The world’s Largest Sharp Brain Virtual Experts Marketplace Just a click Away
Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 408 Weeks Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Benjamin, Inc., operates an export/import business. The company has considerable dealings with companies in the country of Camerrand. The denomination of all transactions with these companies is alaries (AL), the Camerrand currency. During 2013, Benjamin acquires 20,000 widgets at a price of 8 alaries per widget. It will pay for them when it sells them. Currency exchange rates for 1 AL are as follows:
|
September 1, 2013 |
$0.46 |
|
December 1, 2013 |
0.44 |
|
December 31, 2013 |
0.48 |
|
March 1, 2014 |
0.45 |
a. Assume that Benjamin acquired the widgets on December 1, 2013, and made payment on
March 1, 2014. What is the effect of the exchange rate fluctuations on reported income in
2013 and in 2014?
b . Assume that Benjamin acquired the widgets on September 1, 2013, and made payment on December 1, 2013. What is the effect of the exchange rate fluctuations on reported income in 2013?
c . Assume that Benjamin acquired the widgets on September 1, 2013, and made payment on
March 1, 2014. What is the effect of the exchange rate fluctuations on reported income in
2013 and in 2014?
Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------pos-----------ted----------- so-----------lut-----------ion-----------.Pl-----------eas-----------e p-----------ing----------- me----------- on-----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be-----------