Christina Company (a U. S.-based company) has a subsidiary in Canada that began operations at the start of 2020 with assets of 150,000 Canadian dollars (CAD) and liabilities of CAD 90,000. During this initial year of operation, the subsidiary reported a profit of CAD 44,000. It distributed two dividends, each for CAD 6,800 with one dividend declared on March 1 and the other on October 1. Applicable U. S. dollar ($) exchange rates for 1 Canadian dollar follow: January 1, 2020 (start of business) $0.73
March 1, 2020 0.71
Weighted average rate for 2020 0.70
October 1, 2020 0.69
December 31, 2020 0.68

Assume that the Canadian dollar is this subsidiary’s functional currency. What translation adjustment would the company report for the year 2020? Assume that on October 1, 2020, Christina entered into a forward exchange contract to hedge the net investment in this subsidiary. On that date, the company agreed to sell CAD 240,000 in three months at a forward exchange rate of $0.69/CAD1. Prepare the journal entries required by this forward contract.

Compute the net translation adjustment the company will report in accumulated other comprehensive income for the year 2020 under this second set of circumstances.

Problem 2-18 job-order costing for a service company [lo2-1, lo2-2, lo2-3]speedy auto repairs uses a job-order costing system. the company's direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics' hourly wages. speedy's overhead costs include various items, such as the shop manager's salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. the company applies all of its overhead costs to jobs based on direct labor-hours. at the beginning of the year, it made the following estimates: direct labor-hours required to support estimated output 10,000fixed overhead cost $ 90,000variable overhead cost per direct labor-hour $ 1.00 required: 1. compute the predetermined overhead rate.2. during the year, mr. wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. the following information was available with respect to his job: direct materials $ 600direct labor cost $ 180direct labor-hours used 2 compute mr. wilkes' total job cost. 3. if speedy establishes its selling prices using a markup percentage of 30% of its total job cost, then how much would it have charged mr. wilkes?

In a small group, members have taken on the task roles of information giver, critic/analyzer, and recorder, and the maintenance roles of gatekeeper and follower. they need to fulfill one more role. which of the following would be most effective for their group dynamics? a dominator b coordinator c opinion seeker d harmonizer

Which of these is an example of innovation?