i)No excel please . A US firm will receive 125 million pounds in 6 months from its overseas operations. The company could buy a 6 month forward contract on 125 million pounds to hedge its foreign exchange risk.T of F
ii)8The peso/Canadian dollar spot rate is C$.12/MP and the peso sells at a 3% forward premium. Find the current forward rate. C$.1212/MP bC$.1164/MP c C$8.0989/MP dNone of the above
iii)In general, hedging with derivative contracts involves taking a position in the derivatives market that allows you to offset potential losses you might incur with the underlying asset.T or F iv)An American company is set to receive 50 million Peruvian soles from its overseas operations in 12 months. The company decides to enter into a 12 month forward contract for 50 million soles to mitigate its price risk. The forward rate is $.30/sole. Find the American firm's profit/loss (in terms of dollars) on the forward contract if the spot rate is $.40/sole at expiration. Round intermediate steps to four decimals. my guess is 5 million ?help please .
In: Finance
December 10, 2020 $.275
December 31, 2020 $.268
February 10, 2021 $.273
Prepare all necessary journal entries.
In: Accounting
1.4 "the rand depreciated, on average, against the US dollar (from 13.90 to 14.90 rand per USD) during the period under review."
critically evaluate the possible impact of the depreciation of the Rand on the trade balance in South Africa.(10)
In: Economics
come up with the scenario where housing could give us a WTP to avoid pollution from a nearby coal power plant and a scenario where we could undercover the necessary payment people would be willing to accept to tolerate the coal plant nearby.
In: Economics
In: Physics
Zane just graduated from college and us thrilled to explore his new life and all the excitement that comes with it. Just now, Zane received communication from a company to whom he owes $100,000 in student loans. The information in the communication states that Zane agreed on an annual interest rate of 7.99% that is compounded annually. Also, Zane is allowed to make one fixed payment at the end of each year for the next 10 years.
Zane is shocked by this information because it has been 4 years since he signed that agreement but he is not dishearted because he received another email from a company he interviewed with that he has been hired at an above average starting salary. Zane is a planner and he pulls up his old financial calculator to figure out how he is going to be debt free very soon.
Although the loan asks for payment at the end of each year, Zane believes that he should not wait all year long and instead should save every month. His expected salary after taxes is $5,000 per month. He has a savings account at a credit union that is expected to pay 3% interest on savings that is compounded monthly.
In order to save the annual payment, Zane has decided to deposit an equal amount of money from his paycheck to his savings account. What should be the monthly amount for Zane to have accumulated the annual payment? Show steps on how you got answer.
In: Finance
Eric received an email from Amazon Customer Service that said "Thank you for contacting us." But Eric did not contact them. Instead, an attacker had contacted them and pretended to be Eric. When Amazon Customer Service asked the attacker to identify himself all he had to do was give Eric’s name, email address, and mailing address—which the attacker got from Whois, which contains Eric’s registration information for his website. However, Eric knew to protect his actual mailing address so the registration information on Whois was actually a hotel close to Eric’s house. Because the information matched what was on file, Customer Service told the attacker the mailing address of Eric’s order, which was his real home address. Eric contacted Amazon, found out these details, and told them not to release any of his information to anyone who contacted Customer Service, to which Amazon agreed. Fast forward two months. Eric again received another "Thank you for contacting us" email. After contacting Amazon again, he found that this time the attacker had tried to get the last four digits of Eric’s credit card number on file through more social engineering tricks.
Fortunately, this time Amazon did not surrender that specific piece of information (although they had ignored his previous instruction not to give out any information). Had they provided the credit card number the attacker would have had enough information to pass the "I’m-the-real- Eric" test on almost any of Eric’s online accounts (using his name, email address, mailing address, and last four digits of his credit card) and trick their Customer Service into resetting Eric’s password. This would then allow the attacker to get into Eric’s online accounts and purchase a virtually unlimited number of items charged to Eric’s credit card. What went wrong? Should the first Amazon Customer Service representative have been reprimanded? What policies should Amazon have had in place to prevent this? What technologies should there be in place to prevent this? As a customer, what should you do to protect your online accounts?
Write a one-page paper on your analysis.
In: Operations Management
Peter unmarried daughter, Celia lived with him in his home for the entire year. Peter is divorced. He owns his own home and pays all of the costs of upkeep for the home. Peter paid over one half of the cost of support for Celia. peter may file as head of household if Celia is...
A 19 years old and earned $3800 in wages
B 22years old a full time student for five minutes and earned $500 in wages
C 21years old and earned $3725 in wages
D 20 years old and earned $4000 in wages
In: Accounting
The executor of Gina Purcell’s estate has recorded the following information:
Assets discovered at death (at fair value):
| Cash | $ | 840,000 | |
| Life insurance receivable | 215,000 | ||
| Investments: | |||
| Walt Disney Company | 35,000 | ||
| Polaroid Corporation | 51,000 | ||
| Ford Motor Company | 58,000 | ||
| Dell Inc. | 56,000 | ||
| Rental property | 540,000 | ||
| Cash outflows: | |||
| Funeral expenses | $ | 45,000 | |
| Executor fees | 36,000 | ||
| Ordinary repairs of rental property | 5,000 | ||
| Debts | 89,000 | ||
| Distribution of income to income beneficiary | 6,400 | ||
| Distribution to charitable remainder trust | 420,000 | ||
| Cash inflows: | |||
| Sale of Polaroid stock | $ | 66,000 | |
| Rental income ($6,000 earned prior to death) | 14,000 | ||
| Dividend income ($4,400 declared prior to death) | 15,000 | ||
| Life insurance proceeds | 215,000 | ||
Debts of $41,000 still remain to be paid. The Dell shares have been conveyed to the appropriate beneficiary. Assume that Ms. Purcell’s will stated that all executor fees are to be paid from principal.
Prepare an interim charge and discharge statement for this estate.
In: Accounting
Assume you are interviewing for a part-time accounting job at Soda Pink Inc., and the interviewer gives you the following list of company transactions in September 2019.
Sep 1 Received $200,000 for capital stock issued.
2 Paid $23,000 cash to employee for wages earned in September 2019.
4 Purchased $75,000 of equipment on account.
5 Paid utilities of $1,800 for September 2019.
9 Paid $1,500 cash for September’s insurance premium.
11 Provided services for $70,000, with $20,000 received in cash and the remaining balance on credit.
15 Purchased $5,000 of supplies on account.
21 Received $25,000 from customers as payments on their accounts.
25 Paid $77,500 of accounts payable.
Required:
In: Accounting