Your client gets a bill from a French vendor for 100 euros on March 1 at an exchange rate of 1.2 dollars to the euro and pays on April 1 at an exchange rate of 1.3 dollars to the euro. What would you see in the Transaction Journal for the bill payment?

Answers

Answer 1

Answer:

The Transaction that to be entered in the Account would be:

Account payable A/c Dr.    130$

     To Bank A/c                              130$

Also,

Profit and Loss A/c Dr.            10$

  To Foreign Exchange Fluctuation loss A/c  10$

Step-by-step explanation:

client received a bill as per question mentioned of 100 Euros on March 1 when the exchange rate is 1 Euro = 1.20 $,

Accordingly the price liable to be paid as on date 1 March is

100 Euro × 1.20= 120 $ .

Further, the client is agreed to pay the amount on the April 1 when the exchange rate stands out at 1.30 $, that specifies that the client now has to pay the extra price due to the exchange rate fluctuation i.e.

(1.30 - 1.20)$ = 0.10$ to the French vendor.

Therefore , the Transaction that to be entered in the Account would be:

Account payable A/c Dr.    130$

     To Bank A/c                              130$

Also,

Profit and Loss A/c Dr.            10$

  To Foreign Exchange Fluctuation loss A/c  10$


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Answers

Answer:

x = -28/39, y = 7/39

Step-by-step explanation:

Graph both and find the corresponding points.

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Step-by-step explanation:

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Answer:

x = - 2

Step-by-step explanation:

x³-x²+ax+b = (x-1)(x-2)(x+c) = x³ + (c-3)x² + (2-3c)x +2c

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a = 2 - 3c = 2 - 3*2 = - 4

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Answer:

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

There are 22 marbles in all so the probability would be

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Answers

Answer:

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Step-by-step explanation:

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~ LadyBrain

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Answers

Answer:

Read below !!

Step-by-step explanation:

Since you are already given the full equation, you would just follow the steps of plotting a line! I start usually by plotting the y-intercept, which is always on the y-axis. In this case, that would be -4 ! You mark -4 on the line, and from there, you would use RISE/RUN to find out the slope of the line. Since it's 2/3, you would rise 2, and go to the right 3, all from the point -4. You should do that about two times in order to get your line !!

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Answers

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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Answer:

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Answer:

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Step-by-step explanation:

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Step-by-step explanation:

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Step-by-step explanation:

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Step-by-step explanation:

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Answers

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13 and 7

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Answers

Answer:

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Answers

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Learn more about probability here;

https://brainly.com/question/9326835

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Answers

Answer:

Original price = $49.98

Step-by-step explanation:

Target has it listed for $34.99 which is 70% of the original price.

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