On March 1, 2015, a U.S. company made a credit sale requiring payment in 30 days from a Malaysian company, Hamac Sdn. Bhd., in 20,000 Malaysian ringgits. Assuming the exchange rate between Malaysian ringgits and U.S. dollars is $0.4538 on March 1 and $0.4899 on March 31, prepare the entries to record the sale on March 1 and the cash receipt on March 31.
Answer to relevant QuestionsOn December 31, 2015, Reggit Company held the following short-term investments in its portfolio of available-for-sale securities. Reggit had no short-term investments in its prior accounting periods. Prepare the December 31, ...Carlsville Company, which began operations in 2015, invests its idle cash in trading securities. The following transactions are from its short-term investments in trading securities. 2015 Jan. 20 Purchased 800 shares of Ford ...Paris Enterprises, which began operations in 2015, invests in long-term available-for-sale securities. Following is a series of transactions and events involving its long-term investment activity. 2015 Mar. 10 Purchased ...Samsung, Apple, and Google are competitors in the global marketplace. Following are selected data from each company. Required 1. Compute Samsung’s return on total assets, and its components of profit margin and total asset ...For each of the following three separate cases X, Y and Z, compute cash flows from operations using the indirect method. The list includes all balance sheet accounts related to cash from operating activities.
Post your question