Hunt co. purchased merchandise for 300,000 british pounds from a vendor in london on november 30, 20x1. payment in british pounds was due on january 30, 20x2. the exchange rates to purchase one pound were as follows: 11/30/x1 12/31/ -rate $1.65 $1.6230-day rate 1.64 1.5960-day rate 1.63 1.56in its december 31, 20x1, income statement, what amount should hunt report as foreign exchange gain? a. $12,000b. $9,000c. $6,000d. $0

On february 3, smart company sold merchandise in the amount of $5,800 to truman company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. smart uses the perpetual inventory system and the gross method. truman pays the invoice on february 8, and takes the appropriate discount. the journal entry that smart makes on february 8 is:

What is the most important type of decision that the financial manager makes?

1. descriptive statistics quickly describe large amounts of data can predict future stock returns with surprising accuracy statisticians understand non-numeric information, like colors refer mainly to patterns that can be found in data 2. a 15% return on a stock means that 15% of the original purchase price of the stock returns to the seller at the end of the year 15% of the people who purchased the stock will see a return the stock is worth 15% more at the end of the year than at the beginning the stock has lost 15% of its value since it was originally sold 3. a stock purchased on january 1 cost $4.35 per share. the same stock, sold on december 31 of the same year, brought in $4.75 per share. what was the approximate return on this stock? 0.09% 109% 1.09% 9% 4. a stock sells for $6.99 on december 31, providing the seller with a 6% annual return. what was the price of the stock at the beginning of the year? $6.59 $1.16 $7.42 $5.84