Assume That Aero Agrees to Purchase US$50,000 for C$52,000 on January

question 109

Multiple Choice

Assume that Aero agrees to purchase US$50,000 for C$52,000 on January 15,2018.The exchange rate at year-end is US$1 = C$0.98 and the January 15,2018 exchange rate is US$1 = C$0.97.What journal entry is required at year-end?

• A) $3,000 loss.
• B) $3,000 gain.
• C) $3,500 loss.
• D) $3,500 gain.

Comprehend the evolution of productivity efforts from focusing on processes to prioritizing people.

Grasp the basics of scientific management theory in relation to productivity.

Value the role of communication in self-understanding and understanding others.

Recognize the impact of addressing personal life conditions on employee commitment and efficiency.

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Definitions:

Sensation Thinkers

Individuals who prefer using their senses to process information and focus on details and facts in decision-making, often practical and straightforward.

Intuitive Thinkers

Individuals who rely on intuition and gut feelings to make decisions and solve problems, often without explicit reasoning.

Hard Facts

Concrete, objective data or evidence that is indisputable and can be verified.

Sensation Thinkers

Individuals who prefer to make decisions based on concrete, factual information rather than intuition or abstract reasoning.