You find that the exchange rate quote for the yen is 121 yen per dollar. This is an example of ________ quote. You also find that the euro is worth $1.33. This second quote is an example of _______ quote.
A. a direct; an indirect
B. an indirect; a direct
C. a foreign; a U.S.
D. a U.S.; a foreign
B. an indirect; a direct
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Toledo Corporation had net income of $250,000 and paid dividends to common stockholders of $50,000 in 2009. The weighted average number of shares outstanding in 2009 was 50,000 shares. Toledo Corporation's common stock is selling for $50 per share on the New York Stock Exchange. Toledo Corporation's price-earnings ratio is
A) 10 times. B) 5 times. C) 2 times. D) 8 times.
The sales budget:
a. indicates the selling price per unit. b. indicates the units sold. c. indicates the total selling price. d. can be prepared for a month or a quarter. e. All of the answers are correct.
If a U.S. company makes a credit sale to a foreign company, the sales price must be translated into dollars as of the date of ________.
Fill in the blank(s) with the appropriate word(s).
A defendant who engages in setting off fireworks at a fully licensed Fourth of July show is liable for harm that results from the activity only if the plaintiff proves the harm was foreseeable
a. True b. False Indicate whether the statement is true or false