Hosgood Distributing Inc converts its foreign subsidiary financial statements using the translation process. Their German subsidiary reported the following for 2014: revenues and expenses of 9,050,000 and 6,400,000 marks, respectively, earned or incurred evenly throughout the year, dividends of 2,000,000 marks were paid during the year. The following exchange rates are available: On January 1
2014 .................................... $.250 On December 31 . 2014 .................................. .285 Average rate for 2014 ................................. .270 Rate when dividends were declared and paid ............ .255 Translated net income for 2014 is
a. $755,250.
b. $715,500.
c. $662,500.
d. $675,750.
B
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In an economy, the amount of money held in currency and coins is $3,500, the amount of money held as traveler's check is $1,000, the amount of money held as checkable deposits is $2,000, the amount of money held in savings deposit is $4,000, and the amount of money held with retailed money market mutual funds is $700. M1 in the economy equals
A. $3,500. B. $6,500. C. $10,500. D. $11,300.
Those who speak out against the group decision but are pressured into conformity are being ______.
A. depressed B. suppressed C. rationalized D. pressured
All property, plant, and equipment assets are depreciated over time
Indicate whether the statement is true or false
The measurement of how easy it would be to detect that the event was going to occur in time to take mitigating action is known as ________.
Fill in the blank(s) with the appropriate word(s).