Fenwicke company organized and began operating a subsidiary in a foreign country on january 1, 2015, by investing lcu 40,000. this subsidiary immediately borrowed lcu 100,000 on a five-year note with 10 percent interest payable annually beginning on january 1, 2016. the subsidiary then purchased for lcu 140,000 a building that had a 10-year anticipated life and no salvage value and is to be depreciated using the straight-line method. also on january 1, the subsidiary rents the building for three years to a group of local doctors for lcu 5,000 per month. by year-end, payments totaling lcu 50,000 had been received. on october 1, lcu 4,000 was paid for a repair made on that date. the subsidiary transferred a cash dividend of lcu 5,000 back to fenwicke on december 31, 2015. the functional currency for the subsidiary is the lcu. currency exchange rates for 1 lcu follow: january 1, 2015 $ 2.00 = 1 lcu october 1, 2015 1.85 = 1 average for 2015 1.90 = 1 december 31, 2015 1.80 = 1 prepare a statement of cash flows in lcu for fenwicke’s foreign subsidiary and then translate these amounts into u. s. dollars

Which of the following is an example of formal management controls? answers: a firm's culturethe willingness of employees to monitor each otherbudgeting and reporting activitiesmanagerial motivation

Balance sheet the assets of dallas & associates consist entirely of current assets and net plant and equipment. the firm has total assets of $2 5 million and net plant and equipment equals $2 million. it has notes payable of $150,000, long-term debt of $750,000, and total common equity of $1 5 million. the firm does have accounts payable and accruals on its balance sheet. the firm only finances with debt and common equity, so it has no preferred stock on its balance sheet. a. what is the company's total debt? b. what is the amount of total liabilities and equity that appears on the firm's balance sheet? c. what is the balance of current assets on the firm's balance sheet? d. what is the balance of current liabilities on the firm's balance sheet? e. what is the amount of accounts payable and accruals on its balance sheet? [hint: consider this as a single line item on the firm's balance sheet.] f. what is the firm's net working capital? g. what is the firm's net operating working capital? h. what is the explanation for the difference in your answers to parts f and g?

Exercise 15-7 crawford corporation incurred the following transactions. 1. purchased raw materials on account $53,000. 2. raw materials of $45,200 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. manufacturing overhead costs incurred on account were $81,700. 6. depreciation on the company’s office building was $8,100. 7. manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. goods costing $89,400 were completed and transferred to finished goods. 9. finished goods costing $76,000 to manufacture were sold on account for $105,100. journalize the transactions. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (to record the sale) (to record the cost of the sale) click if you would like to show work for this question: open show work