When the real exchange rate of Japan's yen appreciates,
a. the yen's nominal exchange rate must remain constant.
b. the yen's nominal exchange rate must also appreciate.
c. the yen's nominal exchange rate must depreciate.
d. Japanese goods are less competitive on international markets.
d. Japanese goods are less competitive on international markets.
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Which of the following is not a part of comprehensive income?
a. foreign currency items b. cash flows from stock investments c. unrealized gains and losses on available-for-sale securities d. pension liability adjustments
An auditor assesses control risk because it:
A. provides assurance that the auditor's materiality levels are appropriate. B. indicates to the auditor where inherent risk may be the greatest. C. is relevant to the auditor's understanding of the control environment. D. affects the level of detection risk that the auditor may accept.
Keller Company is evaluating its two divisions, North Division and South Division. Data for the North Division include sales of $250,000, variable costs of $125,000, and fixed costs of $200,000, 50 percent of which are traceable to the division. Data for the South Division include sales of $300,000, variable costs of $175,000, and fixed costs of $225,000, 60 percent of which are traceable to the
division. Divisional income (or segment margin) for North Division is A) $(75,000). B) $25,000. C) $125,000. D) $75,000.
A(n) ________ is an extreme quota that completely prohibits commerce and trade with a specific country
A) tariff B) embargo C) protectionist quota D) perfect monopoly E) expropriation