Charleston corporation operates a branch operation in a foreign country. although this branch operates in euros, the u. s. dollar is its functional currency. thus, a remeasurement is necessary to produce financial information for external reporting purposes. the branch began the year with 532,000 euros in cash and no other assets or liabilities. however, the branch immediately used 351,000 euros to acquire a warehouse. on may 1, it purchased inventory costing 118,000 euros for cash that it sold on july 1 for 185,000 euros cash. the branch transferred 26,000 euros to the parent on october 1 and recorded depreciation on the warehouse of 21,000 euros for the year. currency exchange rates for 1 euro follow: january 1 $1.50 = 1 euro may 1 1.54 = 1 july 1 1.56 = 1 october 1 1.54 = 1 december 31 1.44 = 1 average for the year 1.52 = 1 what is the remeasurement gain or loss to be recognized in the consolidated income statement?

Financial information that is capable of making a difference in a decision is

Companies in the u.s. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. in 2011 hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. the following data show the number of cars in service (1000s) and the annual revenue ($ millions) for six smaller car rental companies (auto rental news website, august 7, 2012). excel file: data14-09.xls if required, enter negative values as negative numbers. a. select a scatter diagram with the number of cars in service as the independent variable. b. what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. use the least squares method to develop the estimated regression equation (to 3 decimals). ŷ = + x d. for every additional car placed in service, estimate how much annual revenue will change. by $ e. fox rent a car has 11,000 cars in service. use the estimated regression equation developed in part (c) to predict annual revenue for fox rent a car. round your answer to nearest whole value. $ million hide feedback partially correct

The role of the credit department includes: a. evaluating customers' credit applications to determine whether they meet the company's approval standards. b. approving all credit applications in order to avoid losing sales. c. collecting cash from customers. d. following unwritten approval standards for processing customers' credit applications.