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vivado [14]
2 years ago
8

On March 1, Pimlico Corporation (a U.S.-based company) expects to order merchandise from a supplier in Sweden in three months. O

n March 1, when the spot rate is $0.44 per Swedish krona, Pimlico enters into a forward contract to purchase 695,000 Swedish kroner at a three-month forward rate of $0.460. At the end of three months, when the spot rate is $0.455 per Swedish krona, Pimlico orders and receives the merchandise, paying 695,000 kroner. What amount does Pimlico report in net income as a result of this cash flow hedge of a forecasted transaction
Business
1 answer:
luda_lava [24]2 years ago
7 0

Answer and Explanation:

The computation is shown below:

a. As a premium expense

= ($0.460 - $0.44) × 695,000

= $13,900

b. As a difference of 3 months spot rate and spot rate

= ($0.455 - $0.44) × 695,000

= $10,425

The first one represents the premium expense for $13,900 and the second part represents the adjustment to the net income in a positive way

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During 2020, Harvey Industries reported cash provided by operations of $670,000, cash used in investing of $1,039,000, and cash
mina [271]

Answer:

$266,000

Explanation:

The formula to compute the free cash flow is shown below:

Free Cash flow = Operating cash flow - capital expenditure

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The operating cash flow is come from cash provided by operations and capital expenditure is the cash spent for fixed assets

All other information which is given is not relevant. Hence, ignored it

5 0
3 years ago
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boyakko [2]

Answer: Option E

                     

Explanation: In simple words, charismatic leadership refers to the leadership style under which the leader tries to change and influence the behavior of his or her followers by using communication and positive personality traits.

This strategy is seen as informational strategy as similar to this, charismatic  strategy also tries to change and transform the behavior of the  target individual so he or she will be able to perform their task more efficiently.

   Charismatic leaders generally possess high level of confidence and conviction and pursue tactics of dominance and string motoring.

4 0
3 years ago
__________________ is a political system in which the government tolerates little or no opposition but permits nongovernmental c
Luba_88 [7]

Answer:

Authoritarianism

Explanation:

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7 0
3 years ago
What is a DBA name, and when does a company need one?
Alex777 [14]

Explanation:

A DBA can be filed in order for a company to transact business under the company's domain name. This is especially helpful when your company name is not available as a domain name. For example, you may want to operate another business or website in addition to your existing one.

4 0
3 years ago
True or false? an hie moves health information among organizations while adhering to national standards.
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