If the exchange rate for Canadian and U.S. dollars is 0.7382 to $1, this implies that 2 Canadian dollars can be purchased for $1.48 U.S. dollars.
Answer the following statement true (T) or false (F)
True
$2 Canadian x 0.7382 = $1.48 U.S.
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On January 1, 2016, Kathy Corp leased equipment by signing a five-year lease that required five payments of $60,000 due on December 31 of each year. Kathy has a 9% cost of capital and capitalized the lease on January 1, 2016, in the amount of $233,379. As of December 31, 2016, what amount is reported as the current portion of the lease obligation?
A) $60,000 B) $46,331 C) $42,506 D) $13,669
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Noerr doctrine is guaranteed by the Bill of Rights
Indicate whether the statement is true or false
Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $5,800,000; sales of $5,375,000; cost of goods sold of $3,225,000; and operating expenses of $1,147,000. Compute the division's return on investment:
A. 21.3%. B. 17.3%. C. 14.7%. D. 18.6%. E. 10.4%.