On December 1, 2013, a US firm plans to sell a piece of equipment [with asking price of 200,000 units of a foreign currency (FC)] during January of 2014. The transaction is probable. The company enters into a forward contract on December 1, 2013 to sell 200,000 FC on February 1, 2014 for $1.02. Spot rates and the forwards rates for January 31, 2014, settlement were as follows (dollars per euro):

Spot Rate Forward rate for 2/1/14

December 1, 2013 $1.04 $1.02

Balance sheet date (12/31/2013) $1.01 $1.00

January 31 and February 1, 2014 $0.99

On January 31, 2014, the equipment was sold for 200,000 FC. The cost of the equipment is $170,000. The US company has an incremental borrowing rate of 12% per year.

Required:

1. Record the journal entries needed on December 1 and December 31, 2013, January 31, and February 1, 2014. Round all entries to the nearest whole dollar (10 points)

2. Answer the following questions:

a. Indicate the amount of the discount or premium at which the foreign currency was originally sold in the foreign currency market (1 point)

b. What is the net impact on December 31, 2013 Stockholder equity related to this transaction? (1 point)

c. What is the accumulated net impact at February 1, 2014 on Stockholder equity related to this transaction? (1 point)

d. What would have been the net impact on December, 31 2013 Stockholder equity related to this transaction if the US company had never entered the Forward Contract? (1 point)

e. What would have been the accumulated net impact on the US company’s Stockholder equity related to this transaction at February 1, 2014 if the US company had never entered the Forward Contract? Was the US company better- or worst off with the derivative contract? (1 point)

A US company enters into a currency swap in which pays a fixed rate of in euros and the counterparty pays a fixed rate of in dollars. The notional principals are $million and] million. Payments are made semi-annually and on the basis of 30 days per month and 360 days per year.

For the initial exchange of payments that take place at the beginning of the swap, is the US company paying USD or EURO to the counterparty? [Type in USD or EURO in the answer box]

My MBA Thesis Topic : The Impact of block chain technology on financial market

Could you please recommend an overview bullet points for my Methodology Part ( Road Plan to work on )

and can you please recommend some questions to ask while working on the data analysis part ( my data collection technique would be interviews )

MBA, spring 2020

Assignment 7

Topic: Logistic Management:

Your task is simple and exploratory: come up with a max. 1000 words write up that covers following:

Autonomous Truck & Drones: how play important roles in logistic management and that are impacting a particular facet of Logistics Management. Write a maximum 1000 words analysis.

After MBA course, you have come to realize that most businesses in Ghana and Africa fail not because of capital adequacy issues but rather, human resources management issues. What significant expectations would you give to all HR managers as needed competences to be equipped with if you are the consultant general to businesses in Ghana? Discuss these factors or requirements

What set of standards does a company use when it operates in multiple countries? For example, for a US company, can they use both GAAP and IFRS? Do they need to choose one?

Excell Computers promptly shipped two servers to its biggest client. The company profits RM5,000 on each one of these big systems. The shipping worker randomly selected the system without replacement that were delivered from 15 computers in stock. The system contain 4 refurbished computer, with 11 new computers in the warehouse.

If the client gets two new computers, Excell earns RM10,000 profit. If the client gets a refurbished computer, it’s coming back for replacement and Excell must pay the RM400 shipping fee, with leaves RM9,600 profit. If both computers shipped are refurbished, consequently the client will return both and cancel the order. As a result, Excell will be out any profit and left with RM8,000 in shipping cost. Let X be a random variable for the amount of the profit earned on the order.

a. Illustrate the event.                                                

b. Construct a probability distribution table and the amount of profit earned for the computer condition.

c. Calculate the expected profit then interpret the value.    

Excell Computers promptly shipped two servers to its biggest client. The company profits RM5,000 on each one of these big systems. The shipping worker randomly selected the system without replacement that were delivered from 15 computers in stock. The system contain 4 refurbished computer, with 11 new computers in the warehouse.

If the client gets two new computers, Excell earns RM10,000 profit. If the client gets a refurbished computer, it’s coming back for replacement and Excell must pay the RM400 shipping fee, with leaves RM9,600 profit. If both computers shipped are refurbished, consequently the client will return both and cancel the order. As a result, Excell will be out any profit and left with RM8,000 in shipping cost. Let X be a random variable for the amount of the profit earned on the order.

a. Illustrate the event.                                                

b. Construct a probability distribution table and the amount of profit earned for the computer condition.

c. Calculate the expected profit then interpret the value.    

