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!
Question - On October 1, 2013, Jarvis Co. sold inventory to a customer in a foreign country, denominated in 100,000 local currency units (LCU). Collection is expected in four months. On October 1, 2013, a forward exchange contract was acquired whereby Jarvis Co. was to pay 100,000 LCU in four months (on February 1, 2014) and receive $78,000 in U.S. dollars. The spot and forward rates for the LCU were as follows:
Date
Rate Description
Exchange Rate
October 1, 2013
Spot Rate
$.83 - 1 LCU
December 31, 2013
$.85 = 1 LCU
1-Month Forward Rate
$.80 = 1 LCU
February 1, 2014
$.86 = 1 LCU
The company's borrowing rate is 12%. The present value factor for one month is .9901. Any discount or premium on the contract is amortized using the straight-line method.
Assuming this is a cash flow hedge, prepare journal entries for this sales transaction and forward contract.
Monica has decided that she wants to build enough retirement wealth that, How much money does she need to contribute per month to reach her goal
trumpet company produced 8600 units of product that required 3.25 standard hours per unit. the standard variable
Capital Gains and Losses. Each of the following independent cases involves capital gains and losses occurring during the calendar year for an unmarried individual taxpayer.
mccool corporation wholesales repair products to equipment manufacturers. on april 1 2012 mccool corporation issued
The investment account includes an investment in common stock of another corporation of $35,000 which management intends to hold for at least three years
What amount must he invest today if his investment earns 8% compounded annually
What is the net realizable value of the accounts receivable for Brielle
Critique the Ethics of those involved in the News of the World phone hacking scandal. Demonstrate in your critical analysis how the use of Ethics by the parties involved could have assisted in better operation of News Ltd.
What will be the Average Shareholder's Equity?
the financial statements of danielle manufacturing company report net sales of 600000 and accounts receivable of 60000
Flounder Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Determine the amount of Flounder Company inventory
part a -on july 1 2014 brigham corporation purchased young company by paying 250000 cash and issuing a 100000 note
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