Assuming that a foreign entity is deemed to be operating in an environment dominated by the local currency, the entity's capital stock is translated using

a. the current rate

In 2011, the fixed costs of a company were $500,000, and its variable costs equaled $150,000. In 2010, the company made an annual profit of $200,000. It has been predicted that, despite a steady growth, the company's variable costs will likely equal $300,000 by 2013. The total costs of the company in 2011 were ________.

A) $350,000 B) $450,000 C) $650,000 D) $800,000 E) $950,000

Allison holds stock in CTC Drugs, a leading pharmaceutical company. In 2015, Allison traded her stock for another type of stock that granted her the right to vote and the right to participate in income through dividends

Which class of stock did Allison own initially? A) cumulative preferred stock B) participating preferred stock C) convertible stock D) common stock