Transacting business with a foreign vendor

Assignment Help Accounting Basics
Reference no: EM13152147

Which of the following does not represent an exchange risk on an exposed position to a company transacting business with a foreign vendor?

a. transaction is denominated in foreign currency, settled at a future date

b. firm commitment to purchase inventory to be paid for in foreign currency

c. Forecasted foreign currency transaction with a high probability of occurrence

d. firm commitment to purchase inventory denominated in U.S. dollars

Reference no: EM13152147

Questions Cloud

What is the probability that the sample proportion p : What is the sampling distribution of p ? for this study? What is the probability that the sample proportion p?
Tax consequences on transfer of property for stock : The other 35 percent is owned by Gloria, who acquired it several years ago. What are the tax consequences to Juan due to his transfer of property for stock in Green Corporation?
Differentiating characteristics of public and private goods : Analyze the characteristics of each of these goods. Focus on the characteristics that define each good as public or private.
Determining amount in finished goods inventory : The CFO of Tierney Construction, Inc.has asked you to recalculate the following accounts and to report to him by the end of tomorrow. What should be the amount in the finished goods inventory at December 31, 2010?
Transacting business with a foreign vendor : Which of the following does not represent an exchange risk on an exposed position to a company transacting business with a foreign vendor?
E order processing overhead should be allocated to jackets : The company places raw materials orders 10 times per month, 2 times for raw materials for sweaters and the remainder for raw materials for jackets. How much of the order processing overhead should be allocated to jackets?
What is the number of moles of air : At 0.0oC, if the volume of air is 2.6 mL and the pressure of the atmosphere that day is 815 mmHg, what is the number of moles of air?
Final record value if two-transaction method is used : A U.S. firm has purchased, for 50,000 FCs, an electric generator from a foreign firm. The exchange rates were 1 FC = $0.80 on the delivery date and 1 FC = $0.76 when the payable was paid. What is the final recorded value if the two-transaction met..
Divisions located in different countries : Discuss the issues and complications that may arise when multinational corporations conduct performance measurement and comparisons among divisions located in different countries.

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  What is stan realized gain on the sale

How would your answer to Part a. change, if at all, if the FMV of the gift property was $85,000 as of the date of the gift.

  Journalize the transactions for horner corporation

Host Corporation is authorized to issue 800,000 shares of $7 par value common stock. During 2010, its first year of operation, the company has the following stock transactions.

  Develop a document flowchart

The individual stores in the Mark Goodwin convenience chain prepare two copies of goods requisition form (GRF) when they need to order merchandise from the central warehouse.

  What sort of ongoing training should take place

What are some of the most common costs incurred associated with an audit engagement? Which costs could be better controlled? Why?

  Prepare a contribution margin format income statement

Annual common fixed expenses for the company totals $100,000. During the year Greenville Goober sold 35,000 units of Product A and 20,000 units of Product B.

  Amount of working capital required

Managing working capital effectively is what keeps good businesses from going bankrupt. So how does management determine the total amount of working capital required?

  Statements referring to fixed costs

Which of the follwoing statemetns is true when referring to fixed costs? 1. Committed fixed costs arise from the annual decisions by management. 2. As volume increases, unit fixed cost and total fixed cost will change.

  Different types of audit risk

Compare and contrast the different types of audit risk. Determine the type of risk that you think is the least detrimental and the most detrimental. Defend your answer.

  Classifications within other comprehensive income

Define three classifications within other comprehensive income and give an example of each.

  How much gain or loss must barry recognize

How much gain or loss must barry recognize, and how is it characterized. Account receivable fmv 90,000 three partners.

  Recording transactions affecting the enterprise fund

Recording Transactions Affecting the Enterprise Fund and Business-Type Activities,  Prepare general journal entries to record the December 31, 2013, accounts and balances for the Water Utility Fund, selecting the corresponding accounts from drop-down..

  Date of the financial statements

At the date of the financial statements, common stock shares issued would exceed common stock shares outstanding as a result of the

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd