Whitewater Co. is a U.S. company with sales to Canada amounting to C$8 million. Its cost of materials attributable to the purchase of Canadian goods is C$6 million. Its interest expense on Canadian loans is C$4 million. Given these exact figures above, the dollar value of Whitewater's "earnings before interest and taxes" would ____ if the Canadian dollar appreciates; the dollar value of Whitewater's cash flows would ____ if the Canadian dollar appreciates.
a. increase; increase
b. decrease; increase
c. decrease; decrease
d. increase; decrease
e. increase; be unaffected
d. increase; decrease
Business
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Which of the following statements is true about the discovery stage in a trial?
A) Interrogatories must be answered before any pleadings are filed. B) Interrogatories are the questions posed to a witness in court by an attorney. C) Both parties' attorneys are allowed to cross-examine the potential jurors of the trial. D) Both parties can be subjected to physical and mental examinations if necessary.
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