A USCompany's Foreign Subsidiary Had the Following Amounts in Stickles (§),The

question 84

Multiple Choice

A U.S.company's foreign subsidiary had the following amounts in stickles (§) ,the functional currency,in 2018:
$$\begin{array} { l r } \text { Cost of goods sold } & \S 12,000,000 \\\text { Ending inventory } & 600,000 \\\text { Beginning inventory } & 240,000\end{array}$$
The average exchange rate during 2018 was §1 = $.96.The beginning inventory was acquired when the exchange rate was §1 = $1.20.The ending inventory was acquired when the exchange rate was §1 = $.90.The exchange rate at December 31,2018 was §1 = $.84.Assuming that the foreign nation for the subsidiary had a highly inflationary economy,at what amount should that foreign subsidiary's purchases have been reflected in the 2018 U.S.dollar income statement?

• A)$11,865,600.
• B)$11,577,600.
• C)$11,520,000.
• D)$11,613,600.
• E)$11,523,600.

Comprehend the buyer's rights to inspect goods before accepting or paying for them.

Differentiate between a commercial unit and its implications for sales transactions.

Recognize the legal remedies available for unconscionability in contracts.

Understand the distinctions between full, limited, express, and implied warranties.

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Definitions:

Educational Psychology

A branch of psychology concerned with the scientific study of human learning and how educational practices enhance learning outcomes.

Positive Psychology

A branch of psychology that focuses on the study of positive human functioning and promoting factors that allow individuals and communities to thrive.

Physiological Bases

The underlying physical and biological principles that contribute to psychological phenomena and behavior.

Psychological Perspective

A particular approach or viewpoint in psychology that emphasizes specific aspects of human thought, emotion, and behavior.