Internal cost savings may be computed as:

a.

Maximum Limit of TP*Minimum limit of TP.

b.

Maximum Limit of TP/Minimum limit of TP.

c.

Maximum Limit of TP+Minimum limit of TP.

d.

Maximum Limit of TP-Minimum limit of TP.

A U.S. Corp. purchased machine from a French firm on July 1, 2019, when a Euro cost $0.75. The U.S. firm will be required to pay the French manufacturer 200,000 Euros on August 1, 2019, when the Euro costs $0.69, the journal entry on July 1 includes:

a.

Debit to machine $ 150,000 and Credit to accounts receivable $ 150,000.

b.

Debit to machine $ 138,000 and Credit to accounts payable $ 138,000.

c.

Debit to machine $ 138,000 and Credit to accounts receivable $ 138,000.

d.

Debit to machine $ 150,000 and Credit to accounts payable $ 150,000.