Newberry, inc., whose reporting currency is the u. s. dollar ($), has a subsidiary in argentina, whose functional currency also is the $. the subsidiary acquires inventory on credit on november 1, 2017, for 250,000 pesos that is sold on january 17, 2018, for 288,000 pesos. the subsidiary pays for the inventory on january 31, 2018. currency exchange rates are as follows: november 1, 2017 $ 0.32 = 1 peso december 31, 2017 0.33 = 1 january 17, 2018 0.34 = 1 january 31, 2018 0.35 = 1 problem 10-8 (lo 10-2, 10-3) what amount does newberry’s consolidated balance sheet report for this inventory at december 31, 2017?

1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%