subject
Business, 22.04.2020 02:47 UncleE123

: a) depreciation for equipment purchased on January 1, 20X2 - 120,000 b) rent expense - 200,000 c) bad debt expense - 80,000 Below are the exchange rates at various dates: Date USD equivalent of 1 Local Currency Unit January 1, 20X2 0.50 December 31 ,20X5 0.40 Average, 20X5 0.44 What is the total dollar amount that should be included in Crush's income statement for the above expense accounts if the local currency is the functional currency?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 18:10
Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?
Answers: 1
question
Business, 22.06.2019 22:40
Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?
Answers: 1
question
Business, 22.06.2019 23:10
Amazon inc. does not currently pay a dividend. analysts expect amazon to commence paying annual dividends in three years. the first dividend is expected to be $2 per share. dividends are expected to grow from that point at an annual rate of 4% in perpetuity. investors expect a 12% return from the stock. what should the price of the stock be today?
Answers: 1
question
Business, 23.06.2019 01:30
What is a market? a. a system that allows people or companies to buy and sell products and services b. the number of companies willing to manufacture a specific product c. the ability to buy production materials in large quantities and save on costs d. a product's ability to satisfy a consumer
Answers: 2
You know the right answer?
: a) depreciation for equipment purchased on January 1, 20X2 - 120,000 b) rent expense - 200,000 c)...
Questions
question
Mathematics, 15.04.2020 19:58
question
Mathematics, 15.04.2020 19:58
question
Mathematics, 15.04.2020 19:58
Questions on the website: 13722367