​Graylon, Inc

question 106

Multiple Choice

​Graylon, Inc., based in Washington, exports products to a German firm and will receive payment of €200,000 in three months. On June 1, the spot rate of the euro was $1.12, and the 3-month forward rate was $1.10. On June 1, Graylon negotiated a forward contract with a bank to sell €200,000 forward in three months. The spot rate of the euro on September 1 is $1.15. Graylon will receive $____ for the euros.

• A) ​224,000
• B) ​220,000
• C) ​200,000
• D) ​230,000

Understand the concept of nonverbal communication and its impact on the communication process.

Identify and describe the main channels of communication within organizations.

Comprehend how social media and mobile devices have transformed business communication.

Distinguish between formal and informal communication channels in an organization.

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Definitions:

Direct Labour Time

The actual time workers spend on the production floor directly working on products or services.

Standard Costing System

An accounting method that uses standard costs for costing inventory and measuring efficiency.

Board Metres

A unit of measure used in the lumber industry to quantify the volume of wood.

Ideal Standards

Theoretical cost benchmarks assuming perfect operating conditions, used for planning and control.