On October 1, 20X4, Mild Co., a U. S. company, purchased machinery from Grund, a German company, with payment due on April 1, 20X5. If Mild's 20X4 operating income included no foreign exchange transaction gain or loss, then the transaction could have:

a. Caused a foreign currency gain to be reported as a contra account against machinery.

b. Caused a foreign currency translation gain to be reported as a component of other comprehensive income in stockholders' equity.

c. Resulted in an extraordinary gain.

d. Been denominated in U. S. dollars.

Steele bicycle manufacturing company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales. steele produces and sells only 10,000 bikes each year. due to the low volume of activity, steele is unable to obtain the economies of scale that larger producers achieve. for example, steele could buy the handlebars for $31 each: they cost $34 each to make. the following is a detailed breakdown of current production costs: after seeing these figures, steele's president remarked that it would be foolish for the company to continue to produce the handlebars at $34 each when it can buy them for $31 each. calculate the total relevant cost. do you agree with the president's conclusion?

Modern firms increasingly rely on other firms to supply goods and services instead of doing these tasks themselves. this increased level of is leading to increased emphasis on management.

Which of the following best describes the economic effect that results from the government having a budget surplus? a. consumers save more and spend less, enabling long-term financial planning. b. overall demand decreases, reducing the incentive for producers to increase production. c. banks have more deposits, enabling them to make more loans to investors. d. government spending increases, increasing competition for goods and services and driving prices up.