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On October 2, 20X8, Penn purchases goods for a U.S. dollar equivalent of $19,000 from a Swiss company. The transaction is denominated in Swiss francs (SFr). The payment is made on November 10. The exchange rates were as follows. Exchange Rates Date Currency Exchange rate October 2 1 Swiss franc =    $    0.95 November 10 1 Swiss franc =    $    0.92 What entry is required to re-value foreign currency payable to U.S.-dollar-equivalent value on November 10? (Hint: Translate accounts payable into Swiss francs first.) Options for Entry Required to Re-value Foreign Currency Option Accounts and explanation Debit Credit A Foreign currency transaction loss 570      Accounts payable (SFr) 570 B Accounts payable (SFr) 600      Foreign currency transaction gain 600 C Foreign currency transaction loss 600      Accounts payable (SFr) 600 D Accounts payable (SFr) 570      Foreign currency transaction gain 570  

Suppose that the direct foreign exchange rates in U.S. dollars are as follows: 1 Swiss franc = $1.0371 1 Swedish krona = $0.1526 Based on this information, how many Swiss francs are required to purchase goods costing $3,000 (USD)?

Which of the following are the three (3) key areas in university athletics that are evaluated under Title IX (note: this is not the 3-part test)?

In order to state an Equal Pay Act claim, a plaintiff must show his/her position was substantially equal to that of the comparator position(s) with respect to which of the foregoing attributes:

The decision to keep the code for the World Wide Web created at CERN in Switzerland in 1989 available on a royalty-free basis, forever, sparked a global wave of creativity, collaboration and innovation never seen before. Discuss.  (Answer in about 90 words)

While developing a customer support software application in the “Soft Systems” company based in North Virginia Technology Park, the software developer, Tom, suspects a possible vulnerability that can leak customers’ private data. His manager, Jim, wants the new application released asap. Tom is trying to convince Jim to delay the release of the software application until proper software testing is conducted. Discuss briefly some legal and ethical arguments that Tom can present to Jim?  (Answer in about 90 words)

When one company purchases the debt of an affiliate from an unrelated party, a gain or loss on the constructive retirement of debt is recognized by which of the following? Gain or Loss Choices Option Issuingaffiliate Purchasingaffiliate Consolidatedentity A Yes Yes No B Yes Yes Yes C No No No D No No Yes  

Penn sold goods to an Egyptian company for 280,000 Egyptian pounds on December 3, 20X4, with payment due on January 20, 20X5. The exchange rates were as follows. Exchange Rates Date Currency Exchange rate December 3, 20X4 1 Egyptian pound =  $  0.1593 December 31, 20X4 1 Egyptian pound =  $  0.1609 January 20, 20X5 1 Egyptian pound =  $  0.1604 Based on this information, which of the following is true of the dollar’s movement vis-à-vis the Egyptian pound during the period? Answer Options Option December 3 to 31 January 1 to 20 A Dollar weakened Dollar strengthened B Dollar weakened Dollar weakened C Dollar strengthened Dollar strengthened D Dollar strengthened Dollar weakened

Note 1:  The following 6 questions show gdb memory dumps of the heap from a malloc implementation with the following features: We always use headers and footers in all blocks, and they are equal to each other. The headers/footers contain the size of the block including the size of the header and footer and user payload space The headers/footers contain an alloc bit in the lowest bit to indicate if the block is allocated (1) or free (0) We use a prologue header/footer with the size of the prologue (i.e., 16 bytes) We use an epilogue header with a size of 0 The heap is initialized without any space between the prologue and epilogue (i.e., empty heap) When adding space at the end of the heap in malloc, we add the minimum necessary space to fit the user request while accounting for alignment issues malloc will split blocks into the minimum space for the user to leave the most free space for later use free will immediately coalesce neighboring blocks We use an implicit free list implementation (i.e., no explicit free list or segregated free list)

Tyson, a holder of a $2,000,000 Penn bond, collected the interest due on June 30, 20X4, and then sold the bond to Senn for $1,920,000. On that date, Penn, an 80% owner of Senn, had a $2,085,000 carrying amount for this bond. What was the effect of Senn’s purchase of Penn’s bond on the consolidated income and income to the non-controlling interest reported in Penn’s June 30, 20X4, consolidated income statement (hint: downstream)? Effect Choices Option Consolidated income Income to non-controlling interest(NCI in NI) A $132,000 increase $33,000 increase B $165,000 increase $0 C $0 $33,000 increase D $0 $165,000 increase