On July 1, 2020, CANCO Purchased Inventory from Its Main

question 14

Multiple Choice

On July 1, 2020, CANCO purchased inventory from its main U.S. supplier, RNB Enterprises, at a cost of US$12,000. CANCO's year end is on July 31. Payment of US$12,000 for the inventory is due on August 31, 2020. Some important dates regarding this transaction, as well as the exchange rates in effect at each of these dates are shown below:
$$\begin{array} { | l | l | l } \hline \text { Trarsaction date: July } 1,2020 : & \text { 1 U.S. Dollar } = \text { CDN } 1.370 \\\hline\text { Year end July } 31,2020 : & \text { 1 U.S. Dollar } = \text { CDN } \$ 1.345 \\\hline \text { Setternent date: August } 31,2020 : & \text { 1 U.S. Dollar } = \text { CDN } \$ 1.325 \\\hline\end{array}$$ What would be the amount of the foreign exchange gain or loss recorded for the year end, July 31, 2020?

• A) A CDN$300 exchange loss.
• B) A CDN$540 exchange gain.
• C) A CDN$300 exchange gain.
• D) Nil. Any exchange gain or loss is deferred until settlement.

Understand the normal operating temperatures and signs of overheating in Allison transmissions.

Identify the circumstances requiring the use of an auxiliary filter in Allison transmissions.

Recognize the importance of monitoring engine rpm and converter-out temperature during a stall test.

Knowledge of correct fluid level maintenance and its impact on transmission performance.

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Definitions:

Unadjusted Rate

A statistical measure that has not been modified to account for various factors or potential confounders that could affect the interpretation of the data.

Demographic Characteristics

Statistical data relating to the population and particular groups within it, encompassing aspects such as age, race, gender, income, education, and employment.

Infant Mortality Rate

is the number of deaths of infants under one year old per 1,000 live births in a given year.

Age-Adjusted

A statistical process used to compare two or more populations at one point in time or one population over time after factoring out the influence of age.