On april 1, 2017, mendoza company borrowed 520,000 euros for one year at an interest rate of 5 percent per annum. mendoza must make its first interest payment on the loan on october 1, 2017 and will make a second interest payment on march 31, 2018 when the loan is repaid. mendoza prepares u. s.-dollar financial statements and has a december 31 year-end. prepare all journal entries related to this foreign currency borrowing assuming the following exchange rates for 1 euro: april 1, 2017 $1.10 october 1, 2017 1.20 december 31, 2017 1.24 march 31, 2018 1.28

Haley photocopying purchases a paper from an out-of-state vendor. average weekly demand for paper is 150 cartons per week for which haley pays $15 per carton. in bound shipments from the vendor average 1000 cartoons with an average lead time of 3 weeks. haley operates 52 weeks per year; it carries a 4-week supply of inventory as safety stock and no anticipation inventory. the vendor has recently announced that they will be building a faculty near haley photocopying that will reduce lead time to one week. further, they will be able to reduce shipments to 200 cartons. haley believes that they will be able to reduce safety stock to a 1-week supply. what impact will these changes make to haley’s average inventory level and its average aggregated inventory value?