________ is the currency risk that firms face when outstanding accounts receivable or payable are denominated in foreign currencies

The manufacturer of Testamints candy, the candy that comes with spiritual messages on each piece, estimates the product's new advertising campaign will reach 1,750,000 people and will cost $400,000 if the company uses radio and newspaper, and $6.5 million if it uses television. What does the company's decision seem to rest on?

a. noise level b. geographic selectivity c. flexibility d. cost per contact

Clyde operated a food distribution business. He leased a small warehouse in 2015 for $60,000 per year for a 3-year term. The lease was to start on July 1, 2015. Clyde paid the first 2 years' rent in advance in May 2015. Clyde then began to make monthly payments of $5,000 starting on July 1, 2017, and continuing on the first of the month for the balance of 2017. What rent expense may Clyde claim in 2017?

a. $60,000 b. $50,000 c. $30,000 d. None of the answers are correct