Brief, inc., had a receivable from a foreign customer that is payable in the customer's local currency. on december 31, 2017, brief correctly included this receivable for 292,500 local currency units (lcu) in its balance sheet at $280,000. when brief collected the receivable on february 15, 2018, the u. s. dollar equivalent was $291,400. in brief's 2018 consolidated income statement, how much should it report as a foreign exchange gain?

You are purchasing a bond that currently sold for $985.63. it has the time-to-maturity of 10 years and a coupon rate of 6%, paid semi-annually. the bond can be called for $1,020 in 3 years. what is the yield to maturity of this bond?

Aaron corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 102 units in beginning inventory 0 units produced 4,900 units sold 4,260 units in ending inventory 640 variable costs per unit: direct materials $ 20 direct labor $ 41 variable manufacturing overhead $ 5 variable selling and administrative expense $ 4 fixed costs: fixed manufacturing overhead $ 64,200 fixed selling and administrative expense $ 2,900 the total contribution margin for the month under variable costing is:

What is the sequence of events that could lead to trade surplus