On april 1, 2017, shannon company, a u. s. company, borrowed 100,000 euros from a foreign bank by signing an interest-bearing note due april 1, 2018. the dollar value of the loan was as follows:
col1 date april 1, 2017 december 31,2017 april 1, 2018
col2 amount $ 97,000 103,000 105,000
how much foreign exchange gain or loss should be included in shannon’s 2018 income statement
a. $1,000 gain.
b. $1,000 loss.
c. $2,000 gain.
d. $2,000 loss.
e. $8,000 loss.

Job a3b was ordered by a customer on september 25. during the month of september, jaycee corporation requisitioned $2,400 of direct materials and used $3,900 of direct labor. the job was not finished by the end of the month, but needed an additional $2,900 of direct materials in october and additional direct labor of $6,400 to finish the job. the company applies overhead at the end of each month at a rate of 100% of the direct labor cost. what is the amount of job costs added to work in process inventory during october?

Which of the following would not generally be a motive for a firm to hold inventories? a. to decouple or separate parts of the production process b. to provide a stock of goods that will provide a selection for customers c. to take advantage of quantity discounts d. to minimize holding costs e. all of the above are functions of inventory.

Kelso electric is debating between a leveraged and an unleveraged capital structure. the all equity capital structure would consist of 40,000 shares of stock. the debt and equity option would consist of 25,000 shares of stock plus $280,000 of debt with an interest rate of 7 percent. what is the break-even level of earnings before interest and taxes between these two options?