Business, 24.10.2019 01:30, rightdimple3692

Brandlin company of anaheim, california, purchases materials from a foreign supplier on december 1, 2017, with payment of 22,000 korunas to be made on march 1, 2018. the materials are consumed immediately and recognized as cost of goods sold at the date of purchase. on december 1, 2017, brandlin enters into a forward contract to purchase 22,000 korunas on march 1, 2018. relevant exchange rates for the koruna on various dates are as follows:

forward rate (to march 1, 2018) 4.075 spot rate date december 1, 2017 december 31, 2017 march 1, 2018 $ 4.00 4.200 4.10 4.25 niabrandlin’s incremental borrowing rate is 12 percent. the present value factor for two months at an annual interest rate of 12 percent (1 percent per month) is 0.9803. brandlin must close its books and prepare financial statements at december 31.

a-1. assuming that brandlin designates the forward contract as a cash flow hedge of a foreign currency payable and recognizes any premium or discount using the straight-line method, prepare journal entries for these transactions in u. s. dollars.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 14:20, kevinglvz

Anew 2-lane road is needed in a part of town that is growing. at some point the road will need 4 lanes to handle the anticipated traffic. if the city's optimistic estimate of growth is used, the expansion will be needed in 4 years and has a probability of happening of 40%. for the most likely and pessimistic estimates, the expansion will be needed in 8 and 15 years respectively. the probability of the pessimistic estimate happening is 20%. the expansion will cost $ 4.2 million and the interest rate is 8%. what is the expected pw the expansion will cost?

Answers: 1

continue

Business, 23.06.2019 00:00, aloading2256

Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.

Answers: 1

continue

Business, 23.06.2019 00:50, allimaycatp8qgaq

Aproduction department's output for the most recent month consisted of 8,000 units completed and transferred to the next stage of production and 5,000 units in ending work in process inventory. the units in ending work in process inventory were 50% complete with respect to both direct materials and conversion costs. calculate the equivalent units of production for the month, assuming the company uses the weighted average method.

Answers: 3

continue

Business, 23.06.2019 02:00, Squara

1. how much money did selfridge spend on advertising before the store’s opening? 2. explain what shopping was like in london during the early 1900s. how does this differ from the modern shopping experience? 3. what was the role of a floorwalker in 1900s london? 4. what inspired selfridge to ensure that customers in his store could browse at their leisure? do you need the links to the video?

Answers: 1

continue

Do you know the correct answer?

Brandlin company of anaheim, california, purchases materials from a foreign supplier on december 1,...