9. Two of the lawn mowers sold by Garden Products Co. are the LawnMaster and the Mark 5. LawnMasters sell for $250 apiece, which results in a 35 percent gross profit margin. Each Mark 5 costs Garden Products $300 and sells for $400. Indicate all correct answers. a. The dollar amount of gross profit is greater on the sale of a Mark 5 than a Lawn Master b. The gross profit margin is higher on Mark 5s than on LawnMasters. c. Garden profits relatively more by selling one Mark 5 than by selling one Lawn Master d. Garden profits more by selling $2,000 worth of Mark 5s than $2,000 worth of Lawn Masters. 10. On March 1, Laton Products (a U.S. firm) purchased manufacturing inputs from a Mexican supplier for 20,000 pesos, payable on June 1. The exchange rate for pesos on March 1 was $0.17. If the exchange rate increases to $0.19 on June 1, what amount of gain or loss would be reported by Laton related to the currency exchange? a. $400 gain. b. $200 loss. c. $400 loss. d. $200 gain. 11. On January 1, a German company purchased merchandise from a U.S. firm for $50,000, payable on March 1. The exchange rate for the euro on January 1 was $1.10. If the exchange rate increases to $1.12 on March 1, what amount of gain or loss would the U.S. firm report related to currency fluctuations? a. $1,000 gain. b. $1,000 loss. (78) c. $500 gain d. No gain or loss would be reported