Car Corp (A U Assuming a Forward Contract Was Not Entered Into, What Would

question 16

Multiple Choice

Car Corp. (a U.S.-based company) sold parts to a Korean customer on December 16, 2013, with payment of 10 million Korean won to be received on January 15, 2014. The following exchange rates applied: $\begin{array}{lrr}&&\text { Forward }\\&\text { Spot}&\text { Rate }\\\text { Date }&\text { Rate}&\text { to Jan. } 15\\\hline\text { December 16, 2013 } & \$ .00092 & \text { \$. } 00098 \\\text { December 31, 2013 } & .00090 & .00093 \\\text { January 15, 2014 } & .00095 & .00095\end{array}$ Assuming a forward contract was not entered into, what would be the net impact on Car Corp.'s 2013 income statement related to this transaction?

• A)$500 (gain).
• B)$500 (loss).
• C)$200 (gain).
• D)$200 (loss).
• E)$- 0 -

Understand the concept of basic anxiety introduced by Karen Horney and its implications in psychology.

Understand the key principles and contributions of Alfred Adler's psychological theories.

Grasp the theories and perspectives of Karen Horney, especially concerning gender-related issues in psychology.

Comprehend the views of Carl Rogers on personality and human relationships.

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Definitions:

Chebyshev's Theorem

A statistical theorem which states that for any real number greater than one, a certain proportion of values in any data set will be close to the mean, based on the number of standard deviations specified.

Standard Deviations

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values are from their mean.

Midrange

The arithmetic average of the maximum and minimum values in a data set.

Variance

A measure of the dispersion or spread of a set of data points, indicating how much they differ from the mean.