An American company makes a credit sale of goods to a company in London for 20,000 British pounds. On the date of sale, the exchange rate was $1.60 per pound. However, on the date payment was received, the exchange rate had risen to $1.70 per pound. As a result, the American company would record
A) an exchange gain of $2,000.
B) an exchange loss of $200.
C) an exchange loss of $2,000.
D) no exchange gain or loss.
A
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The merchandise budget plan
A. uses a weighted-average score for each vendor. B. identifies the performance of individual SKUs in the assortment plan. C. compares actual and planned sales to determine whether more merchandise is needed. D. is used to keep track of the actual merchandise flows. E. specifies the level of inventory needed to support the sales.
Clark International produces designer watches. Each watch requires materials worth $14.50 and three direct labor hours. The company pays its production supervisor a salary of $500 per week. Hourly wage rate at Clark is $5. If 25 watches are produced in a week, what is the fixed cost per watch?
A) $14.50 B) $5.00 C) $20.00 D) $34.50
Give an account of the Economic Espionage Act and its importance in combating cyber piracy
What will be an ideal response?
Define the term compounding and explain why it is so important in the area of saving.
What will be an ideal response?