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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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3 years ago
Which component of marital success is generally ranked highest among adults in the united states? group of answer choices
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The component of marital success which is generally ranked highest among adults in the United States is shared interests.

Marital success among adults is generally marked by stability, commitment and moderate or high correlations, high marital satisfaction and adjustment among such constructs.

Some married adults also point to other factors, such as shared interests and even sharing household chores, as bigger keys to a successful marriage. Also, sharing religious beliefs with one’s spouse is very important for a successful marriage.

Hence, the component of shared interests is generally ranked highest among adults in the United States.

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4 0
2 years ago
At the beginning of the current accounting period Blazer Company had a $40,000 balance in its Finished Goods Inventory account.
Salsk061 [2.6K]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Beginning finished goods inventory= $40,000

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To calculate the cost of goods sold, we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 40,000 + 280,000 - 42,000

COGS= 278,000

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3 years ago
Which is a reason why it is important to organize information before preparing a business report?
inna [77]

Answer:

the answeris B, hope this helps

6 0
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The answer to this question is Railroads
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