Potter Corp. (a U.S. company in Colorado) had the following series of transactions in a foreign country during 2021: The appropriate exchange rates during 2021 were as follows: The beginning balance of cash was 250,000 Thai baht on January 1, 2021, converted at the spot rate of ฿1 = $0.041. What amount will Potter Corp. report in its 2021 balance sheet for Cash?

Retailers generally consider sales from the use of national credit card sales as a

A) credit sale.
B) collection of an accounts receivable.
C) cash sale.
D) collection of a note receivable.

Which of the following refers to a person's relative rank, prestige, and standing in a group?

A) Condition
B) Standing
C) Fullness
D) Status
E) Prominence

Customer loyalty,patented technologies,and managerial know-how are market entry barriers that affect both small and large firms.

Notes to financial statements provide

A) discussions that further explain items shown in the financial statements
B) comparative financial information with the previous year
C) management's discussions about plans for the future
D) the report of the independent auditors

About 10 percent of the U.S.labor force is in agriculture.