Certain Balance Sheet Accounts of a Foreign Subsidiary of Parker

question 28

Multiple Choice

Certain balance sheet accounts of a foreign subsidiary of Parker Company at December 31, 2013, have been restated into U.S. dollars as follows: $\begin{array}{lrr}&\text { Restated at }\\&\text { Current Rates } & \text { Historical Rates } \\\text { Cash } & \$ 47,500 & \$ 45,000 \\\text { Accounts receivable } & 95,000 & 90,000 \\\text { Inventory, at market } & 76,000 & 72,000 \\\text { Land } & 57,000 & 54,000 \\\text { Equipment (net) } & \underline{142,500} & 135,000 \\\quad \text { Total } & \$ 418,000 & \$ 396,000\end{array}$ If the current rate used to restate these amounts is $.95, what was the average historical rate used to arrive at the total amount for historical rates?

• A)$0.9000.
• B)$1.0000.
• C)$0.9500.
• D)$0.9474.
• E)$1.0556.

Identify the guidelines and steps for manual and automated bleeding techniques.

Understand the impact of contamination and incorrect materials on brake system performance and maintenance.

Identify the function and application of basic brake system components.

Understand the operation of the hydraulic brake system.

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Definitions:

Margin of Error

An expression of the amount of random sampling error in a survey's results, which describes the range in which the true population parameter is expected to lie.

Cholesterol

A type of fat found in the blood, essential for the body's functioning but high levels of which can lead to cardiovascular diseases.

Margin of Error

The amount of error allowed in the results of a statistical survey, expressed as a percentage and indicating the confidence in the results.

Mean Weight

The average mass of objects or individuals, calculated by summing their weights and dividing by the number of objects or individuals.