User Account

All Pages

How much should Rama report in its income statements

Assignment Help Managerial Accounting
Reference no: EM132995278

Question - Rama Corporation, bought inventory items from a supplier in Germany on November 5, 2016 for 100.000 marks, when the spot rate was $21. At Rama' December 31, 2016, year end, the spot rate was $20.5. On January 15, 2017, Rama bought 100,000 marks at the spot rate of $20.90 and paid the invoice. How much should Rama report in its income statements for 2016 and 2017 as foreign exchange transaction gain or (loss)?

Reference no: EM132995278

Questions Cloud

Prepare statement of cash flows for the year ended December : Cash dividends of $35,000 were declared and paid during the year. Prepare statement of cash flows for the year ended December
Performance appraisal and job evaluation : Differentiate between performance appraisal and job evaluation
Explain the competitive advantage for macy : How do I explain the "External Factor Evaluation (EFE) Matrix" for Macy's?
What are the three types of unemployment : What are the three types of unemployment? Unemployment is seen by some as undesirable. Are all three types of unemployment undesirable?
How much should Rama report in its income statements : On January 15, 2017, Rama bought 100,000 marks at the spot rate of $20.90 and paid the invoice. How much should Rama report in its income statements
Is the successful development and delivery of a vaccine : What hidden information is revealed by Pfizer's deal? Is the successful development and delivery of a vaccine for Covid-19 virus risky or an uncertainty?
Calculate the length of the working capital : Calculate the length of the working capital cycleby making use of the ratios, days stock on hand (inventory); debtors collection period
How in principle should the cfo determine cost of capital : Is a forecasted 8% return in the encabulator business necessarily better than a 4% safe return on short-term U.S. government securities?
How much will he have to save each month : If he can earn an EAR of 10 percent before he retires and an EAR of 7 percent after he retires, how much will he have to save each month

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What financial advantage of accepting new customer order

additional Betas for a price of $63 per unit. What is the financial advantage (disadvantage) of accepting the new customer's order?

  Determine the actual materials cost incurred for manufacture

Determine the actual materials cost incurred for the manufacture of 5,000 finished units, and compute the total materials variance.

  Evaluate the cumulative balanced scorecard results

Use as many examples as you can to show the logic which underpinned your decisions. Be sure you analyze, discuss and detail to explain both the “Why” and the “How”.  Data should be used to back up your statements wherever necessary, e.g. market share..

  How can an investor buy Samsung stock in the US

While Samsung is a hugely popular brand, holding its shares has never been easy for U.S. investors. How can an investor buy Samsung stock in the US?

  Calculate predetermined overhead rate for each department

Company uses a job-order cost system in each of its two manufacturing departments. Calculate predetermined overhead rate for each department

  Explain how goodwill is determined under each practice

Describe and compare the process when a subsidiary is consolidated under IFRS versus U.S. GAAP. Also, explain how goodwill is determined under each practice.

  Difference between hard and soft risk management benefits

What are the benefits of risk management? What is the difference between hard and soft risk management benefits? Why would an organization choose one risk management benefit over another?

  Calculate the cost of direct materials used in production

If there is no beginning work in process inventory and ending work in process inventory is $50,000, what is the cost of goods manufactured?

  What was the bid spread for Twitter

Transaction costs for selling the 1,100 shares of Twitter in December were $59.95. What was the bid/ask spread for Twitter at the time your trade was executed?

  Which demographic shift if any do feel will a noticeable

Which demographic shifts, if any, do you feel will have a noticeable impact on the marketing for your new product/service in the next 10 years?

  Find the dividend yield for the stock

Market required rate of return: 14%; Projected dividend paid for next year (D1) = $1.75; Current Price of Stock $45.00. Find the Dividend Yield for the Stock

  Compute the spending variance

Favorable flexible budget variance of $3000, unfavorable efficiency variance of $2500. Compute the spending variance

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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