written document that describes job relationships and requirements that characterize each sales position.
b. A study of a particular sale position, including how the job is to be performed and the tasks that make up the job.
c. The aptitudes, knowledge, skills, and a variety of behavioral characteristics considered necessary to perform the job successfully.
Answers
Answer:
i) a
ii) b
iii) c
Explanation:
Business studies i need to fill it out
Answers
Answer:
Be completely honest.
Explanation:
why was the european coal and steel community created? select two answers.to develop new coal and steel supplies overseasto share the management of heavy industry to help prevent the creation of weapons of warto stop foreign exports of coal and steelto enforce safety rules in mining industries
Answers
The European Coal and Steel Community (ECSC) was created with the following objectives:
To share the management of heavy industry: One of the primary goals of the ECSC was to establish a supranational organization that would oversee and coordinate the coal and steel industries of its member countries. To help prevent the creation of weapons of war: A key underlying motive for establishing the ECSC was to promote peace and prevent future conflicts among European nations.The European Coal and Steel Community (ECSC) was an organization established in 1951 with the aim of integrating the coal and steel industries of six European countries: Belgium, France, Germany, Italy, Luxembourg, and the Netherlands. The ECSC was a pioneering effort to promote economic cooperation and prevent future conflicts by pooling the production of key resources. It created a common market for coal and steel, abolished trade barriers, and established a supranational authority to oversee these industries.
The ECSC's success laid the foundation for deeper European integration and led to the creation of the European Union. It demonstrated that economic interdependence and cooperation could contribute to peace and stability in Europe. The ECSC treaty expired in 2002, but its legacy continues to shape European integration and cooperation in various domains.
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i. Explain how the combination of regional comparative advantage and scale economies in transportation combine to produce trading firms and market cities.
ii. Cities attempt to attract firms by offering them subsidies. Explain 4 types of inducements.
iii. According to the empirical studies, what effect do state and local taxes and public services have on location choices?
Answers
Regional specialization, transportation scale economies, and inducements such as subsidies attract trading firms and market cities, while lower taxes and quality public services influence location choices.
How to determine regional comparative advantage?i. Regional specialization in producing goods or services efficiently, along with transportation scale economies, leads to the rise of trading firms and market cities by enabling cost advantages and efficient distribution to larger customer bases.
ii. Subsidies, such as tax incentives, infrastructure development, grants or loans, and regulatory assistance, are among the inducements offered by cities to attract firms, facilitating business operations and reducing costs.
iii. Research shows that state and local taxes, as well as public services, impact location choices. Lower tax rates and favorable tax policies attract businesses, while well-developed public services like transportation and education systems enhance a region's appeal to firms.
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What days are BIM classes held?
Answers
Classes take place on Mondays and Wednesdays from 4:00-6:00 pm EST, at The Plan Room located at 1815 W Broadway.
Have a Nice Day.
In a collective bargaining contract, factors related to shift operations and hazardous work are typically covered under the ________ provision.
A) wage determination
B) job or income security
C) special groups
D) plant operations
E) paid and unpaid leave
Answers
In a collective bargaining contract, the provision that typically covers factors related to shift operations and hazardous work is the "job or income security" provision.
This provision outlines the terms and conditions under which employees will be compensated for working in hazardous conditions or on shifts that may be less desirable than others. It may include provisions related to overtime pay, hazard pay, or other forms of compensation that are designed to offset the risks and difficulties associated with these types of work arrangements. The job or income security provision is an important component of collective bargaining agreements, as it helps to ensure that employees are fairly compensated for the work they do and are protected from economic hardship due to changes in their work environment or job duties. This provision may also include language related to seniority, layoffs, and other employment-related issues that can affect an employee's job security over time.
Overall, the job or income security provision is a key consideration in any collective bargaining negotiation, and a long answer to your question would likely delve into more detail about the specific terms and conditions that are typically included in this provision, as well as the ways in which it can impact both employees and employers.
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Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
Answers
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
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Casper Inc. issued shares of $1,000,000 in the current accounting period. How will this transaction affect the cash flow statement, if Casper uses the indirect method of calculating the cash flow?
А. increase in net cash flow from operating activities
B. decrease in net cash flow from operation activities
C. increase in cash flow from investing activities
D. decrease in cash flow from investing activities
E. decrease in cash flow from financial activities
Answers
Because is True
Based on the information, this transaction affects the cash flow statement, with a decrease in cash flow from financial activities if Casper uses the indirect method of calculating the cash flow.
What is the importance of a financial statement?A financial statement helps an individual as well as an organization to determine the financial position of the company in the market by making a balance sheet to identify profits and losses and make improvements.
By subtracting the value of net profit at the completion of the financial quarter, the indirect approach calculates cash flow. On an accrual system, the cash flow statement originates with net income; it then adds and subtracts non-cash items to reconcile to real cash flow.
Therefore, option E is appropriate.
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.3. One day you happen to hear a snippet of conversation between two graduate students, who are drinking coffee and contemplating an open box of exquisitely delicious chocolate truffles in the Page Break Café. The first student opines that one can definitely outline a set of objective design principles that should underpin the construction of any professional chart or map. The second student disagrees vehemently and argues that the one and only important thing to worry about is aesthetics. The first student is speechless. What do you think? Use your knowledge of data visualization to inform your answer, and be sure to explain your answer carefully.
Answers
The debate between the two graduate students revolves around the importance of objective design principles versus aesthetics in the construction of professional charts or maps.
Objective design principles in data visualization serve as guidelines to ensure clarity, accuracy, and effective communication of information. These principles include considerations such as appropriate use of colors, legibility of text, proper labeling, and accurate representation of data. By adhering to these principles, charts and maps can convey the intended message clearly, facilitating data comprehension and analysis.
However, aesthetics cannot be disregarded. Visual appeal and aesthetics contribute to the overall user experience and can enhance engagement with the data. An aesthetically pleasing chart or map can captivate the viewer's attention, stimulate interest, and encourage exploration of the data. Attention to aesthetics involves aspects such as visual balance, appropriate use of visuals and typography, and overall design coherence.
Both objective design principles and aesthetics are important in data visualization because they serve different purposes. Objective design principles ensure accuracy and effective communication, while aesthetics enhance engagement and user experience. Striking a balance between these two aspects is crucial to create visually appealing and informative visualizations that effectively convey the intended message while engaging the audience.
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