Cooper grant is the president of acme brush of brazil, the wholly owned brazilian subsidiary of u. s.-based acme brush inc. cooper grant’s compensation package consists of a combination of salary and bonus. his annual bonus is calculated as a predetermined percentage of the pretax annual income earned by acme brush of brazil. a condensed income statement for acme brush of brazil for the most recent year is as follows (amounts in thousands of brazilian reals [brl]): sales brl 10,000 expenses 9,500 pre-tax income brl 500 after translating the brazilian real income statement into u. s. dollars, the condensed income statement for acme brush of brazil appears as follows (amounts in thousands of u. s. dollars [us$]): sales us$ 3,000 expenses 3,300 pretax income (loss) us$ (300 ) why did acme brush of brazil’s pretax income (in brl) become a u. s.-dollar pretax loss? multiple choice because there was a mistake in calculating pre-tax income in brazil because sales and expenses are translated at different exchange rates because the accountant in charge of translating the brazilian annual report made a mistake because raw materials used in acme brush of brazil production are much more expensive in the u. s.
Answers: 2
Business, 21.06.2019 17:10, jackchelly
American gas products manufactures a device called a can-emitor that empties the contents of old aerosol cans in 2 to 3 seconds. this eliminates having to dispose of the cans as hazardous wastes. if a certain paint company can save $75,000 per year in waste disposal costs, how much could the company afford to spend now on the can-emitor if it wants to recover its investment in 3 years at an interest rate of 20% per year?
Answers: 1
Business, 22.06.2019 08:30, laurabwhiddon
The production manager of rordan corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st quarter 2nd quarter 3rd quarter 4th quarter units to be produced 10,800 8,500 7,100 11,200 each unit requires 0.25 direct labor-hours, and direct laborers are paid $20.00 per hour. required: 1. prepare the company’s direct labor budget for the upcoming fiscal year. assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. 2. prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. instead, assume that the company’s direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2,500 hours of work each quarter. if the number of required direct labor-hours is less than this number, the workers are paid for 2,500 hours anyway. any hours worked in excess of 2,500 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.
Answers: 2
Cooper grant is the president of acme brush of brazil, the wholly owned brazilian subsidiary of u. s...
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