International Accounting
5th Edition
ISBN: 9781259747984
Author: Doupnik, Timothy S., Finn, Mark T., Gotti, Giorgio
Publisher: Mcgraw-hill Education,
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Question
Chapter 10, Problem 3EP
a.
To determine
Compute the total
b.
To determine
Recommend the management as to which combination in ‘sub-part a.’ should be used if the manager of Country M’s subsidiary does not have the authority to hedge against changes in exchange rate.
c.
To determine
Recommend the managers as to which combination in ‘sub-part a’ should be used if the manager of Country M’s subsidiary has the authority to hedge against the changes in exchange rate.
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Which of the following statements is not true?
Budgeted sales volumes and terms of trade will enable monthly budgeted cash inflows from sales to be calculated.
The budgeted direct costs of sales depend upon the volume of budgeted sales and production.
Budgeted fixed costs in the budgeted statement of profit or loss are allocated to each month on the accruals basis, while payments for budgeted fixed costs in the cash budget are allocated to the months in which they are paid.
Budgeted net cash flow for the month = the total budgeted monthly cash receipts + the total budgeted monthly cash payments
1) The sales budget is based on assumptions about the ___________.
a) Number of units to be sold and selling price per unit.
b) Timing of cash receipts.
c) Contribution margin per unit and the number of units to be sold.
d) Costs of the units produced and the total fixed costs.
2) When constructing the production budget, the desired ending inventory for the period is determined based on:
a) Next period sales
b) Next period production
c) Last period production and sales
d) Credit period
3)Standard time allowed to complete one unit is 2 hours. A worker during a week (48 hours) completed 20 units and drawn a salary of Rs. 6000. The standard rate per day of 8 hours shift is Rs. 1000. Which one of the following is true?
a)Labour efficiency variance is Zero
b)Labour rate variance is zero
c)Labour cost variance is zero
d)None of the above
We have the following information regarding the public budget of a given country for a given fiscal year (all amounts are expressed in euros):
-Current revenues = 23,000
-Capital revenues= 3,450
-Capital expenditures = 5,500
-(Total) Current expenditures=45,000
-Interest payments of public debt =195
-Repayment of public debt= 15,000
-Sale of financial assets= 2,345
-Investment in financial assets= 135
Calculate then the following budget indicators:
(i) Public deficit/surplus
(ii) Primary deficit/surplus
(iii) Debt issued
(iv) Gross variation in the stock of debt
(v) Net variation in the stock of debt
Chapter 10 Solutions
International Accounting
Ch. 10 - Prob. 1QCh. 10 - What makes calculation of NPV for a foreign...Ch. 10 - How does the evaluation of a potential foreign...Ch. 10 - Prob. 4QCh. 10 - How does an ethnocentric organizational structure...Ch. 10 - Prob. 6QCh. 10 - When might it be appropriate to evaluate the...Ch. 10 - Prob. 8QCh. 10 - Prob. 9QCh. 10 - How can a local currency operating budget and...
Ch. 10 - Prob. 11QCh. 10 - What is the advantage of using a projected future...Ch. 10 - Prob. 3EPCh. 10 - Prob. 4EPCh. 10 - Imogdi Corporation (a U.S-based company) has a...Ch. 10 - Philadelphia, Inc. (a Greek company) has a foreign...Ch. 10 - Fitzwater Limited (an Irish company) has a foreign...Ch. 10 - Prob. 9EPCh. 10 - Viking Corporation (a U.S.-based company) has a...Ch. 10 - Duncan Street Company (DSC), a British company, is...
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