Frankfurter Company,a U $\begin{array} {cc } & \quad\underline {\text { Ruble }} &\quad\quad \underline { \text { Euro } } \\\end{array}$

question 36

Short Answer

Frankfurter Company,a U.S.company,had a ruble receivable from exports to Russia and a euro payable resulting from imports from Italy.Frankfurter recorded foreign exchange loss related to both its ruble receivable and euro payable.Did the foreign currencies increase or decrease in dollar value from the date of the transaction to the settlement date? $\begin{array} {cc } & \quad\underline {\text { Ruble }} &\quad\quad \underline { \text { Euro } } \\\end{array}$
A) $\begin{array} { cc} & \text { Increase } &\quad \text { Decrease } \\\end{array}$
B) $\begin{array} {cc } & \text { Decrease } & \quad\text { Decrease } \\\end{array}$
C) $\begin{array} { cc } & \text { Decrease } &\quad \text { Increase } \\\end{array}$
D) $\begin{array} { cc} & \text { No change } & \text { Decrease } \\\end{array}$
E) $\begin{array} {cc} & \text { Increase } &\quad \text { Increase } \\\end{array}$

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Definitions:

Indra Nooyi

Former CEO of PepsiCo and a highly influential business leader.

PepsiCo

A multinational food, snack, and beverage corporation known for products like Pepsi, Lay's, and Quaker.

Ethics Competency

The ability to understand and apply moral principles and standards to one's behavior and decisions in a work environment.

KSAs

Stands for Knowledge, Skills, and Abilities; these are the attributes required to perform a job and are used to match candidates with job requirements.