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Big Arber Company ordered parts from a foreign supplier on November 20 at a price of 240,000 pijios when the spot rate was $0.09 per pijio. Delivery and payment were scheduled for December 20. On November 20, Big Arber acquired a call option on 240,000 pijios at a strike price of $0.09, paying a premium of $0.006 per pijio. It designates the option as a fair value hedge of a foreign currency firm commitment. The fair value of the firm commitment is measured by referring to changes in the spot rate. The parts arrive and Big Arber makes payment according to schedule. Big Arber does not close its books until December 31. a. Assuming a spot rate of $0.11 per pijio on December 20, prepare all journal entries to account for the option and firm commitment. If no entry is required, select "No Journal Entry Required" b. Assuming a spot rate of $0.08 per pijio on December 20, prepare all journal entries to account for the option and firm commitment. If no entry is required, select "No Journal Entry Required"
Discuss the concept of working capital what shall be the repercussions if the firm has
when applying overhead to products in an activity-based costing system a. cash or a liability is debited and
Jane and Bill have lived in a home Bill inherited from his parents. Their son Jim lives with them. Bill and Jane obtain a divorce during the current year. Under the terms of the divorce, Jane receives possession of the home for a period of five ye..
Suppose a risk-free asset has an expected return of 5%. By definition, its standard deviation is zero, and its correlation with any other assets is also zero. Using only Asset A and the risk-free asset, plot the attainable portfolios.
You can tax shelter only one-half of your retirement savings. You want to invest one-half of your savings in bonds and one-half in stocks. How much of the bonds and how much of the stocks should you allocate to the tax sheltered investment?
4-5a hogan thrift shop payroll register for period ending december 18 20 marital statusno. of wh allow. deductions
Prepare the adjusting entries using good form for each of the following situations as of January 31 (measurement date) for the one month of January
a company raised 50000 in cash by taking a one-year loan of 10000 and a 5-year loan of 40000. which of the following is
Jerry bought his home 15 years ago for $60,000. Three years ago Jerry married Debbie and she moved into the same house and has lived there since. If they sell Jerry's house in December, 2010 for $340,000, what is their taxable gain on a joint tax ..
On April 1, 2003, Penny Corporation sells land to its 60%-owned subsidiary, Sahl Corporation, at a $15,000 gain. The land is still held by Sahl on December 31, 2003. What is the effect of the intercompany sale of land on consolidated net income?
Wright, Inc. has an incentive compensation plan under which the sales manager receives a bonus equal to 10 percent of the company's income after deductions for bonus and income taxes.
Parker Company had $5000000 in sales and reported a $300000 loss in its annual report to stockholders.According to a CVP analysis prepared for managements use, $5000000 in sales is the break even point for the company.
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