Mercury Co has a subsidiary based in Italy and is exposed to translation exposure. Mercury forecasts that its earnings next year will be €10 million. Mercury decides to hedge the expected earnings by selling €10 million forward. During the next year, the euro appreciated. Mercury's consolidated earnings were ____ affected by the euro's movement, and Mercury's hedge position was ____ affected
by the euro's movement.
a. favorably; favorably
b. favorably; adversely
c. adversely; favorably
d. adversely; adversely
b
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Indicate whether the statement is true or false
Which of the following statements is not true regarding enterprise resource planning (ERP)?
A) It integrates traditional accounting information systems with other information systems. B) It can be customized to provide specific and relevant information to different types of users. C) It has evolved in the past few years to address the shortcomings of traditional accounting information systems. D) It captures quantitative but not qualitative information.
The ________ Act of 2010 is a federal statute that requires increased disclosure of credit information and terms to consumers and regulates consumer credit providers and others
A) Fair Credit Billing B) Consumer Leasing C) Mortgage Reform and Anti-Predatory Lending D) Consumer Financial Protection
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A. $5.61 per unit B. $11.57 per unit C. $12.43 per unit D. $10.89 per unit E. $8.17 per unit