Meisner Co

question 31

Multiple Choice

Meisner Co.ordered parts costing §100,000 for a foreign supplier on May 12 when the spot rate was $.24 per stickle.A one-month forward contract was signed on that date to purchase §100,000 at a forward rate of $.25 per stickle.On June 12, when the parts were received and payment was made, the spot rate was $.28 per stickle.At what amount should inventory be reported?

• A) $ 0.
• B) $28,000.
• C) $24,000.
• D) $25,000.
• E) $ 2,000.

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Definitions:

Personal Achievements

Accomplishments or successes achieved by an individual through effort, skill, or courage.

Social Obligations

Social obligations are the duties or responsibilities that an individual holds towards society, often dictated by cultural, familial, or societal norms.

Physically Aggressive

describes behaviors that entail the use of physical force intended to harm or injure another being.

Aggressive Behavior

Actions that aim to harm or intimidate others, often showing a readiness to confront or attack.