Voltac corporation (a u. s. company located in charlotte, north carolina) has the following import/export transactions denominated in mexican pesos in 2017:

mar 1bought inventory costing 100,000 pesos on credit.
may 1sold 60 percent of the inventory for 80,000 pesos on credit.
aug 1collected 70,000 pesos from customers.
sep 1paid 60,000 pesos to suppliers.

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

march 1$0.10
may 10.12
august 10.13
september 10.14
december 310.15

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.

Vulcan flyovers offers scenic overflights of mount st. helens, the volcano in washington state that explosively erupted in 1982. data concerning the company’s operations in july appear below: vulcan flyovers operating data for the month ended july 31 actual results flexible budget planning budget flights (q) 56 56 54 revenue ($350.00q) $ 16,500 $ 19,600 $ 18,900 expenses: wages and salaries ($3,300 + $91.00q) 8,354 8,396 8,214 fuel ($31.00q) 1,904 1,736 1,674 airport fees ($870 + $35.00q) 2,730 2,830 2,760 aircraft depreciation ($11.00q) 616 616 594 office expenses ($240 + $1.00q) 464 296 294 total expense 14,068 13,874 13,536 net operating income $ 2,432 $ 5,726 $ 5,364 the company measures its activity in terms of flights. customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount. required: 1. prepare a flexible budget performance report for july that includes revenue and spending variances and activity variances.

Bond j has a coupon rate of 6 percent and bond k has a coupon rate of 12 percent. both bonds have 14 years to maturity, make semiannual payments, and have a ytm of 9 percent. a. if interest rates suddenly rise by 2 percent, what is the percentage price change of these bonds?

Lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. for her bisque to turn out right, it should have the consistency of a. cold heavy cream. b. warm milk. c. foie gras. d. thick oatmeal.