Plymouth Corporation (A U

question 16

Essay

Plymouth Corporation (a U.S.company)began operations on September 1,2011,when the owner borrowed $250,000 to establish the business.Plymouth then had the following import and export transactions with unaffiliated Chinese companies:
September 6,2011 Bought material inventory for 100,000 yuan on account.Invoice denominated in yuan.
September 18,2011 Sold 80% of inventory acquired on 9/6/11 for 110,000 yuan on account.Invoice denominated in yuan.
October 5,2011 Acquired and paid the 100,000 yuan owed to the Chinese supplier
October 18,2011 Collected the 110,000 yuan from the Chinese customer and immediately converted them into U.S.dollars
The following exchange rates apply:
Required:
1.What were Sales in the September month-end income statement?
2.What was the COGS associated with these sales?
3.What is the Accounts Receivable balance in the balance sheet at September 30,2011?
4.What is the Inventory balance in the balance sheet at September 30,2011?
5.What is the Exchange gain or loss that will be reported for the month of September?

Understand the importance of diversity and inclusion in reducing societal biases.

Evaluate the influence of media and societal norms on the perpetuation of stereotypes and biases.

Recognize the psychological and societal implications of prejudice and discrimination on marginalized groups.

Understand the concepts of ingroup bias and outgroup homogeneity and their effects on social categorization.

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Definitions:

Abstract Ideas

Concepts that are not tangible or concrete, existing in thought or as an idea without a physical form.

Priming

A phenomenon in psychology where exposure to one stimulus influences a response to a subsequent stimulus, without conscious guidance or intention.

Motivation

The psychological process that initiates, guides, and maintains goal-oriented behaviors.

Hunger

Hunger is the physical sensation of needing food, driven by the body's energy requirements.