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A US company sold merchandise to a Germany base company for 1,400,000 Krone. The receivable is denominated in Krone. On the transaction date, the spot rate for Krone was 1Krone=$0.14.
To protect itself against a weakening of the Krone, the US firm entered into a forward exchange contract to deliver 1,400,000 Krone on 01/30/04, the settlement date for the sale. The 90-day forward exchange rate specified in the contract was 1Krone= $0.139. Exchange rate on 12/31/03 and 01/30/04 were as follows:
Spot Rate Fwd Exchange
($1Krone) Rate ($/1Krone)
12/31/ 03 $0.135 $0.133 (30 day)
01/30/04 $0.137
Record all journal entries. (Show all computation) on the book of the US company on 11/01/2003, 12/2003 (Balance sheet date), and 01/03/04.
The U.S. Postal Service (USPS) operates at a loss but its closest competitors - UPS and FedEx - both operate at a profit. Suggest how fixed costs have contributed to the situation of the USPS. You are the owner of a manufacturer of widgets.
The table given below shows the values of two goods. Assume wheat is produced in the United State and coffee beans are produced in Kenya.
In some developing countries, you can see modern airports, huge government buildings, and new highway system around the capital city. However, those countries' real GDP are still low. Would you provide the possible reason to explain why
imagine that guatemala which borders mexico to the southwest has been invited to join nafta. discuss the most likely
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Which of these concepts can be used to formulate a practical choice criterion in benefit-cost analysis and why may it be difficult to use one or more of the others in this way.
Determine what has caused the United States run a merchandise trade deficit year after year since the early 1980 discuss the relationship between a country's net financial inflow and its current account?
Following are parameters for an open economy open economy where C=10+.8(y-T); I=10 G=10 T=10 and imports and exports are given by IM=.3Y and X=.3Y* respectively where Y is foreign output.
Refer to the Real Estate data, which reports information on homes sold in the Goodyear, Arizona, and area during the last year. Prepare a report on the selling prices of the homes. a.) Around what values do the data tend to cluster
problem 1 identify and describe in your own words any two of the major accounting differences between u.s. gaap and
Absolute and comparative advantage: Describe how these concepts explain the benefits and costs of international trade.
Create an annotated bibliography from your research with a minimum of eight (8) well-written APA-formatted entries and develop a two-page paper summarizing and contrasting the main arguments on both sides of the issue.
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