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!
Jensen Company forecasts a requirement for 200,000 pounds of cotton in May. On 11th April, the company acquires a call option to purchase 200,000 pounds of cotton in May at a strike price of $0.3765 per pound for a premium of $814. Spot prices and options values at elected dates follow:
April 11 April 30 May 3
Spot price per pound $0.3718 $0.3801 $0.3842
Fair value of option 814 1,137 1,689
Jensen Company settled the option on May 3 and buys 200,000 pounds of cotton on 17th May at a spot price of $0.3840 per pound. In the last half of May and the starting of June the cotton was used to produce cloth. One third of the cloth was sold in June. The modification in the option's time value is excluded from the assessment of hedge effectiveness.
Required:
a. Prepare all journal entries required through June to record the above transactions and events.
What collateral or security will the company provide to make sure that any loan i make will be repaid?
Purpose a summary journal entry to record raw materials used
How did Sprint report the debt in its balance sheet? Why?
How much indirect factory wages and factory equipment depreciation cost could be assigned to the Customer Orders activity cost pool?
Determine the sustainable growth based on the subsequent information
For how much do these free assets have to be sold so that the creditors associated with Debt 2 receive exactly $170,800?
Audit report and financial statements for the system
Based on your review of the financial data for every company, show the accuracy and reliability of the data for making investment decision.
Evaluate which of the operating segments are reportable segments for Bennett. Your determination should include all needed tests and the results of those tests for all of Bennett's five segments.
Analyses of the existing year Operating Expenses account
What is the consolidated cost of goods sold in 2013?
Evaluate the amount and character of Robby's deductions for this vacation home considering the cost allocation method that the IRS prefers is used.
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