Discuss the functions of the Consumer Financial Protection Bureau and the provisions of the Consumer Financial Protection Act of 2010.

What are the main features of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010?

Futures and Options

2. You have to make a 90,000,000 payment in Japanese Yen on close of business day, Friday, September 11th. You decide to hedge your risk with the futures contracts. Assume you that you enter into the futures position at a close of day on Tuesday, September 8th. Futures and spot data are provided in the file HW1_data.doc. Contract size is 12,500,000 yen.

1. Describe the position you decide to enter (long or short).

2. Describe the contract (what month, and what quantity).

3. Document the gain or loss due to marking to market every day that your position is open.

4. What is the total cost in US$ after you have closed out your futures positions, and made your payment?

5. What would have been the total cost in US$, if you had not hedged? Did you benefit from hedging?

6. Repeat steps a) – e) assuming that you expect a payment of 900,000 British pounds on close of business day, Friday, September 11th. Assume you that you enter into the futures position at a close of day on Tuesday, September 8th. Futures and spot data are provided in the file HW1_data.doc. Contract size is 62,500 British pounds.

Japanese Yen Data

Daily Settlements for Japanese Yen Future (FINAL)Trade Date: Wednesday, 09/09/2020

Daily Settlements for Japanese Yen Futures (FINAL)Trade Date: Friday, 09/11/2020

Spot data:

What are the geometric average time-weighted rates of return for the investor?

On January 2, 2010, Sayre Company purchased a machine for $45,000. The machine has a five-year estimated useful life and a $5,000 estimated residual value. In addition, the company expects to use the machine 250,000 hours. Assuming that the machine was used 40,000 and 45,000 hours during 2010 and 2011, respectively, complete the following chart.

WidgetMakers LLC started business January, 01, 2010. They paid a $6,000 premium for insurance coverage on their inventory. The coverage expires June 01, 2010. At this time they renew for the remainder of the year by paying an additional premium of $7,700. What is the quarterly insurance expense that WidgetMakers should report for the period ending June 30,2010. Please explain to me how to do this. why do we multiply 6000 by 2 for april and may if it starts in january and then divide by 5 and same process with the 7700

Q1. Firoz Corp. obtained a trade name in January 2010, incurring legal costs of SAR15,000. The company amortizes the trade name over 8 years. Moon successfully defended its trade name in January 2011, incurring SAR 4,900 in legal fees. At the beginning of 2012, based on new marketing research, Moon determines that the recoverable amount of the trade name is SAR 12,000.

            Prepare the necessary journal entries for the years ending December 31, 2010, 2011, and 2012.