A British-made component costs 36 U.K. pounds. A company in the United States needs to buy
these components and the current indirect quote indicates that one dollar will buy .6250 pounds.
Ignoring transactions costs, how much will one component cost in U.S. dollars?
A) $72.00 B) $22.50 C) $45.94 D) $57.60
D
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Sonesta Farm Equipment Company sold equipment for cash. The income statement shows a loss on the sale of $7,000. The net book value of the asset was $28,900. Which of the following statements describes the cash effect of the transaction?
A) positive cash flow of $35,900 from financing activities B) negative cash flow of $21,900 for operating activities C) negative cash flow of $21,900 for financing activities D) positive cash flow of $21,900 from investing activities
Depth interviews are like focus group in all of the following ways except________
A) both are unstructured interviews B) both are direct ways of obtaining information C) both are qualitative research methods D) both are one-on-one interviews