Answer:
In the March 31 statement of financial position, the company should record the futures contracts as a loss and liability of $100,000
Explanation:
GAAP specifies that all derivatives instrument and hedging activities recorded in the balance sheet are assets and liabilities and measured at fair value.
At the starting of the futures contracts, the fair value is $0 since the prices of the future contract was entered at that date.
Given that 200 futures contracts was sold at the commodity exchange foo $$0.83/lb and each contract was for 25,000 lb. Therefore a fair value hedge of 5 million lb. (25,000 lb. × 200 contracts) of copper at $0.83/lb is expected to be delivered.
The price had risen to $0.85/lb at the date of the financial statements, Copper Monkey should record a loss and liability = (5 million lb) × ($0.83 – $0.85) = 5000000 × 0.02 = 100000
Copper Monkey should record a loss and liability of $100,000
Answer:
C. division of profits among owners
Explanation:
in partnership only, individuals dont have to pay taxes since each partner files the profits or losses on their personal income tax return.
Answer:
4 sequential steps in product development
The 4 steps in new product development process to turn your idea into a product
Ideation and Research. Every great product was once just an idea, an itch, a frustration the founder had with the existing status quo. ...
Strategic Planning. ...
3. Development and Testing. ...
Launch and Commercialization.
Explanation:
I believe the correct answer from the choices listed above is option A. Undocumented aliens are most common in southwest states. <span> The population of </span>immigrants<span> in the United </span>States<span> illegally is estimated to be approximately 11.43 million, roughly 3.7% of the entire US population. </span>
Answer:
80 points
Explanation:
The credit score increases by 10 points for every $250 paid.
The current balance is $4500; the balance is down to $2500 by the end of the year.
It means a payment of $2000 had been made. ( $4500 - $2500)
$2000 has eight batches of $250 ( $2000/250)
A payment of $250 increase credit score by 10 points
$2000 payment is equivalent to 8 payments.
credit score will increase by 8 x 10 points
=80 points
