On December 1, 2001 Pimlico Made Sales to a Customer

question 2

Multiple Choice

On December 1, 2001 Pimlico made sales to a customer in India and recorded Accounts Receivable of 10,000,000 rupees. The customer has until March 1, 2002 to pay. On December 1, 2001, Pimlico paid $500 for a put option to sell rupees at a strike price of $2.30 per 100 rupees on March 1, 2002, which was the spot rate on December 1, 2001. On December 31, 2001, the spot rate was $2.80 per 100 rupees and the option premium was $0.004 per 100 rupees. If the spot rate on March 1, 2002 was $2.45 per 100 rupees, what is the foreign currency exchange gain or loss that should be recorded that day?

• A) $15,000 gain
• B) $15,000 loss
• C) $35,000 gain
• D) $35,000 loss

Explain the significance of attention in the process of memory.

Describe the functioning of sensory memory and its types: iconic and echoic memory.

Discuss the mechanisms involved in short-term memory, including its capacity and limitations.

Understand the role of rehearsal in transferring information from short-term to long-term memory.

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Definitions:

Electrochemical Transmission

The process through which neurons communicate with each other by converting electrical signals into chemical messages.

Complexity

The state or quality of being intricate or complicated, often referring to the complexity of systems, situations, or problems.

Integration

The process of combining or coordinating separate elements into a unified whole, especially within societal or educational contexts.

Adaptability

The capacity to adjust to new conditions or changes in one's environment.