An American company makes a credit purchase of goods from a company in London for $1,000. On the date of purchase, the exchange rate was $1.50 per pound. However, on the date of payment, the rate had risen to $1.55 per pound. As a result, the American company would record
A) an exchange gain of $50.
B) an exchange loss of $1,550.
C) an exchange loss of $50.
D) no exchange gain or loss.
D
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Amounts in the special columns of the combination journal are posted individually
a. True b. False Indicate whether the statement is true or false
Which of the following statements about telephone interviewing is true?
A) It usually takes a long time to gather information through telephone interviews. B) The interviewer is unable to clarify questions if respondents do not understand them. C) The response rate for telephone interviews has been typically lower than for mailed questionnaires. D) The US government generally encourages telemarketing by firms. E) Telephone interviewing in the US is getting more difficult because of consumers' growing antipathy toward telemarketers.
To meet the new competition, prices of the old products usually
A. remain unchanged, but interest in the product is renewed with vigorous advertising. B. drop. C. are supplemented with coupons. D. increase. E. increase while being offset with discounts and coupons.
Leticia has called a client and received his voice mail. What is the best advice you can give Leticia for leaving a message?
A) Hang up and call back later; her client won't want to be bothered with having to listen to a message. B) Speak as quickly as possible to make her message more concise. C) Smile when leaving her message to add warmth to her voice. D) Leave a complete message, including confidential details about the project Leticia is working on, to make her message as useful as possible.