Assume That on January 15, 2021 MAK Agrees to Purchase

question 24

Multiple Choice

Assume that on January 15, 2021 MAK agrees to purchase US$500,000 for C$550,000 for delivery on January 15, 2022. The exchange rate at MAK's December 31, 2021 year-end was US$1 = C$0.95 and the January 15, 2022 exchange rate is US$1 = C$0.97. What is the foreign exchange gain or loss recognized at year-end?

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

Identify various sales techniques, including SPIN selling and social selling, and their applications.

Explain the concept and application of sales technology, including AI, in enhancing sales productivity and effectiveness.

Describe the ethical considerations in sales and strategies to promote ethical behavior.

Understand the role of sales presentations and demonstrations in the sales process.

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Definitions:

Cirrhosis

An interstitial inflammation with hardening of the tissues of an organ, especially the liver.

Chronic Disease

A long-lasting condition that can be controlled but not cured, often with significant impacts on daily living.

Esophagus

A collapsible tube from the pharynx to the stomach, through which pass the food and water the body ingests.