A U.S. exporter has a Thai baht account receivable resulting from an export sale on June 1 to a customer in Thailand. The exporter signed a forward contract on June 1 to sell Thai baht and designated it as a cash flow hedge of a recognized Thai baht receivable. The spot rate was $0.022 on that date, and the forward rate was $0.021. Which of the following did the U.S. exporter report in net income?
A. Discount expense
B. Discount revenue
C. Premium expense
D. Premium revenue
Ans: A. Discount expense
Business
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In Petaluma, California, electric power is provided to consumers by the Power To The People Electrical Company, a local co-op. Each month PTTP mails bills to 70,000 households and then processes payments as they are received. The customers are provided with a remittance advice, which is a
A) warning that failure to pay by the due date will result in a late charge. B) confirmation of the firm's privacy policy. C) turnaround document. D) bill.
Business
A brand developed by a retailer and/or wholesaler that is available only in selected retail outlets is called a ________ brand
A) generic B) franchisee C) marque D) national E) private-label
Business