The Following Information Pertains to Questions

question 7

Multiple Choice

The following information pertains to questions
XYZ Corp has a calendar year end.On January 1,2010,the company borrowed $5,000,000 U.S.dollars from an American Bank.The loan is to be repaid on December 31,2013 and requires interest at 5% to be paid every December 31.The loan and applicable interest are both to be repaid in U.S.dollars.XYZ does not hedge to minimize its foreign exchange risk.
The following exchange rates were in effect throughout the term of the loan: The average rates in effect for 2010 and 2011 were as follows:
-What is the amount of interest expense (in Canadian Dollars) recorded for 2011?

• A)$250,080
• B)$249,920
• C)$287,175
• D)$287,250

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Definitions:

White Blood Cell Count

A test that measures the number of white blood cells in the blood, which can indicate the presence of infection, inflammation, or other health conditions.

Working Refrigerator

A refrigerator that is functioning properly, effectively cooling and preserving food items.

Signs and Symptoms

Observable indications and subjective experiences of an individual's health condition or disease.

Protective Environment

A safe and controlled setting designed to reduce the risk of infection or harm to vulnerable individuals, such as patients with compromised immune systems.