Assume That Ariel Agrees to Purchase US$500,000 for C$550,000 on January

question 83

Multiple Choice

Assume that Ariel agrees to purchase US$500,000 for C$550,000 on January 15,2013.The exchange rate at year end is US$1=C$0.95 and the January 15,2013 exchange rate is US$1=C$0.97.What journal entry is required when the contract is initiated?

• A)0
• B)$65,000 loss.
• C)$75,000 gain.
• D)$75,000 loss.

Identify the impact of political theories on understanding societal structure.

Recognize the role of elite and power groups in political participation and governance.

Understand the historical milestones in democratic participation.

Grasp the theoretical perspectives on the relationship between state and capitalism.

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Definitions:

50th Unit

A reference to the specific item in a series or set, often used in discussions about production and consumption at various levels.

Market Power

The ability of a firm or group of firms to influence the price or control the supply of a good or service in a market.

Monopoly Markets

Markets dominated by a single seller, where the monopolist has significant control over the price and supply of a product or service.

Deadweight Losses

Economic inefficiencies that arise when market equilibrium is not achieved, often resulting from monopolies, taxes, subsidies, or price controls, leading to lost welfare for consumers or producers.