Gordon Ltd., a 100% owned British subsidiary of a U. S. parent company, reports its financial statements in local currency, the British pound. A local newspaper published the following U. S. exchange rates to the British pound at year end:

Current rate $1.50
Historical rate (acquisition) $1.70
Average rate $1.55
Inventory (FIFO) $1.60

Which currency rate should Gordon use to convert its income statement to U. S. dollars at year end?

On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.

Suppose that the u. s. dollars-mexican pesos exchange rate is fixed by the u. s. and mexican governments. assume also that labor is mobile between the united states and mexico due to low transportation costs. which of the following situations is likely to happen as a result of a simultaneous increase in the demand for u. s. goods and decrease in the demand for mexican goods? (pick mexican unemployment rate increases, and the country undergoes bad economic times for a sustained u. s. unemployment rate increases, and the country undergoes bad economic times for a sustained mexican unemployment rate rises at first, but it soon drops as unemployed mexicans move to the united states for mexican unemployment rate rises at first, but then it drops as mexican pesos depreciate against u. s. dollars.

Predict how the price of athletic shorts would change if schools banned their use