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Thomas Ltd is an Australian company that sells eucalyptus products, with a functional currency of A$. The company entered into a number of transactions denominated in US$ during the year ended 30 June 2020. Problem 1: Given that the closing exchange rate is A$1.00 = US$0.77, determine the translated amount that will be included in the financial statements for each of the following transactions or events: 1. Credit sale of US$240,000 on 12 March 2020 when the exchange rate is A$1.00 = US$0.68. Received cash from debtor of US$120,000 on 30 June 2020.
2. Credit purchase of inventories of US$320,000 on 15 June 2020 when the exchange rate is A$1.00 = US$0.62. The creditor remains unpaid at 30 June 2020.
Determine the variable cost per order shipped and determine the fixed shipping costs per quarter.
Assume that the company was operating at 75% capacity, What would be Addition to retained earnings if the company operates on 75% compare to full capacity.
The Bull Company, a lawn mower manufacturer, is considering the introduction of a new model. The initial outlay required is $22 million. Net cash flows over the 4-year life cycle and the corresponding certainty-equivalents of the new model are as fol..
A 15-year, semiannual coupon bond sells for $978.00. The bond has apar value of $1,000 and a yield to maturity of 5.42 percent. What is the bond's coupon rate?
Write a Bank Reconciliation Statement for One Day Cleaner at November 30.Included on the bank statement was a credit for $168 interest earned
Sanya and kriti are interested in organizing a new interior decorating business as 80-20 owners. Sanya will contribute $60,000 in exchange for an 60% ownership interest and kriti will contribute $20,000 for a 20% ownership interest. Assuming the busi..
Catdog Corporation earned revenues of $45 million, What are the balances for accounts receivable and accounts payable in its 20X7 annual report?
Calculate return on assets (ROA) and decompose ROA into profitability and productivity measures (Modules 1 and 4).
What performance measures would you to install to measure and determine if your suggestions are working and targets are being met
Average inventories of 45000, and average accounts recieveable of $90000. Assuming that all of gabe's sales are on credit, what will be the firm operating cycle
You expect equity market would provide a return of 12% and will have a standard deviation of 18%. The risk free rate is 4%. What would be the expected market risk premium based on your risk aversion score?
Which Types of control procedures within the framework for audit of program modification procedures includes? Implementing firewalls
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