Maurice Tutor

(5)

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 4 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 21 Aug 2017 My Price 5.00

Canadian parent company

  1. On January 1, the wholly-owned Mexican affiliate of a Canadian parent company acquired an inventory of computer hard drives for its assembly operation. The cost incurred was 15,000,000 pesos when the exchange rate was MXN11.3 = C$1. By year- end, the Mexican affiliate had used three- fourths of the acquired hard drives. Due to ad- vances in hardware technology, the remaining inventory was marked down to its net realiz- able value of MXN1,750,000. The year-end exchange rate was MXN12.3 = C$1. The aver- age rate during the year was MXN11.8 = C$1.

Required:

  1. Translate the ending inventory to Canadian dollars assuming the Mexican affiliate’s functional currency is the Mexican peso.

  2. Would your answer change if the func- tional currency were the Canadian dollar? Please explain

Answers

Maurice Tutor
(5)
Status NEW Posted 21 Aug 2017 01:08 PM My Price 5.00

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