Adamantine Architectonics. Adamantine Architectonics consists of a U.S. parent and wholly owned subsidiaries in Malaysia (A-Malaysia) and Mexico (A-Mexico).Selected portions of their non-consolidated balance sheets, translated into U.S. dollars, are shown in the popup window, What are the debt and equity proportions1.in Adamantine's consolidated balance sheet?What is the debt proportion in Adamantine's consolidated balance sheet?☐ % (Round to two decimal places.) (Click on the following icon in order to copy its contents into a spreadsheet.)Data table|A-Malaysia (in ringgits)Long-term debtRM12,600,000Shareholders' equityRM12,960,000A-Mexico (in pesos)Long-term debtShareholders' equityPs33,000,000Ps94,500,000Adamantine Architectonics (non-consolidated)Investment in subsidiaries (US dollars):Parent long-term debt$16,000,000in A-Malaysiain A-Mexico$3,600,000Common stock$4,000,000$6,300,000Retained earnings$18,000,000Current exchange ratesMalaysian ringgit per dollarRM3.60/$Mexican pesos per dollarPs15.00/$

Debt and Equity Proportions - Adamantine Architectonics1. Data TableA-Malaysia (in ringgits):•…

Answered: Adamantine Architectonics. Adamantine…

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter17: Multinational Capital Structure And Cost Of Capital

