Business, 14.03.2020 06:27 Queenhagar

1. A U. S. company acquired a Turkish subsidiary at the beginning of the current year. The subsidiary's trial balances for January 1 and December 31 are presented below, in Turkish lira. January 1 Dr (Cr) December 31 Dr (Cr) Cash, receivables ₺ 40,000 ₺ 20,000 Plant & equipment, net 400,000 435,000 Liabilities (175,000) (170,000) Capital stock (115,000) (115,000) Retained earnings, January 1 (150,000) (150,000) Dividends 15,000 Sales revenue (800,000) Operating expenses 765,000 Total ₺ 0 ₺ 0 2. New plant & equipment of ₺100,000 was acquired during the year. Operating expenses include ₺65,000 of depreciation on plant & equipment, of which ₺10,000 is related to plant & equipment purchased during the year. Exchange rates (U. S.$/₺) are as follows: January 1 $0.24 Average for year 0.25 Plant & equipment acquired 0.26 Dividends declared 0.27 December 31 0.30 3. Assume that the subsidiary's functional currency is the Turkish lira. What are translated total assets for the subsidiary at the end of the year?

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 02:00

4. suppose that pollution in a neighborhood comes from two factories, with marginal benefit curves given by mb1 = 12 – p1 and mb2 = 8 – p2. the level of pollution in the neighborhood is given by p = p1 + p2. the government wants to limit pollution by instituting a pollution-rights market. the government’s desired level of p is 10, so it prints 10 pollution rights and offers them for sale to the firms.a)find the equilibrium selling price of a pollution right, as well as the allocation of rights (and hence pollution levels) across the two factories. b)repeat part (a) for the case where the government’s desired level of pollution equals 14. c)comment on the usefulness of a pollution rights market in achieving efficient levels of pollution abatement.

Answers: 2

Answer

Business, 22.06.2019 17:30

Dr. sperry, a biologist, is using excel to track growth rates of different populations of bacteria. she has a very complex formula in one cell. it begins with “round”. dr. sperry would like to see exactly how excel’s calculation reached the final rounded value that she sees in the cell. what could dr. sperry do to best understand how the calculation was made? try different formulas on her own until she reaches the value shown in excel click on the evaluate formula button in the formulas tab and then click “step in” select the cell and then look at the formula in the formula field of the ribbon remove “round” from the formula in order to see the actual value before rounding

Answers: 2

Answer

Business, 23.06.2019 00:00

Winston churchill's stamp collection was valued at $14 million when he died. at auction, it brought in only $4 million. what was it worth? why?

Answers: 3

Answer

Business, 23.06.2019 12:10

A. calculate the payoff and profit at expiration for the february 190 calls, if you purchase the option at the stated price and at expiration the stock price is $195. b. calculate the payoff and profit at expiration for the february 195 puts, if you purchase the option at the stated price and at expiration the stock price is $195.

Answers: 3

Answer

You know the right answer?

1. A U. S. company acquired a Turkish subsidiary at the beginning of the current year. The subsidiar...

Questions