Excell Computers promptly shipped two servers to its biggest client. The company profits RM5,000 on each one of these big systems. The shipping worker randomly selected the system without replacement that were delivered from 15 computers in stock. The system contain 4 refurbished computer, with 11 new computers in the warehouse.

If the client gets two new computers, Excell earns RM10,000 profit. If the client gets a refurbished computer, it’s coming back for replacement and Excell must pay the RM400 shipping fee, with leaves RM9,600 profit. If both computers shipped are refurbished, consequently the client will return both and cancel the order. As a result, Excell will be out any profit and left with RM8,000 in shipping cost. Let X be a random variable for the amount of the profit earned on the order.

a. Illustrate the event.                                                

b. Construct a probability distribution table and the amount of profit earned for the computer condition.

c. Calculate the expected profit then interpret the value.    

July 2019 Transactions

Date     Description of the Transaction                                                                                                                    

July 1    Borrow $35,000.00 from 1st Bank by signing a 24 month note.

(As an example of how to journalize and post a transaction -- this transaction has already been entered into the General Journal and posted to the General Ledger.)

July 1    Receive $66,900.00 cash from new investors, and issue $66,900.00 of Common Stock to them. July 1       Purchase $36,000.00 of new mowing equipment, paying cash to the mower dealer.

”     July 1    Pay $500.00 cash for the July truck rental.

July 3    Invoice a new customer $3,560.00, for a completed mowing job — customer will pay in 10 days.

July 5 The Board of Directors declares a cash dividend. The total amount of the dividend is $26,000.00. The Date of Record is set as July 15. The Date of Payment is set as July31“

Jul 7.    Pay the employees $6,500.00 for work performed during the 1st week of July.

_          July 10. Complete a mowing job for a new customer — customer pays $915.00 cash for the job.

July 12. Collect $3,500.00 cash from the golf course for special rush mowing job completed on May 31.

July 1.4 Pay the employees $5,000.00 for work performed during the 2nd week of July.

July 15 . Purchase $880.00 of supplies from the mower dealer. The supplies are consumed immediately.

Lenny’s will pay the mower dealer for the supplies in about 2 weeks.

July 15 Collect $3,560.00 on account. The cash that is received is from the new customer for the job

that was completed on July 3.

.          July 17   One of the original mowers purchased in January of 2018 broke down and is repaired by the mower deaIer. The cost of the Mower Repair job is $895.00. Lenny’s will pay the mower dealer in 30 days.

July 19. Purchase for cash $31,000.00 of supplies. These supplies will be consumed over the next 12 months.

July 20 Collect $30,000.00 from the property management company for work performed in June.

July 21. Pay the employees $4,850.00 for work performed during the 3rd week of July.

July 23. Receive a $23,250.00 advance payment from the university. The advance payment  is for 6 months of work which will be performed from August 1, 2019 to January 31,2020.

July 25. Complete a special mowing job for the golf course. The total price for the mowing job is $7,050.00. The golf course pays $1,000.00 cash on this date and will pay the remainder on August 25.

July 27. Complete a mowing job for a new customer — customer pays $400.00 cash for the job. July 27 Pay $880.00 cash to the mower dealer for the supplies purchased on account on July 15. July 28 Pay the employees $5,300.00 for work performed during the 4th week of July.

July 31. Invoice the property management company $25,500.00 for July mowing work. The property management company will pay the invoice on the 20th of next month.

July 31. Pay the cash dividend which was declared on July 5.

Additional Information

Equipment: The $48000.00 beginning balance in the Equipment account relates to the mowing equipment which”was purchased on January 2, 2018. For information related to this mowing equipment see Page 70 in the Solid Footing book. This equipment continues to be used and should be depreciated for the month of July.

The following information relates to the new equipment which was purchased on July 1, 2019:

- The new equipment was placed into service on July 1, 2019 and should be depreciated for the month of July.

-The estimated useful life of the new equipment is 5 years.

- At the end of 5 years, the new equipment will have no future value and will be scrapped. The new equipment will be depreciated using the straight-line method.

Supplies: At the end of July there are $28,150.00 supplies on-hand.

Mowing service at the  University:

The monthly mowing service was provided to the university per the contract signed on April 1, 2019.

Wages due the Employees:   The last wage payment was made to the employees on July 28, 2019. The employees worked on

July 29, 30, and 31. For these three days of work the employees earned $3,175.00 of wages. These three days of wages will be paid to the workers during the first week of August.

Bank Loan:            The interest on the loan from 1st Bank will be paid every three months. The first interest payment

to the bank will be made on September 30, 2019. Lenny's calls the bank on July 31 and the bank indicates that the interest on the loan for July is $860.00.

I NEED A GENERAL JOURNAL FOR THIS INFORMATIONS.