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Adamantine Architectonics. Adamantine Architectonics consists of a U.S. parent and wholly owned subsidiaries in Malaysia (A-Malaysia) and Mexico (A-Mexico). Selected portions of their non-consolidated balance sheets, translated into U.S. dollars, are shown in the popup window, What are the debt and equity proportions in Adamantine's consolidated balance sheet? What is the debt proportion in Adamantine's consolidated balance sheet? % (Round to two decimal places.) Data table (Click on the following icon in order to copy its contents into a spreadsheet.) A-Malaysia (in ringgits) A-Mexico (in pesos) Long-term debt RM12,920,000 Shareholders' equity RM13,300,000 Long-term debt Shareholders' equity Ps31,200,000 Ps87,100,000 Adamantine Architectonics (non-consolidated) Investment in subsidiaries (US dollars): Parent long-term debt $11,000,000 in A-Malaysia $3,500,000 Common stock in A-Mexico $6,700,000 Retained earnings $6,000,000 $25,000,000 Current exchange rates Malaysian ringgit per…
Looking for help with these two questions. 1. Prepare financial statements (income statement, statement of retained earnings, and balance sheet) for the Canadian subsidiary in its functional currency, Canadian dollars.2. Translate the Canadian dollar functional currency financial statements into U.S. dollars so that Sendelbach can prepare consolidated financial statements.
5. Certain balance sheet accounts of a foreign subsidiary of Rowan, Inc. at December 31, 2020, have been translated into Philippine pesos as follows: Translated at Current rate Historical rate Note receivable, long-term 240,000 200,000 Prepaid rent 85,000 80,000 Patent 150,000 170,000 What total amount should be included in Rowan's December 31, 2021, consolidated balance sheet for the above accounts using the translation method? wwwn (Ctrl) -
Nexus Tech Industries' Consolidate Earnings. Nexus Tech is a U.S.-based multinational manufacturing firm with wholly-owned subsidiaries in Brazil, Germany, and China, in addition to domestic operations in the United States. NexusTech is traded on the NASDAQ. NexusTech currently has 650,000 shares outstanding. The basic operating characteristics of the various business units is as follows: Nexus Tech must pay corporate income tax in each country in which it currently has operations. a. After deducting taxes in each country, what are Nexus Tech's consolidated earnings and consolidated earnings per share in U.S. dollars? b. What proportion of Nexus Tech's consolidated earnings arise from each individual country? c. What proportion of Nexus Tech's consolidated earnings arise from outside the United States?
nee 1. If the foreign subsidiary of a US Corporation uses the currency of the region as its functional currency, which of the following methods would they use and where would gains and losses be reported? A. Remeasurement, Temporal method. Income statement. B. Translation, Current Rate method. Comprehensive income. C. Remeasurement, Temporal method. Comprehensive income. D. Translation, Current Rate method. Income statement 2. If the foreign subsidiary of a US Corp uses US currency as its functional currency, which of the following methods would they use? Where would gains and losses be presented? A. Translation, Current Rate method. Comprehensive Income B. Translation, Current Rate method. Income statement C. Remeasurement, Temporal method. Comprehensive income. D. Remeasurement, Temporal Method. Income Statement
Which of the following is true? The component of the current account include direct foreign investment and portfolio investment. The transaction regarding an Australian consulting firm receiving AUD5 million (i.e., Australian 5 million dollars) for consulting services provided to a German company is recorded as a debit under the current account of Australia. The transaction regarding a U.S. citizen receiving an interest payment as a result of his investment in a bond of a British firm issued in the United Kingdom is recorded as a credit under the current account of U.S.. When the BOP (balance of payment) accounts are recorded correctly, by BOP identity, under purely floating exchange rate regime, BCA (balance of current accounts) + BKA (balance of capital accounts) = - BRA (Balance of official reserve accounts).
Certain balance sheet accounts of a foreign subsidiary of Orchid Company have been stated in U.S. dollars as follows: Current Rates Historical Rates Accounts Receivable, current $200000 $220000 Accounts Receivable, long term 100000 110000 Land 50000 55000 Patents 80000 85000 Total $430000 $470000 This subsidiary’s functional currency is the U.S. dollar. What total should Orchid’s balance sheet include for the preceding items?a. $430,000.b. $435,000.c. $440,000.d. $450,000.
Certain balance sheet accounts of a foreign subsidiary of Orchid Company have been stated in U.S. dollars as follows: Current Rates Historical Rates Accounts receivable, current $ 235,000 $255,000 Accounts receivable, long term 142,000 149,000 land 71,000 74,000 Patents 101,000 106,000 $ 549,000 $ 584,000 1. This subsidiary’s functional currency is a foreign currency. What total should Orchid’s balance sheet include for the preceding items?$557,000.$554,000.$564,000.$549,000. 2. This subsidiary’s functional currency is the U.S. dollar. What total should Orchid’s balance sheet include for the preceding items?$554,000.$557,000.$564,000.$549,000
(TCO F) On January 1, 20X1, Veldon Co., a U.S. corporation with the U.S. dollar as its functional currency, established Malont Co. as a subsidiary. Malont is located in the country of Sorania, and its functional currency is the stickle (§). Malont engaged in the following transactions during 20X1. January 1, 20X1 Issued common stock for §500,000 July 14, 20X1 Sold a patent at a gain of §40,000 October 1, 20X1 Paid dividends of §60,000 Malont's operating revenues and expenses for 20X1 were §800,000 and §650,000, respectively. The appropriate exchange rates were as follows. January 1, 20X1 §1 = $2.50 July 14, 20X1 §1 = $2.10 October 1, 20X1 §1 = $2.60 December 31, 20X1 §1 = $2.70 Average for 20X1 §1 = $2.40 Required:(A) Calculate Malont's net assets in stickles as of December 31, 20X1.(B) Calculate the translation adjustment for Malont, and state whether it is a positive or a negative adjustment (round your answers to the nearest…
Certain balance sheet accounts of a foreign subsidiary of Roman, Inc., on December 31, 2010, have been translated into Philippine peso as follows: Translated at Current Rates P240,000 P200,000 85,000 80,000 150,000 170,000 P475,000 P450,000 The subsidiary's functional currency is the currency of the country in which it is located. What total amount should be included in Roman's December 31, 2010 consolidated balance sheet for the above accounts? Note receivable, long term. Prepaid rent Patent P450,000 P455,000 P475,000 P495,000 Historical Rates
Here is given a balance sheet of a North Macedonian subsidiary of a US parent company. Calculate translation gain or loss under current rate method if the exchange rate changes from 50 denar/US. dollar to 60 denar/U.S. dollar? (H denotes historical exchange rate, C denotes current exchange rate). Since Cumulative Translation Adjustment (CTA) Account is not zero at the beginning, you have also to calculate it before the devaluation happens. Balance Sheet Before Devaluation Exchange Rate (MKD) (MKD/USS) After Devaluation Exchange Rate (MKD/USS) Assets Маccdonian Denar Statement MKD 27,000,000 Translated Translated Ассounts Ассounts US Dollars US Dollars 49.00 (H) 50.00 (C) 48.00 (H) 50.00 (C) 49.00 (H) 60.00 (C) 48.00 (H) 60.00 (C) Cash Ассounts 151,200,000 Receivable 45.00 (H) 50.00 (C) 40.00 (H) 50.00 (C) 45.00 (H) 60.00 (C) 40.00 (H) 60.00 (C) Inventory 43,200,000 Net Plant and 86,400,000 Equipment Tntal MKD 307,800,000 Liabilities & Net Worth Ассounts 48.50 (H) 50.00 (C) 47.50 (H)…

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