What Is the Amount of CMI's Foreign Exchange Gain or Loss

question 46

Multiple Choice

What is the amount of CMI's foreign exchange gain or loss on February 28^th?

• A) CDN$360 loss.
• B) CDN$120 gain.
• C) CDN$360 gain.
• D)CDN$480 gain.

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Definitions:

Variances

A measure of the dispersion or spread of a set of data points, calculated as the average of the squared differences from the mean.

Least Squares Line

A line of best fit determined by minimizing the sum of the squares of the vertical distances of the points from the line.

Weight

A measure of the heaviness of an object; in statistics, it refers to the emphasis or importance assigned to elements of a dataset.

Height

The measurement of an object or point in relation to ground level or a base level, typically considered vertical distance.