Develop a brief answer to each of the following questions: 1. Can a company have a negative

Question:

Develop a brief answer to each of the following questions:

1. Can a company have a negative financing period?

2. Suppose you sold goods to a company in Europe at a time when the exchange rate for the dollar was declining in relation to the euro. Would you want the European company to pay you in dollars or euros?

3. Which inventory system-the perpetual or periodic-is more useful to management? Why?

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...