The Following Information Pertains to Questions

question 34

Multiple Choice

The following information pertains to questions
ABC Inc.sells thermal compressors throughout the world.On January 1,2013,the company sold 500 compressors to an American supplier at a total cost $60,000 U.S.when the spot rate was US$1=$1.1750CDN.Payment on the invoice was due by May 1,2013.ABC entered into a 4-month hedge with its bank at a forward rate of $1.20CDN on January 2,2013.ABC's year-end is on January 31,and on that date in 2013,the spot rate in effect was $1.1825CDN.
ABC received payment from its supplier on May 1,2013 when the spot rate was US$1=$1.1975 CDN.
-What is the amount of the premium on this contract?

• A)Nil.
• B)$450
• C)$900
• D)$1,500

Apply arithmetic sequences to find the next number in a series.

Perform arithmetic operations to determine the distance or amount of fuel used based on consumption rates.

Compute simple transactions including discounts, totals, and change.

Understand the concept of unit price from a total cost.

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Definitions:

Ophthalmoscope

A medical device used by doctors to examine the inside of the eye, including the retina and the optic nerve.

Astigmatism Test Chart

A visual tool used in eye examinations to detect astigmatism by measuring how light is perceived by the eye from different angles.

Visual Acuity

A measure of the clarity or sharpness of vision, typically assessed using a Snellen chart.

Flattens

Becomes level or even without any raised areas or bumps; reduces in thickness or protrusion.