Brisco Bricks Purchases Raw Material from Its Foreign Supplier, Bolivian

question 91

Multiple Choice

Brisco Bricks purchases raw material from its foreign supplier, Bolivian Clay, on May 8. Payment of 2,000,000 foreign currency units (FC) is due in 30 days. May 31 is Brisco's fiscal year-end. The pertinent exchange rates were as follows: How much U.S. $ will it cost Brisco to finally pay the payable on June 7?

• A) $1,666,667.
• B) $2,440,000.
• C) $2,520,000.
• D) $2,500,000.
• E) $2,400,000.

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Definitions:

Quota Sampling

A sampling method where participants are selected to ensure that certain characteristics are represented to a set proportion.

Simple Random Sampling

A sampling technique where each member of the population has an equal chance of being selected to be part of the sample.

Political Analysts

Professionals who study and interpret political systems, activities, and trends.

General Population

The entire group or set of individuals that researchers are interested in and to which they aim to generalize their findings.