1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
LenKa [72]
3 years ago
9

On December 1, 2008, Secure Company bought a 90-day forward contract to purchase 200,000 euros (€) at a forward rate of €1 = $1.

35 when the spot rate was $1.33. Other exchange rates were as follows: Spot Forward Rate for Rate March 1, 2009 December 31, 2008 $ 1.34 $ 1.36 March 1, 2009 1.33 Required: 1. Prepare all journal entries related to Secure Company's foreign currency speculation from December 1, 2008, through March 1, 2009, assuming the fiscal year ends on December 31, 2008. 2. 2. Did the company gain or lose on its purchase of the forward contract?

Business
1 answer:
navik [9.2K]3 years ago
6 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

You might be interested in
Viral marketing is consistently successful.<br> True<br> False
shutvik [7]
Answer:
Based on what we know, Viral Marking is so successful because it creates curiosity and desire needed to generate the demand for a product or a service.

In conclusion:
Yes, viral marketing is consistently successful.
8 0
2 years ago
"Moccasin Company manufactures cotton shirts. 12,000 shirts are produced during the first week of July. The unit quantity standa
steposvetlana [31]

Answer:

<em>The answer is 72,000 Meters.</em>

Explanation:

From the question given, let us recall:

Moccasin Company produces cotton shirts.  =12,000

The unit quantity standard = 6 meters

The  quantity used actually was   = 0.50 meters per shirt

The next step is to determine  the quantity of cloth that should be used for the actual output of 12,000 shirts.

Quantity of cloth that should be used

= 12,000 * 6 meters cloth per shirt

= 72,000 Meters

5 0
3 years ago
During step 3 of activity-based costing, activity overhead cost pool rates are used to assign overhead costs to final cost objec
netineya [11]

Answer:

HEY

Explanation:

6 0
3 years ago
Target costing sets costs based on the price that customers are willing to pay.
Alisiya [41]

It is False that Target costing sets costs based on the price that customers are willing to pay.

Because target costing estimates product cost by subtracting a desired profit margin from a competitive market price. As the target cost makes reference to the competitive market, it is fundamentally customer-focused and an important concept for new product development.

Costing is any system for assigning costs to an element of a business.

Competitive is most commonly used to describe a person who has a strong desire to compete and win.

Development is the act, process, or result of developing the development of new ideas an interesting development in the case.

To know more about the Costing here

brainly.com/question/24130824

#SPJ4

6 0
1 year ago
Proprietary funds recognize _________.a. Expenses when the fund incurs a liability for goods or services. b. Expenditures when t
xenn [34]

Answer:

The answer is Expenses when the fund uses goods or services.

Explanation:

A proprietary fund is used in governmental accounting to account for activities that involve business-like interactions, either within the government or outside of it.

The required financial statements for a proprietary fund are as follows:

Statement of net position,

Statement of revenues, expenses, and changes in fund net position

5 0
2 years ago
Other questions:
  • A college student plans to spend the Friday evening watching movies rented from Red Box. The price of each movie is $1. Suppose
    15·1 answer
  • Select which is NOT a component of a standard housing lease. APurchasing homeowner's insurance. BWhat repairs are the renter's r
    14·1 answer
  • Does the word abstract have to be on the second page of a paper in apa format
    13·1 answer
  • Acquisition of Land and Building On February 1, 2016, Edwards Corporation purchased a parcel of land as a factory site for $100,
    14·1 answer
  • Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hou
    9·1 answer
  • Socialism is described
    9·1 answer
  • Norwall Company’s budgeted variable manufacturing overhead cost is $3.00 per machine-hour and its budgeted fixed manufacturing o
    7·1 answer
  • The reason the substitution effect works to encourage a consumer to buy less of a product when its price increases is:
    14·1 answer
  • Suppose the initial inflation rate and inflation target are both 2%, that the real federal funds rate is 2%, and that the econom
    5·1 answer
  • Roman Company is preparing its cash budget for the upcoming month. The budgeted beginning cash balance is expected to be $40,000
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!