On June 1, Cagle Co

question 93

Multiple Choice

On June 1, Cagle Co. received a signed agreement to sell inventory for ¥650,000. The sale would take place in 90 days. Cagle immediately signed a 90-day forward contract to sell the yen as soon as they are received. The spot rate on June 1 was ¥1 = $0.003986, and the 90-day forward rate was ¥1 = $0.004021. At what amount would Cagle record the Forward Contract on June 1?

• A) $2,613.65.
• B) $0.
• C) $2,590.90.
• D) $2,275.00.
• E) $1,993.00.

Know the criteria and implications of different IQ score ranges.

Recognize the role of heredity and environment in determining IQ.

Identify the challenges and special considerations in measuring intelligence across different age groups.

Understand the significance and outcomes of longitudinal studies on intelligence.

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Definitions:

Motivated

Having a strong willingness or drive to do something.

Own Interests

Pursuits or objectives that serve an individual's personal benefit or advantage.

Epicurus

Ancient Greek philosopher who founded Epicureanism, a philosophy advocating for the pursuit of happiness through modest pleasures and the avoidance of pain.

Religion

A system of faith and worship often involving belief in a supreme being or beings and a guiding philosophy or set of doctrines.