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Tatiana [17]
2 years ago
5

A U.S. exporter has a Thai baht account receivable resulting from an export sale on June 1 to a customer in Thailand. The export

er signed a forward contract on June 1 to sell Thai baht and designated it as a cash flow hedge of a recognized Thai baht receivable. The spot rate was $0.022 on that date, and the forward rate was $0.021. Which of the following did the U.S. exporter report in net income?
a. Discount expense
b. Discount revenue
c. Premium expense
d. Premium revenue
Business
1 answer:
Darya [45]2 years ago
6 0

Answer: the correct answer is a. discount expense

Explanation: The spot price is the current price at which a commodity is traded. The exporter will report in its net income a discount because in the future the rate is lower.

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Gordon Company reports the following information at the current fiscal year end of December 31: Common Stock, $0.10 par value pe
telo118 [61]

Answer:

$0.71

Explanation:

Calculation to determine What was the average selling price for the common stock issued

Using this formula

Common stock issued avarage selling price=

Paid-in Capital in Excess of Par-Common÷Common Stock par value per share

Let plug in the formula

Common stock issued avarage selling price=($600,000+$98,000)/($98,000÷$0.10)

Common stock issued avarage selling price=$698,000/$980,000

Common stock issued avarage selling price=$0.71

Therefore the average selling price for the common stock issued is $0.71

3 0
2 years ago
For businesses and organizations under recent compliance laws, data classification standards typically include private, confiden
Digiron [165]

Answer:

True

Explanation:

Businesses and organizations have their data regulated under recent compliance laws, and under these regulations data can be classified as private, confindential, interal use only, and public domain.

An example of public domain information is financial statements, especially if the corporation is public and trades shares in the market.

Lots of information have restricted access though, sometimes being only available to all the employees of the firm (interal use only), or a minority of them (confidential and private).

3 0
3 years ago
Gasoline prices typically rise during the summer, a time of heavy tourist traffic. A "street talk" feature on a radio station so
mars1129 [50]

Answer:

Explanation:

From an economist perspective, the demand and supply model predict that when there is an increase in demand (more people demand more gasoline because of the heavy tourist traffic) prices will increase, but the equilibrium quantity (quantity supplied, and quantity demand are equal) increases too. In the demand and supply graph, an increase in demand shifts the demand curve to the right (the graph attached shows that price changes from p1 to p2 and quantity changes from q1 to q2). Then, the economist perspective differs from the tourist perspective because prices do not rice because companies use excuses to "jack up" them, they rice because of the demand and supply model predicts it.

7 0
3 years ago
________ management is a systematic, structured approach to improvement, in which people critically examine, rethink, and redesi
Sedbober [7]

Answer:

Business Process Re-engineering

Explanation:

Business Process Re-engineering sometimes denoted as (BPR). It is a business process which include rearrange the previous process with aim to reduced manufacturing cost and error during process.

BPR process involves assessment of previous process which include detail assessment of all process which are part of fault engineering.

steps of BPR are

1- Analyze previous process

2- identify the error

3 -design future process on the basis of error

4 - implementation of process

5 0
2 years ago
Read 2 more answers
What is the name of the legal documents that specify arrangements between partners?
mash [69]

Answer:

C. Partnership Agreement

Explanation:

It's the legal document that dictates the way a business is run and details the relationship between each partner.

3 0
2 years ago
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