Which of the following identifies international differences and diversity issues within an organization?
A) Culture
B) Individualism
C) Collectivism
D) Diversity
E) Autocracy
Answer: A
Explanation: A) In this context, culture is used as a broad concept to encompass both international differences and diversity-based differences within one culture.
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On December 15, 2014, Electronix Company purchased inventory from a foreign supplier for 2,000,000 foreign currency units (fcu's). Payment will be made on February 13, 2015. On December 15, 2014, to hedge the transaction,
Electronix signed a forward contract to buy 2,000,000 fcu's in 60 days. Electronix uses a discount rate of 5% resulting in a 45-day present value factor of .9938. The forward contract will be settled net. The related exchange rates are shown below: Spot Rate Forward Rate to 2/13/15 December 15, 2014 $0.010 = 1 fcu $0.010 = 1 fcu December 31, 2014 $0.012 = 1 fcu $0.011 = 1 fcu February 13, 2015 $0.013 = 1 fcu $0.013 = 1 fcu On December 15, 2014, Electronix recorded a debit to Inventory and a credit to Accounts Payable (fcu) for $20,000, using the current spot rate. Required: 1. Show the required entries on December 31, 2014 if the hedge is a cash flow hedge. Round to the nearest whole dollar. 2. Show the required entries on December 31, 2014 if the hedge is a fair value hedge. Round to the nearest whole dollar. What will be an ideal response?
The "preferred" feature of preferred stock means that it normally will provide a higher expected return than will common stock
a. True b. FalseIndicate whether the statement is true or false