Taste Bits Inc

question 21

Multiple Choice

Taste Bits Inc. purchased chocolates from Switzerland for 200,000 Swiss francs (SFr) on December 1, 20X8. Payment is due on January 30, 20X9. On December 1, 20X8, the company also entered into a 60-day forward contract to purchase 100,000 Swiss francs. The forward contract is not designated as a hedge. The rates were as follows:

-Based on the preceding information,the entries on January 30,20X9,include a:

• A) Debit to Dollars Payable to Exchange Broker, $180,000.
• B) Credit to Cash, $184,000.
• C) Credit to Premium on Forward Contract, $4,000.
• D) Credit to Foreign Currency Receivable from Exchange Broker, $180,000.

Recognize the impact of decision-making biases and their role in the innovation process.

Understand the concept of organizational cultural lag and its implications for innovation.

Recognize the importance of creativity and innovation in organizational success.

Understand the role of intrinsic and extrinsic motivation in creativity and innovation.

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Definitions:

Carbohydrates

Organic compounds consisting of carbon, hydrogen, and oxygen, that are major sources of energy in the diet of animals, including humans.

Recommended Exercise

Physical activity that is suggested or advised for maintaining or improving health and fitness, typically following guidelines from health organizations.

Moderate Activity

Physical activity that is not too strenuous or intense, such as brisk walking or light cycling, beneficial for health.

Weekly Exercises

Physical activities or routines carried out on a weekly basis to maintain or improve health and fitness.