Assume that in 1990 a Toyota Corolla sold for 1,476,000 yen in Japan and $8,200 in the U.S. The car still sells for the same amount of yen today, but the current exchange rate is 85 yen per dollar, what is the car selling for today in U.S. dollars?
A) $14,760
B) $17,365
C) $18,204
D) $9,647
Answer: B
You might also like to view...
Answer the following statements true (T) or false (F)
1) A company is uncertain whether a complex transaction should be recorded as a gain or loss. Under the conservatism principle, it should choose to treat it as a loss. 2) A company is uncertain whether a complex transaction should result in an asset being recorded at $100,000 or at $150,000. Under the conservatism principle, it should choose to show it at $100,000. 3) The consistency principle states that businesses should report the same amount of ending merchandise inventory from period to period. 4) The disclosure principle states that a company should report enough information for outsiders to make knowledgeable decisions about the company. 5) A company discovers that its cost of goods sold is understated by an insignificant amount. It does not need to correct the error because of the conservatism principle.
You should have an authoritative tone when corresponding with multiple audiences
Indicate whether this statement is true or false.
A typical manufacturer spends:
A) about 25% of its total income from sales on purchased services and materials. B) about 45% of its total income from sales on purchased services and materials. C) more than 60% of its total income from sales on purchased services and materials. D) almost 80% of its total income from sales on purchased services and materials.
The 200 percent or double declining balance method is allowable for five- and seven-year property.
Answer the following statement true (T) or false (F)