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creativ13 [48]
3 years ago
12

On December 1, 2013, Keenan Company, a U.S. firm, sold merchandise to Velez Company of Canada for 150,000 Canadian dollars (CAD)

. Collection of the receivable is due on February 1, 2014. Keenan purchased a foreign currency put option with a strike price of $.97 (U.S.) on December 1, 2013. This foreign currency option is designated as a fair value hedge. Relevant exchange rates follow:
Date Spot Rate Option Premium
December 1, 2018 $0.97 $0.05
December 31, 2018 $0.95 $0.04
February 1, 2019 $0.94 $0.03

Compute the fair value of the foreign currency option at February 1, 2014.
(A) $7,500.
(B) $6,000.
(C) $3,000.
(D) $1,500.
(E) $4,500.
Business
1 answer:
liq [111]3 years ago
4 0

Answer:

The correct answer is A

Explanation:

$.05 × C$150,000 = $7,500

good luck ❤

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The unemployment rate in an economy is 7.5 percent. The total population of the economy is 250 million and the size of the civil
Masteriza [31]

The number of employed workers in this economy is A. 13.5 million

Explanation:

The number of unemployed people in the economy means the percentage of people who are actively seeking employment but cannot find a job for sustenance.

Thus, the ones who are seeking a job are the only ones that can be considered here.

So, the total population cannot be considered and the pool that justifies this demographic is the total labor force which is 180 million.

And the number of unemployed people would be calculated by multiplying the percentage of them with the total labor force which would be

7.5 * 180 = 13.5 million people.

Thus 13.5 people in the force are unemployed.

5 0
4 years ago
Which of the following is an example of the legal/regulatory environment surrounding advertising and promotional activities of b
hjlf

Answer:

the Federal Trade Commission

Explanation:

Federal Trade Commission - This commission was established in 1914 with the aim to improve the competition practice in commerce. As the year passed, some amendments have done in the commission, now authority can police illegal competition practice.

it helps the customers in filing cases against any fraud,  theft or any unfair practice against them.

8 0
4 years ago
elected data of Islander Company follow: As of December 31, Balance Sheet Data 2017 2016 Accounts receivable $ 500,000 $ 470,000
Nataliya [291]

Answer:

(a) 5.41 times

(b) 3.48 times

Explanation:

(a) Accounts receivable turnover for 2017:

=\frac{Net\ Credit\ Sales}{Average\ Accounts\ Receivables}

=\frac{2,500,000}{462,500}

      = 5.41 times

Working:

Average\ Accounts\ Receivables=\frac{Sum\ of\ net\ accounts\ receivable\ in\ 2017\ and\ 2016}{2}

Average\ Accounts\ Receivables=\frac{475,000+450,000}{2}

                                                             = 462,500

(b) Inventory turnover for 2017:

=\frac{cost\ of\ goods\ sold}{Average\ Inventory}

=\frac{2,000,000}{575,000}

      = 3.48 times

Working:

Average\ Inventory=\frac{Sum\ of\ inventories\ in\ 2017\ and\ 2016}{2}

Average\ Accounts\ Receivables=\frac{600,000+550,000}{2}

                                                             = 575,000

8 0
3 years ago
In 2011, the Bureau of Labor Statistics (BLS) announced that of all adult Americans, 139.93 million were employed, 13.43 million
ycow [4]

Answer:

Adults= 239.75 million.

Explanation:

Giving the following information:

In 2011, the Bureau of Labor Statistics (BLS) announced that of all adult Americans, 139.93 million were employed, 13.43 million were unemployed, and 86.39 million were not in the labor force.

Adults= 139.93 + 13.43 + 86.39= 239.75 million.

4 0
4 years ago
Richard and Linda are the only two employees of Bush Company. In January 2013, Richard's gross pay was $5,500 and Linda's gross
monitta

Answer:

A.

Explanation:

4 0
3 years ago
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