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
Alecsey [184]
3 years ago
15

On October 1, 2020, Mertag Company (a U.S.-based company) receives an order from a customer in Poland to deliver goods on Januar

y 31, 2021, for a price of 1,000,000 Polish zlotys (PLN). Mertag enters into a forward contract on October 1, 2020, to sell PLN 1,000,000 in four months (on January 31, 2021). U.S. dollar–Polish zloty exchange rates are as follows:
Date Spot Rate Forward Rate
(to January 31, 2021)
October 1, 2020 $ 0.25 $ 0.29
December 31, 2020 0.28 0.31
January 31, 2021 0.30 N/A


Mertag designates the forward contract as a fair value hedge of a foreign currency firm commitment. The fair value of the firm commitment is measured by referring to changes in the forward rate, and, therefore, forward points are included in assessing hedge effectiveness. Mertag must close its books and prepare financial statements on December 31. Discounting to present value can be ignored.



Prepare journal entries for the foreign currency forward contract, foreign currency firm commitment, and export sale.
Determine the net benefit, if any, realized by Mertag from entering into the forward contract.
Business
1 answer:
coldgirl [10]3 years ago
6 0

Answer: JANUARYYYYYYYYYYYYYYYYYYY

Explanation:

Mertag enters into a forward contract on October 1, 2020, to sell PLN 1,000,000 in four months SO IT WILL BE JANUARYYYY

MARK ME AS BRAINLEST PLEASEEEEE

You might be interested in
Should all companies use blind recruiting in place of traditional recruiting, or are there exceptions that must be considered? ​
Leto [7]

Answer:

There are advantages and disadvantages to both recruitment methods. Traditional recruitment is still the most common method of recruitment used in the world, due to its simplicity and greater speed in attracting candidates through advertisements, references and internal hiring, for example, which consequently speeds up the selection process, but this type of recruitment can lead to biased evaluations of candidates and not hiring employees based on some kind of prejudice.

In blind recruitment, however, it is not possible to identify details of curriculum and candidates, the selection is made through factors such as experience and skills of the candidate, which eliminates associated prejudices such as age, gender and ethnicity. But the disadvantage of blind recruitment is that it can reduce organizational diversity and miss details that align the candidate's values ​​to organizational culture.

Therefore, it is necessary for each company to analyze which recruitment methods will be more advantageous according to the position, with traditional recruitment being more relevant for hiring professionals for higher hierarchical positions, where there is a need for a more in-depth analysis.

3 0
3 years ago
Consider the game in extensive form above. In the backward induction solution to this game Player 1 plays strategy and Player 2
Brrunno [24]

Answer:

answer can be seen in the attached file

Explanation:

Consider the game in extensive form above. In the backward induction solution to this game Player 1 plays strategy and Player 2 plays strategy (Please, label Player 1's strategies by A, B, and C, and Player 2's strategies as df, dg, ef, and so forth)

What is Game Theory?

This is a mathematical modelling that deals  with the analysis of strategies for dealing with competitive situations where the result of a participant's choice of action depends critically on the actions of other participants. Game theory has been applied to  in war, business, and biology, sport.

In Game theory, outcome is dependent on the contributions of competing parties

3 0
3 years ago
Alto Company issued 7% preferred stock with a $100 par value. This means that:
RideAnS [48]

Answer:

Option "C" is the correct answer to the following question.

Explanation:

Given:

Issue price of share = $100

Market price per share = $100

Preferred stock dividend rate = 7%

Computation of dividend per year :

Dividend per year = Issue price of share × Preferred stock dividend rate

Dividend per year = $100 × 7%

Dividend per year = $7

Dividends are always paid to preferred stock at fixed rates at face value.

7 0
3 years ago
Read 2 more answers
When hope springs purchases refillable bottles for its water, it submits its orders directly from its computer system to its sup
Ipatiy [6.2K]

Answer:Electronic data interchange (EDI)

Explanation:

Because manual operation in business tend to cause sluggish processing of documents, Electronic data interchange (EDI) is adopted which  is the use of standard electronic format to  replaces paper-based documents like purchase orders or invoices, postal mail, fax so that business operations and recordings can flow straight through to the appropriate application.

Using a standard format like ANSI, EDIFACT etc for  EDI documents is necessary so that computers in use understands each piece of information is and in what format it should document so as to pass relevant information to a receiver.

Because the exchange of EDI documents is typically between business partners, Electronic Data Interchange is important because it helps to eliminates manual data entry errors ,Streamline transaction processing  leading to Increases productivity because it easier and more cost-effective since business do not require more staff.

6 0
3 years ago
Some goods can be produced at low cost only if they are produced in large quantities. this phenomenon is called
I am Lyosha [343]
I believe your answer is:

economies of scale
3 0
4 years ago
Other questions:
  • Diane initially deposited $12,500 into a money market account and made no additional deposits or withdrawals. When she closed th
    13·2 answers
  • Which position has the duty to examine the cost implications of a proposed bill?
    12·1 answer
  • Marine Midland Bank sent market researchers door-to-door in the neighborhoods surrounding its branch banks. Each researcher want
    14·1 answer
  • When a competitive price-searcher market is in long-run equilibrium the firms will?
    8·1 answer
  • Chelsea has vivid childhood memories of Saturday mornings when her father used to take her out to a restaurant for breakfast. It
    9·1 answer
  • Who wants to be my friend and get 10 point reply and follow me . AllyubongAbasiEtuk​
    8·2 answers
  • If there are no excess reserves in the banking system and the Fed lowers the required reserve ratio, it follows that banks will
    5·1 answer
  • Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $199,200 of raw materials on credit
    12·1 answer
  • Cullumber Company reported the following information for 2020: Sales revenue $2410000 Cost of goods sold 1751000 Operating expen
    13·1 answer
  • Unlike a printed product, online service information<br> can be instantaneously ___ by the provider.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!