Answer:
In the March 31 statement of financial position, the company should record the futures contracts as a loss and liability of $100,000
Explanation:
GAAP specifies that all derivatives instrument and hedging activities recorded in the balance sheet are assets and liabilities and measured at fair value.
At the starting of the futures contracts, the fair value is $0 since the prices of the future contract was entered at that date.
Given that 200 futures contracts was sold at the commodity exchange foo $$0.83/lb and each contract was for 25,000 lb. Therefore a fair value hedge of 5 million lb. (25,000 lb. × 200 contracts) of copper at $0.83/lb is expected to be delivered.
The price had risen to $0.85/lb at the date of the financial statements, Copper Monkey should record a loss and liability = (5 million lb) × ($0.83 – $0.85) = 5000000 × 0.02 = 100000
Copper Monkey should record a loss and liability of $100,000
Answer:
5. An experience
Explanation:
Disney World in Orlando is clearly selling an experience with its Wilderness Lodge.
Disney is trying to have customers experience, has close as possible (and as comfortably as possible) what it would have been like to be a pioneer in the wilderness. This is why the hotel, the waiting staff, and the performaces have a pioneer theme and are aimed at making the whole thing feel authentic.
They traveled aboard a boat called the Mayflower
Answer:
the executive team must then plan <u>strategy</u>.
Explanation:
Strategic planning involves analyzing an organization's strengths and weaknesses and also determining opportunities and threats to the organization, and then <u>finding a strategic fit between what the organization is capable of achieving, and the opportunities that exist in the organization's external environment.</u>