Parker Corp

question 82

Multiple Choice

Parker Corp., a U.S. company, had the following foreign currency transactions during 2011: (1.) Purchased merchandise from a foreign supplier on July 5, 2011 for the U.S. dollar equivalent of $80,000 and paid the invoice on August 3, 2011 at the U.S. dollar equivalent of $82,000.
(2) ) On October 1, 2011 borrowed the U.S. dollar equivalent of $872,000 evidenced by a non-interest-bearing note payable in euros on October 1, 2011. The U.S. dollar equivalent of the note amount was $860,000 on December 31, 2011, and $881,000 on October 1, 2012.
What amount should be included as a foreign exchange gain or loss from the two transactions for 2011?

• A) $2,000 loss.
• B) $2,000 gain.
• C) $10,000 gain.
• D) $14,000 loss.
• E) $14,000 gain.

Understand the dynamics of demand forecasting for seasonal products.

Analyze cost components in sales and operations planning.

Calculate the optimal workforce levels based on seasonal demand.

Evaluate the effectiveness of promotional strategies in different demand periods.

---

Definitions:

Résumé

A detailed document summarizing an individual's skills, education, and experience, used to apply for jobs and showcase professional background.

Summary of Qualifications

A brief overview of a person’s achievements, skills, and qualifications, typically presented at the beginning of a resume.

Career Objective

A statement or goal regarding one’s career aspirations, often included in resumes or job applications to outline professional intentions.

Contact Information

Details provided to facilitate communication, typically including names, phone numbers, email addresses, and sometimes physical addresses.