Voltac corporation (a u. s. company located in charlotte, north carolina) has the following import/export transactions denominated in mexican pesos in 2017:

mar 1bought inventory costing 100,000 pesos on credit.
may 1sold 60 percent of the inventory for 80,000 pesos on credit.
aug 1collected 70,000 pesos from customers.
sep 1paid 60,000 pesos to suppliers.

currency exchange rates for 1 peso for 2017 are as follows:

march 1$0.10
may 10.12
august 10.13
september 10.14
december 310.15

for each of the following accounts, how much will voltac report on its 2017 financial statements?

a. inventory.
b. cost of goods sold.
c. sales.
d. accounts receivable.
e. accounts payable.
f. cash.

Neveready flashlights inc. needs $317,000 to take a cash discount of 3/15, net 70. a banker will loan the money for 55 days at an interest cost of $13,200. a. what is the effective rate on the bank loan? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) b. how much would it cost (in percentage terms) if the firm did not take the cash discount but paid the bill in 70 days instead of 15 days? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) c. should the firm borrow the money to take the discount? no yes d. if the banker requires a 20 percent compensating balance, how much must the firm borrow to end up with the $317,000? e-1. what would be the effective interest rate in part d if the interest charge for 55 days were $7,200?

Calculate riverside’s financial ratios for 2014. assume that riverside had $1,000,000 in lease payments and $1,400,000 in debt principal repayments in 2014. (hint: use the book discussion to identify the applicable ratios.)

What does an employee offer an employer