Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 17, 2024

A U.S. firm sells merchandise to a German company for150,000 when exchange rate is $0.95/. If the exchange rate changes to $0.96/at the settlement, the

A U.S. firm sells merchandise to a German company for150,000 when exchange rate is $0.95/. If the exchange rate changes to $0.96/at the settlement, the U.S. firm will realize a _____ of

a. gain; 1,500

b. loss; 1,500

c. gain: $1,500

d. loss. $ 1,500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International financial management

Authors: Jeff Madura

9th Edition

978-0324593495, 324568207, 324568193, 032459349X, 9780324568202, 9780324568196, 978-0324593471

More Books

Students also viewed these Finance questions

Question

★★★★★

Question 10 Consider a Siamese Twins company, called XY, with its two parts X and Y. X and Y are listed both in the US and in the UK, but X is mainly traded in the US and Y is mainly traded in the...

Answered: 1 week ago

Question

★★★★★

In Exercises 1318, use the fact that if then to find the inverse of each matrix, if possible. Check that AA -1 = I 2 and A -1 A = I 2 . A = a C b d

Answered: 1 week ago

Question

★★★★★

In Exercises 1318, use the fact that if then to find the inverse of each matrix, if possible. Check that AA -1 = I 2 and A -1 A = I 2 . A = a C b d

Answered: 1 week ago

Question

★★★★★

Addison, Inc. makes a single product, an indoor fireplace. Data for last year is as follows: Selling price per fireplace Manufacturing costs: Variable per unit produced: Direct materials Direct labor...

Answered: 1 week ago

Question

★★★★★

Prepare general journal entries to record the effects on the General Long-Term Liabilities accounts of the following transactions. The transactions are independent of one another unless otherwise...

Answered: 1 week ago

Question

★★★★★

$6.75 \mathrm{~cm}^{3}=$ __________ $\mathrm{mm}^{3}$ Convert the given volume to the units shown.

Answered: 1 week ago

Question

★★★★★

=+23. SAT prep courses. Can special study courses actually help raise SAT scores? One organization says that the 30 students they tutored achieved an average gain of 60 points when they retook the...

Answered: 1 week ago

Question

★★★★★

Selected transactions for Arnett Advertising Company, Inc., are listed here. 1. Issued common stock to investors in exchange for cash received from investors. 2. Paid monthly rent. 3. Received cash...

Answered: 1 week ago

Question

★★★★★

4. XYZ Corporation expects to pay dividend of $1.00 next year. The corporation forecasts that the dividend will grow 10% in year 2, 20% in year 3, -10% in year 4, 15% in year 5, and after that at 3%...

Answered: 1 week ago

Question

★★★★★

Under which of the following circumstances would a decedent be considered to have died intestate? Select one: a. the decedent handwrote a will, but did not sign it. b. the decedent was not of "sound...

Answered: 1 week ago

Question

★★★★★

Machine Company manufactures pressure-relief valves and they have determined that 0.1% of valves they produce are defective due to critical flaws which affect the material strength. Due to the...

Answered: 1 week ago

Question

★★★★★

Now having had experience with each aspect of the strategic analysis process from conducting an external and internal environment scan of current strategies, assessing a firm's current strategy and...

Answered: 1 week ago

Question

★★★★★

1. Find out the categories in Activity based costing: 1.Indirect consumables 2. Inspection of products 3.Plant security 4.Design of the product 5.Advertising costs 6.Building maintenance 2. A firm...

Answered: 1 week ago

Question

★★★★★

"Saeed Al-Ghamdi" is the third employee to enter your office today, expressing his objection to the promotion of "Abdullah Ahmed" to a supervisory position, even though he only spent one year in the...

Answered: 1 week ago

Question

★★★★★

Loyalty to the organization is the paramount duty. It requires the individual to put the interests of the corporation before self-interest. Specifically, no director is permitted to gain personally,...

Answered: 1 week ago

Question

★★★★★

Question 2 The collection of an account that had been previously written off under the allowance method of accounting for uncollectibles will increase income in the period it is collected. requires a...

Answered: 1 week ago

Question

★★★★★

2. In the circuit given in Figure 2, i,(t) = 5.67cos(5t)A and v (t) = 70.71 cos(5t 60) V a) Find the equivalent load impedance. State whether the load is inductive or capacitive. b) Calculate the...

Answered: 1 week ago

Question

★★★★★

2. Identify reasons to hold (or not hold) a meeting.

Answered: 1 week ago

Question

★★★★★

3. Construct a complete meeting agenda.

Answered: 1 week ago

Question

★★★★★

2. Explain the advantages and disadvantages of face-to-face and virtual teams and describe ways to address the disadvantages.

Answered: 1 week ago

Previous Question Next Question