Certain balance sheet accounts of a foreign subsidiary of orchid company have been stated in u. s. dollars as follows: stated at current rates historical rates accounts receivable, current $ 200,000 $ 220,000 accounts receivable, long term 100,000 110,000 land 50,000 55,000 patents 80,000 85,000 $ 430,000 $ 470,000 this subsidiary’s functional currency is a foreign currency. what total should orchid’s balance sheet include for the preceding items?

Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation