The observation that the number of transistors built onto a computer chip doubles every 18 months is known as:
a. Moore's Law c. Doubletake
b. Gate's Prophesy d. Acceleration
A
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A key element of personal identity is a profile. _________________________
Answer the following statement true (T) or false (F)
According to Deming, a product or service possesses quality if:
a. the production process engages more workforce. b. the cost of the product or service exceeds its benefit. c. it enjoys a sustainable market. d. it shows variations in its production process.
If A and B are independent events with P(A ) = 0.60 and P(B ) = 0.70, then the probability that A occurs or B occurs or both occur is:
A) 1.30 B) 0.88 C) 0.42 D) 0.10
What is the amount of the exchange gain or loss from the recognition of the hedge discount recognized during 2017?
RXN's year-end is on December 31. On November 1, 2017 when the U.S. dollar was worth CDN$1.165, RXN sold merchandise to an American client for US$300,000. Full payment of this invoice was expected by March 1, 2018. On December 1, the spot rate was CDN$1.1450 and the three-month forward rate was CDN$1.1250.
In order to minimize its Foreign Exchange risk and exposure, RXN entered into a contract with its bank on December 1, 2017 to deliver US$300,000 in three months' time. The spot rate at year-end was CDN$1.16 and the forward rate from December 31, 2017 to March 1, 2018 was CDN$1.14. On March 1, 2018, RXN received
the US$300,000 from its client and settled its contract with the bank. The forward contract was to be accounted for as a fair value hedge of the US dollar receivable.
Significant dates and exchange rates pertaining to this transaction are as follows:
A) A loss of CDN$3,000.
B) Nil.
C) A loss of CDN$4,500.
D) A gain of $ CDN4,500.