Fixed cost per unit is assumed to be constant within a particular relevant range of activity

Grace Co. had a Chinese yuan payable resulting from imports from China and a Mexican peso receivable resulting from exports to Mexico. Grace recorded foreign exchange losses related to both its yuan payable and peso receivable. Did the foreign currencies increase or decrease in dollar value from the date of the transaction to the settlement date?

a. Increase Increase b. Increase Decrease c. Decrease Increase d. Decrease Decrease

Manufacturers benefit from co-op advertising in all of the following ways, except:

A) gain additional advertising exposure at reduced costs B) reimbursed by retailers for their share of the ad costs C) co-op dollars are directly tied to retail sales D) gain prominent exposure in an ad since no other competing brands can also be displayed