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3 years ago

Pls I need help in those two exercises

Business

1 answer:

n200080 [17]3 years ago

3 0

Answer 1

Debt side

Beginning balance 132000

Revenue 180000

Credit side

Cash receipt (?) 196000

Ending balance 116000

Answer 2

Credit side

Beginning balance 60000

Expenses 152000

Debt side

Cash payment (?) 148000

Ending balance 64000

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5. Princess Cruise Company (PCC) purchased a ship from Mitsubishi Heavy Industry. PCC owes Mitsubishi Heavy Industry 500 million

ollegr [7]

Answer:

a.) $4,147,465

b.)The total expected cost will thus be $4,125,600, which is the sum of $75,600 and $4,050,000.

Explanation:

(a) In the case of forward hedge, the dollar cost will be 500,000,000/110 = $4,545,455. In the case of money market hedge, the future dollar cost will be: 500,000,000(1.08)/(1.05)(124)

= $4,147,465.

(b) The option premium is: (.014/100)(500,000,000) = $70,000. Its future value will be $70,000(1.08) = $75,600.

At the expected future spot rate of $.0091(=1/110), which is higher than the exercise of $.0081, PCC will exercise its call option and buy ¥500,000,000 for $4,050,000 (=500,000,000x.0081).

The total expected cost will thus be $4,125,600, which is the sum of $75,600 and $4,050,000.

(c) When the option hedge is used, PCC will spend “at most” $4,125,000. On the other hand, when the forward hedging is used, PCC will have to spend $4,545,455 regardless of the future spot rate. This means that the options hedge dominates the forward hedge. At no future spot rate, PCC will be indifferent between forward and options hedges.

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4 years ago

When should you use Add other funds to this deposit grid in a Deposit Transaction? Identify 3 correct options. (Select all that

Anni [7]

Answer:

(A) When an employee reimburses the company

(B) You receive a tax refund from the IRS

(D) When a company doesn’t record income using sales transactions (invoices or sales receipts), and wants to record deposits directly to income accounts

Explanation:

The three options are -

Option A is correct as the employee repays the company so that the funds to this deposit will be added to the deposit transaction.

Option B is correct as the employee or an individual will get the tax refund from the IRS which can be deposited to the deposit grid.

Option D is correct as it is recorded to income accounts directly as deposits.

Any payment cannot be added as deposit. Therefore, option C is incorrect.

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3 years ago

The Corbit Corp, sold merchandise for $10,000 cash. The cost of orp. sold merchandise for $10,000 cash. The cost of the se sold

nadezda [96]

Answer:

B. Cash 10,000 Sales 10,000 Cost of Merchandise Sold 7,590 7,590 Merchandise Inventory

Explanation:

The journal entry is shown below:

cash $10,000

To sales $10,000

(being cash receipts is recorded)

Here cash is debited as it increased the assets and credited the sales as it also increased the revenue

cost of merchandize sold $7,590

To merchandize inventory $7,590

(being cost of merchandise sold is recorded)

Here cost is debited as it increased the expense and credited the merchanidse inventory as it decreased the inventory

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3 years ago

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Anna71 [15]

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3 years ago