User Account

All Pages

What is the value of the export receipt

Assignment Help Accounting Basics
Reference no: EM133036627

Question - An Australian export company wishes to sell its euro receipts, EUR 500 000, through an FX dealer and receives the following quote: 'Aussie EURO spot is one-twenty-two fifty-five to sixty five'. What is the value of the export receipt?

a. $407 664.09

b. $407 996.74

c. $612 750.00

d. $613 250.00

Reference no: EM133036627

Questions Cloud

What is a maturity bucket in the repricing model : Question - What is a maturity bucket in the repricing model? Why is the length of time selected for repricing assets and liabilities important
Multinational processes and data : Select a "multinational organisation" of your choice (except DELL computers that was part of Q4) that has been mentioned in the news media in the past 12 months
What amount of loss on impairment of goodwill : The net identifiable assets of the Big World (excluding goodwill) had a fair value of $4,740,000 at that time. What amount of loss on impairment of goodwill
Solving the issues and achieve sdgs : Pick up a topic from the following list and discuss how business sector can contribute to solving the issues and achieve SDGs
What is the value of the export receipt : An Australian export company wishes to sell its euro receipts, EUR 500 000, through an FX dealer. What is the value of the export receipt
Hbr case of the globalization of cemex : Based on the HBR case of The Globalization of CEMEX. What has happened with Cemex since the end of the HBR case?
Explain the foundations of private insurance : Explain the foundations of private insurance, group insurance, and self-insurance. Who benefits from each of these? Why is it important to understand basic foun
What amount should be reported as loss on sale : The cost of these securities was P200,000, P1,500,000, and P3,000,000, respectively. What amount should be reported as loss on sale
What is the current rate on a bond : What is the current rate on a bond with a coupon rate of 4% selling at $1200? Why is the current rate lower than the coupon rate? Show math.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What will be the journal entry to record payment

A company that uses the perpetual inventory system purchases inventory for $55000. What will be the journal entry to record payment

  Determine the EOQ

Determine the EOQ if? (1) the conditions stated above? hold, (2) order cost is? $1.00 rather than ?$55?, and? (3) order cost is ?$55 but carrying cost is ?$0.01

  How to create bad debts expense account

How to create bad debts expense account. When you decide to write off a bad debt, you need to reflect this in your MYOB. Bad debts are a reversal of original.

  What is the purpose of the statement of cash flows

What is the purpose of the statement of cash flows? Why would we want to convert accrual basis net income to cash basis when creating statement of cash flows

  What are the accounts affected by the transaction

Seventh Heaven Company received cash from a customer for services to be performed in October. What are the accounts affected by this transaction?

  Boeing cash flow from operating activities

What was Boeing's cash flow from operating activities for the fiscal year?

  Which account is increase when you buy merchandise inventory

Which of these is true about the normal balance of an income summary? When using a periodic inventory method, which account is increased when you buy merchandise inventory?

  Annual cash flows over the expected life of the equipment

Calculate the items for proposed equipment purchase - Annual cash flows over the expected life of the equipment

  What depreciation method is used for reporting of property

7901AFE Accounting and Reporting Assignment. What depreciation method is used for reporting of property, plant & equipment (PPE)? Does the company disclose assumed useful lives for depreciation purposes? If so, what are the useful lives of the main..

  Prepare the general journal entries required to account

Prepare the general journal entries required to account for the previous information and transactions assuming the government uses the purchases method

  What is swifty corporation ending inventory

Swifty Corporation had January 1 inventory of $296000 when it adopted dollar-value LIFO. What is Swifty Corporation's ending inventory?

  How would you allocate additonal 5 million are there other

how would you allocate additonal 5 million? are there other areas in which to spend the money not mentioned in 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!

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