Blossom Exporting Co. is a U.S. wholesaler engaged in foreign trade. The following transactions are representative of its business dealings The company uses a periodic inventory system and is on a calendar-year basis. All exchange rates are direct quotations. Dec. 1 Dec. 29 April 1 April 1 Blossom Exporting purchased merchandise from Chang's Ltd., a Hong Kong manufacturer. The invoice was for 260,000 Hong Kong dollars, payable on April 1. On this same date, Blossom Exporting acquired a forward contract to buy 260,000 Hong Kong dollars on April 1 for $0.1314. Blossom Exporting sold merchandise to Zintel Retailers for 190,000 Hong Kong dollars, receivable in 90 days. No hedging was involved. Blossom Exporting received 190,000 Hong Kong dollars from Zintel Retailers. Blossom Exporting submitted full payment of 260,000 Hong Kong dollars to Chang's, Ltd., after obtaining the 260,000 Hong Kong dollars on its forward contract. Spot rates and the forward rates for the Hong Kong dollar were as follows: Spot Rate Forward Rate for April 1 Delivery Dec. 1 $0.1265 $0.1314 Dec. 29 0.1240 0.1305 Dec. 31 0.1259 0.1308 April 1 0.1430

What is lossy compression? a MP3 is compressed music. b Reduce the size of files by taking out less important information. It drops nonessential information to decrease file size. Reduce the size of the file without losing any information and the original file can be reconstructed from a compressed version. d Joint Photographic Experts Group JPEG) is a compressed image. O O O C

What are some limitations of using the direct write-off method?

help please, the answers I put are not correct