Answer:
d. Been denominated in U.S. dollars.
Explanation:
If Mild's 20X4 operating income included no foreign exchange transaction gain or loss, then the transaction could have been denominated in U.S dollars.
Furthermore, if it was denominated in U.S. dollars, there is no foreign exchange gain or loss for Mild.
Hence, there would be a gain or loss for Grund.
Answer:
See explanation section.
Explanation:
December 31, Interest receivable Debit $198
Interest revenue Credit $198
Interest revenue = ($7,920 × 10% ÷ 12) × 3 = $198
<em>To record the adjusting entry for interest revenue.</em>
February 1, Cash Debit = $8,184
Note receivable Credit = $7,920
Interest revenue Credit = $66
Interest receivable Credit = $198
Calculation: Interest revenue = ($7,920 × 10% ÷ 12) × 4 = $264 - $198 = $66
<em>To record the cash received from note receivable with interest.</em>
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Answer:
b. simulated market testing
Explanation:
Based on the information provided within the question it can be said that in this scenario Cleanz is using simulated market testing. This term refers to a form of market testing in which customers are placed in a simulation of an ordinary market situation in order for the researchers to analyze and record their reaction to a specific product. That way the researchers can predict how a population will react to the launch of a new product and whether it will succeed in a market or not. Which is what Cleanz Inc. is doing with it's new range of organic sanitizing wipes.