Answer:
124.39Y/$
Explanation:
Calculation to determine the approximate forward exchange rate for 180 days
Using this formula
Forward exchange rate/spot exchange rate = [(1+rh)/(1+rf)]*r
Where,
rh = periodic interest rate in the home currency
rf = periodic interest rate in the foreign currency
r=Spot rate
Forward exchange rate= [1+3%*180/360]/[1+4%*180/360]*125¥/$.
Forward exchange rate = 1.015/1.02* 125¥/$
Forward exchange rate= 124.39Y/$
Therefore the approximate forward exchange rate for 180 days is 124.39Y/$
Answer:
December 31, 2015, bad debt written off
Dr Bad debt expense 1,200
Cr Accounts receivables 1,200
September 15, 2016, write off is partially reversed and a partial payment is collected
Dr Accounts receivable 600
Cr Bad debt expense 600
Dr Cash 600
Cr Accounts receivable 600
Answer:
False
Explanation:
Merchandise inventory is the stock that company have to kept in its godown while the account receivable is that when company sold the goods on credit basis to the customer
So here the company could received the payment within 12 months it can be in within month also
So the given statement is false
Answer:
The statement is: True.
Explanation:
Environmental scanning refers to the analysis companies make of the immediate and further atmosphere that will allow them to spot <em>threats </em>to counteract or mitigate them and <em>opportunities </em>from where the firm can make a profit. Organizations engaging environmental scanning constantly review different mediums of communication and conduct researches that will keep them up-to-date on market fluctuations.
