The government just released international exchange rate statistics and reported that
the real effective exchange rate index for the U.S. dollar vs the Japanese yen decreased from 105 last year to 95 currently and is expected to fall still further in the coming year. Other things equal U.S. ________ to/from Japan think this is good news and U.S. ________ to/from Japan think this is bad news.
A) importers; exporters
B) importers; importers
C) exporters; exporters
D) exporters; importers
Answer: D
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Kedzie Company determined that the book basis of its liability for "other postretirement benefits" (OPEB) exceeded the tax basis of this account by $10,000,000. This basis difference is characterized as:
A. Unfavorable permanent difference. B. Favorable permanent difference. C. Deductible temporary difference. D. Taxable temporary difference.
The standard deviation of a standard normal distribution
A. is always equal to zero. B. is always equal to one. C. can be any positive value. D. can be any value.
Fixed scope is part of the agile project management model.
Answer the following statement true (T) or false (F)
On May 1, Anders Company purchased merchandise in the amount of $5,800 from Shilling, with credit terms of 2/10, n/30. Anders uses the perpetual inventory system and the gross method. The journal entry or entries that Anders will make on May 1 is:
A.
| Merchandise Inventory | 5,800 | |
| Cash | 5,800 |
B.
| Purchases | 5,800 | |
| Accounts payable | 5,800 |
C.
| Merchandise Inventory | 5,800 | |
| Accounts payable | 5,800 |
D.
| Accounts payable | 5,800 | |
| Sales | 5,800 |
E.
| Sales | 5,800 | |
| Accounts receivable | 5,800 |