How can a local currency operating budget and actual results be translated into parent currency without holding the foreign manager responsible for foreign exchange risk? multiple choice translating the budget and actual results using the same exchange rate will exclude an exchange rate component from the budget total variance. using the historical exchange rate for the budget and current exchange rate for the budget will exclude an exchange rate component from the budget total variance. using the current exchange rate for the budget and historical exchange rate for the budget will exclude an exchange rate component from the budget total variance. it’s never appropriate to hold the foreign manager responsible for foreign exchange risk.

Lincoln company has an accounting policy for internal reporting purposes whereby the costs of any research and development projects that are over 70 percent likely to succeed are capitalized and then depreciated over a five-year period with a full year of depreciation in the year of capitalization. in the current year, $400,000 was spent on project one, and it was 55 percent likely to succeed, $600,000 was spent on project two, and it was 65 percent likely to succeed, and $900,000 was spent on project three, and it was 75 percent likely to succeed. in converting the internal financial statements to external financial statements, by how much will net income for the current year have to be reduced? a. $180,000b. $380,000c. $720,000d. $900,000

Refers to the way we conduct ourselves

Abank provides its customers mobile applications that significantly simplify traditional banking activities. for example, a customer can use a smartphone to take a picture of a check and electronically deposit into an account. this unique service demonstrates the bank’s desire to practice which one of porter’s strategies?