Homework Answers
Solution:
Translation with current method:
|
Assets |
Thai Baht |
Rate Before |
USD |
Rate After |
USD |
|
Cash |
24,000 |
30 |
800 |
40 |
600 |
|
Accounts Receivable |
36,000 |
30 |
1,200 |
40 |
900 |
|
Inventory |
48,000 |
30 |
1,600 |
40 |
1,200 |
|
Net Plant and Equipment |
60,000 |
30 |
2,000 |
40 |
1,500 |
|
Total |
168,000 |
5,600 |
4,200 |
||
|
Liabilites and Equity (Net Worth) |
|||||
|
Accounts Payable |
18,000 |
30 |
600 |
40 |
450 |
|
Bank Loans |
60,000 |
30 |
2,000 |
40 |
1,500 |
|
Common Stock |
18,000 |
20 |
900 |
20 |
900 |
|
Retained Earnings |
72,000 |
34 |
2,100 |
34 |
2,100 |
|
CTA Account profit (loss) |
-750 |
||||
|
Total |
168,000 |
5,600 |
4,200 |
Translation with temporal method:
|
Assets |
Thai Baht |
Rate Before |
USD |
Rate After |
USD |
|
Cash |
24,000 |
30 |
800 |
40 |
600 |
|
Accounts Receivable |
36,000 |
30 |
1,200 |
40 |
900 |
|
Inventory |
48,000 |
30 |
1,600 |
30 |
1,600 |
|
Net Plant and Equipment |
60,000 |
20 |
3,000 |
20 |
3,000 |
|
Total |
168,000 |
6,600 |
6,100 |
||
|
Liabilites and Equity (Net Worth) |
|||||
|
Accounts Payable |
18,000 |
30 |
600 |
40 |
450 |
|
Bank Loans |
60,000 |
30 |
2,000 |
40 |
1,500 |
|
Common Stock |
18,000 |
20 |
900 |
20 |
900 |
|
Retained Earnings |
72,000 |
34 |
3,100 |
34 |
3,100 |
|
CTA Account or profit (loss) |
150 |
||||
|
Total |
168,000 |
6,600 |
6,100 |
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