User Account

All Pages

Determine the total dollar amount of your profit or loss

Assignment Help Accounting Basics
Reference no: EM132752434

Question - One year ago, you sold a futures contract on 100,000 Swiss franc with a settlement date of one year. Assume that one year ago, the spot rate of the SF was $0.983, the one-year forward rate exhibited a discount of 2%, and the one-year futures price was the same as the one-year forward rate. From one year ago to today, the SF depreciated against the dollar by 5%. Determine the total dollar amount of your profit or loss.

a. -$4,15

b. $2,949

c. -$1,966

d. -$2,949

e. $1,966

Reference no: EM132752434

Questions Cloud

What amount should Mont report at December : Mont Co.'s books showed income of P600,000 before provision for income tax expense. What amount Mont report at December 31, 20x1 as its income tax liability
Prepare the closing entries at December : Following is the year-end adjusted trial balance for Yakima's Sporting Goods for the current year: Prepare the closing entries at December
At what net book value would the machinery be carried : At what net book value would the machinery be carried following the revaluation at the beginning of year 3 and accounting for the depreciation for year 3
How much is the deferred tax expense : Question - In 2003, the Worf Company, reported pretax financial income of P500,000. How much is the deferred tax expense (benefit) for 2003
Determine the total dollar amount of your profit or loss : From one year ago to today, the SF depreciated against the dollar by 5%. Determine the total dollar amount of your profit or loss
Calculate the effective rate of interest revenue : The lease term was three years and the lessor paid $502,000 to acquire the asset. Calculate effective rate of interest revenue after adjusting net investment
What is the ending inventory per branch books : The home office is aware that the cost of goods sold of the branch in its separate books is overstated by P70,000. What is the ending inventory per branch books
Discuss the importance of a bank statement to a depositor : What is a bank statement and discuss the importance of a bank statement to a depositor? What is a check and who are the parties involved in issuance of a check
What are the total expenses that Robyn can deduct : The rental income is $6,000 and the expenses are as follows: Utilities 2,000. What are the total expenses that Robyn can deduct on her tax return in 2019

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd