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 - You are a controller at YY Trading Ltd. YY has increased inventory purchases with Brazilian suppliers in recent years. To protect against exchange rate fluctuations, you decided to arrange a term loan in Brazilian real with your bank. On December 31, 2017, a loan of Real 1,970,000 was arranged with an interest rate of 5.25% per year. Interest is payable at the end of each year. The term loan would mature at the end of 2020. You designated this loan as a cash flow hedge of future inventory purchases.
According to your budget, you expected the following inventory purchases (in Brazilian real) in the following years:
2018 - 860,000,
2019 - 745,000,
2020 - 365,000
Exchange rates for Brazilian real at the year-end date of the past four years were as following:
2017 - 0.40710
2018 - 0.35660
2019 - 0.33710
2020 - 0.26250
Your company's year-end is on December 31.
Required - Prepare the journal entries required for 2018, 2019 and 2020 related to this cash flow hedge.
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd