Solution-What was the net amount paid for this inventory by

What was the net amount paid for this inventory by cherr

Assignment Help Accounting Basics

Reference no: EM132525136

Question - On 11/1/X7 Cherr takes delivery of merchandise costing €1,000.Payment will be made on 2/28/X8. Cherr enters a forward purchase contract to buy €1,000 on February 28, 20X8.

Spot rates: 11/1/X7 $1.50/€; 12/31/X7 $1.53/€ ; 2/28/X8 $1.55/€.

Forward rates for Feb 28 delivery: 11/1/X7 $1.52/€ ; 12/31/X7 $1.54/€ ; 2/28/18 $1.55/€.

What was the net amount paid for this inventory by Cherr?

Reference no: EM132525136

Questions Cloud

Mobile computing options : Describe the benefits this organization provides through its mobile computing options. What risks most concern you in using this app?

What is the total amount of salary and wages expense : What is the total amount of salary and wages expense that the employer should record with respect to the earnings of the employee

Why is collection of information important and valuable : Once the companies collect the information, they can use it any way they choose. They can sell it to other companies, to politicians, to academics for research.

Calculate the firm the operating profit margin : Calculate the firm's the operating profit margin. Round the answers to two decimal places in percentage form. Canadian Bacon Inc. financial statements

What was the net amount paid for this inventory by cherr : On 11/1/X7 Cherr takes delivery of merchandise costing €1,000.Payment will be made on 2/28/X8. What was the net amount paid for this inventory by Cherr

Find the outstanding balance at the end of 3 years : 20.000 TL loan is being repaid by installments of 400 TL at the end of each month for as long as necessary, plus a final smaller payment. If interest is at J1

What is text mining and data mining : What are the business costs or risks of poof data quality? Support your discussion with at least 3 references. What is data mining? Support your discussion.

Investors expectation of the price of the stock : A share of stock with a beta of 0.76 now sells for $51. Investors expect the stock to pay a year-end dividend of $3.

Explain the weakness in internal control : To save funds, cashiers do not get vacation days. For each procedure, explain the weakness in internal control, and identify control principle that is violated

User Account

All Pages

What was the net amount paid for this inventory by cherr

Reference no: EM132525136

Reference no: EM132525136

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT