Assume IBM enters into a forward contract to purchase 100,000 euros at a rate of $1.60/euro one year from today. If the spot exchange rate is $2/euro one year later, what is the dollar amount that IBM must pay to receive the euros?
A) $100,000
B) $160,000
C) $200,000
D) $300,000
Answer: B
Business
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The Acme Corporation starts the year with a beginning inventory of 300 units at $5 per unit. The company purchases 500 units at $4 each in February and 200 units at $6 each in October. Acme sells 150 units during the year. Acme has a periodic inventory system and uses the FIFO inventory costing method. What is the amount of cost of goods sold?
A. $750 B. $900 C. $600 D. $934
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An unlicensed assistant may measure a property and collect other information for marketing.
a. true b. false
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