December 20, 2017 December 31, 2017 January 10, 2018 $1.05 1.02 0.98
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On December 20, 2017, Butanta Company (a U.S. company headquartered in Miami, Florida) sold parts to a foreign customer at a price of 50,000 ostras. Payment is received on January 10, 2018. Currency exchange rates for 1 ostra are as follows:
a. How does the fluctuation in exchange rates affect Butanta’s 2017 income statement?
b. How does the fluctuation in exchange rates affect Butanta’s 2018 income statement?
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- payable. Interest Payment Date Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026 Dec 31, 2027 Dec 31, 2028 Dec 31, 2029 Dec 31, 2030 Cash Payment Amount $927,185 $87,185 $840,000 Decrease Interest in Expense Discount $840,000 $911,169 $71,169 $840,000 $916,151 $76,151 $840,000 $921,481 $81,481 $840,000 $927,185 $87,185 $840,000 $933,288 $93,288 $840,000 $939,818 $99,818 $840,000 $946,805 $840,000 $954,282 $840,000 $962,281 $122,281 $840,000 $970,841 $130,841 $106,805 $114,282 Discount $912,133 $835,982 $754,501 $667,316 $574,028 $474,210 $367,404 $253,123 $130,841 $0 TUS How much CASH will the company pay related to bond interest in 2024? Book Value $13,087,867 $13,164,018 $13,245,499 $13,332,684 $13,425,972 $13,525,790 $13,632,596 $13,746,877 $13,869,159 $14,000,000Accounts Payable as of December 31, 2020 should amount to: *A. 531,000B. 600,000C. 627,000D. 1,827,000Items Balance, Jan. 1, 2025 (a) Service Cost (b) Interest Cost (c) Actual Return (d) Contributions (e) Benefits Journal Entry for 2025 Balance, Dec. 31, 2025 The service cost for 2025 is O $115000. O $6000. O $37000. O $38000. Annual Pension Expense ?? dr 15000 dr General Journal Entries 16000 cr $37000 Pharoah Corporation Pension Worksheet Cash $37000 cr ?? Show Transcribed Text Pension Asset/ Liability ?? Memo Record Projected Benefit Obligation $115000 cr $115000 dr ?? Plan Assets ??
- December 31, 2020 December 31, 2019 Contributions due in less than one year $2,293,775 $2,305,753 Contributions due in one to five years 5,454,320 6,272,198 Contributions due in more than five years 1,098,384 1,696,768 Total Contribution $8,846,479 $10,274,719 Less Allowance for bad debts 166,972 398,723 Discount to net present value 497,812 710,124 Net Contribution $ 8,181,695 $ 9,165,872 Without Donor's Restrictions With Donor's Restrictions 2020 2019 2020 2019 Contributions due in less than one year $2,293,775 $2,305,753 Contributions due in one to five years 5,454,320 6,272,198 Contributions due in more than five years $1,098,384 $1,696,768 The discount rates used on long-term promises to give were 3 percent in 2020 and 2019. Suppose that the foundation was to prepare the statement of financial position in columnar form, one column for net assets without donor restrictions, and another for net assets with donor restrictions. In which column would these receivables be reported?…obligation 300,000 100,000 rent income Required: Compute the total current liabilities on December 31, 2020. Problem #2: Multiple Company provided the following information on December 31, 2021: Accounts payable after deducting debit balances in suppliers' accounts of P100,000 Accrued liabilities Note payable - due March 31, 2022 Note payable – due May 1, 2022 Bonds payable – due December 31, 2023 500,000 50,000 1,000,000 800,000 2,000,000 On March 1, 2022 before the 2021 financial statements were issued, the note payable of P1,000,000 was replaced by an 18-month note for the same amount. The entity is considering similar action on the P800,000 note due on May 1, 2022. The financial statements were issued on March 31, 2022. Required: 1. Compute total current liabilities 2. Compute total noncurrent liabilities "Not intended for publication. For classroom instruction purposes onlyLO.2 Oak Corporation has the following general business credit carryovers. If the general business credit generated by activities during 2019 equals 36,000 and the total credit allowed during the current year is 60,000 (based on tax liability), what amounts of the current general business credit and carryovers are utilized against the 2019 income tax liability? What is the amount of unused credit carried forward to 2020?
- 9. How much is the annual retirement benefit expense for the year ended December 31, 2021? ₱ 312,902 ₱ 104,301 ₱ 1,390,675 ₱ 417,203Document1 - Word References Mailings Review View Help Search A A Aa A E E E EE AaBbCcDd AaBbCcDd AaBbC AaBb AaBbCcD. AaB A D A v AaBbC 三三、 、田 1 Normal 1 No Spac. Heading 1 Heading 2 Heading 3 Title Subtit Paragraph $1 Styles 11) Jennifer's pension plan is an annuity with a guaranteed return of 5% per year (compounded monthly). She can afford to put $300 per month into the fund, and she will work for 45 years before retiring. If her pension is then paid out monthly based on a 20- year payout, how much will she receive per month? (Round your answer to the nearest cent.) 2$ 12) n chows annual rates for yarjous types of loans in 2015. Assume monthlyAmount 1,200,000.00 Interest 12% 1/1/2020 12/31/2022 Date Due Date The note is compounded interest bearing Compute for the interest in Year 2021? O 161,280 O 150,000 O 130,000 O 144,000
- How much is the annual retirement benefit expense for the year ended December 31, 2021? a. ₱ 312,902 b. ₱ 1,390,675 c. ₱ 104,301 d. ₱ 417,203What is the net amount of remeasurements for the year 2018? 50,000 75,000 100,000 170,000 What is balance of the prepaid or accrued pension as of December 31, 2018? 155,000 prepaid 155,000 accrued 325,000 prepaid 325,000 accrued What is the present value of benefit obligation as of December 31, 2018? 3725000 3825000 3975000 4825000Kindly help me with my Peers post What is the amount of 4% per annum of $17,294.24 for the period from July 24, 2023 to February 28, 2024
