On june 1, 2017, micro corp. received an order for parts from a mexican customer at a price of 1,000,000 mexican pesos with a delivery date of july 31, 2017. on june 1, when the u. s. dollarâmexican peso spot rate is $0.115, micro corp. entered into a two-month forward contract to sell 1,000,000 pesos at a forward rate of $0.12 per peso. micro designates the forward contract as a fair value hedge of the firm commitment to receive pesos, and the fair value of the firm commitment is measured by referring to changes in the peso forward rate. micro delivers the parts and receives payment on july 31, 2017, when the peso spot rate is $0.118. on june 30, 2017, the mexican peso spot rate is $0.123, and the forward contract has a fair value of $2,400. problem 9-19 (lo 9-8) what is the net impact on micro's net income for the quarter ended september 30, 2017, as a result of this forward contract hedge of a firm commitment?
Answers: 1
Other questions on the subject: Business
Business, 22.06.2019 09:50, anonymous777739
Beck company had the following accounts and balances at the end of the year. what is net income or net loss for the year? cash $ 74 comma 000 accounts payable $12,000 common stock $21,000 dividends $12,000 operating expenses $ 13 comma 000 accounts receivable $ 49 comma 000 inventory $ 47 comma 000 longminusterm notes payable $33,000 revenues $ 91 comma 000 salaries payable $ 30 comma 000
Answers: 1
Business, 22.06.2019 10:30, foreignlove1039
When sending a claim to an insurance company for services provided by the physician, why are both icd-10 and cpt codes required to be submitted? how are these codes dependent upon each other? what would be the result of not submitting both codes on a medical claim to an insurance company?
Answers: 2
Business, 22.06.2019 17:30, Envious1552
Gary lives in an area that receives high rainfall and thunderstorms throughout the year. which device would be useful to him to maintain his computer?
Answers: 2
Do you know the correct answer?
On june 1, 2017, micro corp. received an order for parts from a mexican customer at a price of 1,000...
Questions in other subjects:
Mathematics, 13.05.2021 23:50
Health, 13.05.2021 23:50
Mathematics, 13.05.2021 23:50
