Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
On April 1 of the current year, Econ Ltd. ordered maps from a foreign supplier for 500,000 units of foreign currency (FC). On April 2, Econ entered a forward contract as a cash flow hedge to acquire 500,000 FC on July 31 for $0.31. On July 31, the maps arrived and Econ paid the supplier in full and settled the forward contract. Econ has an April 30 year-end.
Spot Rate
Forward Rate
April 1 and 2
FC 1 = $0.280
FC 1 = $0.310
April 30
FC 1 = $0.270
FC 1 = $0.305
July 31
FC 1 = $0.320
Required:
a) Prepare dated journal entries to record the transactions shown above.
b) Assume that Econ did not enter into a forward contract. Prepare dated journal entries to record the transactions above.
c) Assume that Econ had entered into a forward contract that was designated a fair value hedge. Prepare dated journal entries to record the transactions above.
Calculate the amount needed per employee if the discount rate is not 10%, but 6%. If the workforce numbers 3,000, what is the total difference in cost between these two assumptions?
Purpose the journal entries required on Wild Expansion Co.'s books to record the exchanges.
from the data givennbsp see whether decision to change the sales mix as per question is advisable or not ?penury
Determine whether STL Entertainment should acquire the boat. Assume a 14% desired return on all investments,- round calculations to the nearest dollar.
calculation of the fixed and variable costs of operating the university.midstate university is trying to decide whether
Determine the after-tax cost of a $25 million debt issue that a company with a 40 percent marginal tax rate is planning to place privately with a large insurance company. This long-term issue will yield 6.6% to the insurance co. Calculate and ex..
What do these results tell you? Which of the results surprise you the most? Which of the results surprise you the least? Explain.
questioncase tech sonic incorporatedtech sonic inc. is a large global computer chip manufacturer with headquarters in
picasso industries is allowing for replacing an old piece of machinery which cost 150000 and has 70000 of accumulated
Explain whether you agree or disagree with the court’s decision to allow GGP’s SPEs to enter bankruptcy protection. Describe the implications of the GGP bankruptcy for the securitization markets.
Suppose a corporation issues 5,000 shares of $1 par common stock for $30 per share. In addition to the increase in cash, what effect does this transaction have on the accounting equation?
depreciation calculation under straight line and declining-balance methods.millco inc acquired a machine that cost
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd