Voltac Corporation (a U. S. company located in Charlotte, North Carolina) has the following import/export transactions denominated in Mexican pesos in 2017:

March 1 Bought inventory costing 100,000 pesos on credit.
May 1 Sold 60 percent of the inventory for 80,000 pesos on credit.
August 1 Collected 70,000 pesos from customers.
September 1 Paid 60,000 pesos to suppliers.

Currency exchange rates for 1 peso for 2017 are as follows:

March 1 $0.10
May 1 0.12
August 1 0.13
September 1 0.14
December 31 0.15
For each of the following accounts, how much will Voltac report on its 2017 financial statements?

a. Inventory.
b. Cost of Goods Sold.
c. Sales.
d. Accounts Receivable.
e. Accounts Payable.
f. Cash.

What is the most important factor that affects the value of a company? a) cash flow b) earnings c) supply and demand d) number of employees

1. descriptive statistics quickly describe large amounts of data can predict future stock returns with surprising accuracy statisticians understand non-numeric information, like colors refer mainly to patterns that can be found in data 2. a 15% return on a stock means that 15% of the original purchase price of the stock returns to the seller at the end of the year 15% of the people who purchased the stock will see a return the stock is worth 15% more at the end of the year than at the beginning the stock has lost 15% of its value since it was originally sold 3. a stock purchased on january 1 cost $4.35 per share. the same stock, sold on december 31 of the same year, brought in $4.75 per share. what was the approximate return on this stock? 0.09% 109% 1.09% 9% 4. a stock sells for $6.99 on december 31, providing the seller with a 6% annual return. what was the price of the stock at the beginning of the year? $6.59 $1.16 $7.42 $5.84

Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance