Pencil Corp uses the US dollar as its functional currency. The receivable is not hedged. At December 31, 2020 Pencil has the following foreign currency balances: Accounts Receivable (due in 3 months) FC 30,000
Inventory (at cost) FC 20,000
Fixed Assets FC 10,000
The following exchange rates were in effect:
December 31 spot rate: 1FC = .6 US
December 31 three month forward rate: 1FC .5 US
Historic rate: 1FC .7 US
Average exchange rate (2020). 1FC .8 US
What is the US dollar equivalent for the total of Accounts Receivable, Inventory and Fixed Assets that will be reported by Pencil on its December 31, 2020 balance sheet.
a $102,857.
b. 6.539,000.
c. $60,000.
d. $92,857.
e. 535,000.

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?