Answer:
Shandra Corporation
The amount which Shandra Corporation will report as foreign exchange gain in net income for the quarter ended June 30 is:
$5,240
Explanation:
Price of goods = 131,000 pounds
Delivery and payment date = April 20
On February 20, the spot rate for call option on 131,000 pounds = $1.37
Cost of the option = $1,310
The spot rate on April 20 = $1.42
The foreign exchange gain or loss to be reported in net income for the quarter ended June 30 = $0.05 ($1.42 - $1.37
Total gain = ($0.05 * 131,000) - $1,310
= $6,550 - $1,310
= $5,240
b) With this call option, which gives Shandra the right to buy the underlying asset, Shandra hedges his contract to purchase goods from a foreign supplier, and therefore, profits when the spot rate increases from $1.37 on February 20 to $1.42 on April 20. The profit made is reduced by the cost of the call option.
" Order, order." would be your answer.
Answer:
After 2 weeks.
Explanation:
In this situation, the art department is fully dependent on Promotional Pieces because they have to work on it.
- To buy Promotional pieces they need one week To maintain their cost and strategies to buy Promotional pieces.
- After that, the Art Department needs to know about The selling price of the commodity to mention on Promotional paper but here strategy group department needs one week to Find manufacturing cost.
Therefore, the art department will begin after two weeks.
Answer
The correct answer is C. 362
Explanation
The formular for calculating the number of shares will follow the below step
Number of Xyz share for Nick=Total dividend paid per year/the dividend on a single share
Total divident paid=$1567.46
Divived on a single share=$4.33
Total number of shares=$1567.46/$4.33=362 shares
Answer:
b) People who operate and function within the control system.
Explanation:
Internal controls are the process and mechanisms that an organization puts in place to ensure the integrity of its accounting and financial information. Internal control helps a business achieve operational efficiency and effectiveness. It ensures that a company financial reporting complies with the relevant laws, policies, and regulations.
The people working in internal control determines whether the mechanisms will succeed or fail. Employees assigned in internal control must be of high integrity and be able to discharge their duties without fear or favor. Internal control protects company resources from theft, wastage, or misuse. For internal control to achieve its purpose, the Individuals in that department must not comprise in any situation.