A wholly-owned subsidiary of Ward, Inc. has certain expense accounts for the year ended December 31, 2015, stated in FCs as follows: FC .

Depreciation of equipment(related assets were purchased January 1, 2013) $120,000

Bad debts $80,000

Rent $200,000

The exchange rates at various dates are as follows:

Dollar equivalent 1 FC

December 31, 2015 $.40

Average for year ended 12/31/15 $.44

January 1, 2013 $.50

Assume that the FC is the subsidiary’s functional currency and that the charges to the expense accounts occurred approximately evenly during the year. Inflation is not significant. What total dollar amount should be included in Ward’s 2015 consolidated income statement to reflect these expenses?

a. $160,000

b. $168,000

c. $176,000

d. $183,200

Which statement below best describes george waring's approach to solving the problems of water-borne illness? a. waring is going with his "gut," because he believes that instincts and emotions are the best guides for action. b. waring efficiently and thoroughly lays out the case for why the problems are too large and overwhelming to be solved: people should just move out of cities back to their farms. c. waring has gathered the testimonies of people who live in densely populated areas in order to learn how they themselves have solved their problems. d. waring exhibits the industrial age's increased respect for and reliance on science and the scientific method.

Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e.g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)

You are the cfo of a u.s. firm whose wholly owned subsidiary in mexico manufactures component parts for your u.s. assembly operations. the subsidiary has been financed by bank borrowings in the united states. one of your analysts told you that the mexican peso is expected to depreciate by 30 percent against the dollar on the foreign exchange markets over the next year. what actions, if any, should you take