Nelson Co Ordered Parts Costing §120,000 from a Foreign Supplier on on May

question 18

Multiple Choice

Nelson Co. ordered parts costing §120,000 from a foreign supplier on May 12 when the spot rate was $0.31 per stickle. A one-month forward contract was signed on that date to purchase §120,000 at a forward rate of $0.32 per stickle. On June 12, when the parts were received and payment was made, the spot rate was $0.36 per stickle. At what amount should inventory be reported?

• A) $0.
• B) $43,200.
• C) $38,400.
• D) $37,200.
• E) $6,000.

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Definitions:

Mesolimbic Dopamine

Refers to the dopaminergic pathway in the brain that is primarily involved in the reward and pleasure centers, playing a key role in motivation and reward-seeking behaviors.

Organism Motivation

The internal and external stimuli that drive an organism to take action or exhibit behaviors towards achieving a particular goal.

Function of Emotions

The role emotions play in influencing how individuals interact with the world, including decision-making and social relationships.

Sexual Motivation

The desire to engage in sexual activity, influenced by biological, psychological, and social factors.