Cirtus Corporation,a U

question 40

Multiple Choice

Cirtus Corporation,a U.S.corporation,placed an order for inventory from a Mexican supplier on September 18 when the spot rate was $0.0840 = 1 peso.The invoice price will be denominated in pesos.At that time,they entered into a 30-day forward contract (designated as a fair value hedge of the firm commitment to purchase) to purchase 860,000 pesos at a forward rate of $0.0810.On October 18 when the inventory was received,the spot rate was $0.0890.At what amount should the inventory be carried on Cirtus' books?

• A)$69,660
• B)$72,240
• C)$76,540
• D)$860,000

Understand the roles and functions of intermediaries in marketing channels.

Comprehend the concept and components of supply chain management.

Identify different types of power in channel relationships and their applications.

Recognize the importance and elements of the marketing mix, specifically the place component.

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Definitions:

Descriptive Statistics

Statistical methods that summarize or describe the main features of a dataset, including measures like mean, median, mode, and standard deviation.

Disciplines

Fields of study or branches of knowledge focusing on specific academic or professional topics.

Statistics

The science of collecting, analyzing, interpreting, and presenting data.

Sample

A subset of individuals or items selected from a larger population for the purpose of statistical analysis.