Farley Brothers, a U. S. company, had a subsidiary in Italy (using Euro). Most of the subsidiary's sales and purchases are in dollars. There are many transactions between the subsidiary and the parent. Most of the subsidiary's financing comes from the U. S. Two methods of translating foreign currency financial statements are currently used worldwide. Which method should the U. S. company use to translate Farley Brothers' financial statements

One of the scarce resources that constrain our behavior is time. each of us has only 24 hours in a day, and we must allocate our time in a given day among competing alternatives. how do you go about allocating your time in a given day among competing alternatives? how do you go about weighing the alternatives? once you choose a most important use of time, why do you not spend all your time on that activity? a. as more and more time is spent on one activity, the opportunity cost of that activity in terms of other activities rises. b. as less and less time is spent on one activity, the opportunity cost of that activity in terms of other activities rises. c. as more and more time is spent on one activity, the opportunity cost of that activity in terms of other activities falls. d. b and c only.