On july 1, 2015, houghton company borrowed 250,000 euros from a foreign lender evidenced by an interest-bearing note due on july 1, 2016. the note is denominated in euros. the u. s. dollar equivalent of the note principal is as follows: date amount july 1, 2015 (date borrowed) $220,000 december 31, 2015 (houghton’s year-end) 270,000 july 1, 2016 (date repaid) 277,000 in its 2016 income statement, what amount should houghton include as a foreign exchange gain or loss on the note?

True or false: a smart store layout moves customers in and out as fast as possible. a) true b) false

Oceanside marine company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. oceanside uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 2 pound per unit; $ 11 per pound direct labor: 2 hours per unit; $ 19 per hour oceanside produced 2 comma 000 units during the quarter. at the end of the quarter, an examination of the direct materials records showed that the company used 7 comma 500 pounds of direct materials and actual total materials costs were $ 98 comma 100. what is the direct materials cost variance? (round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)

What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.