DingDong Co. was formed on January 1, 2018 as a wholly owned foreign subsidiary of a U. S. corporation. Ding Dongs functional currency was the stickle (§). The following transactions and events occurred during 2018: Jan. 1 DingDong issued common stock for §1,000,000. June 30 DingDong paid dividends of §20,000. Dec. 31 DingDong reported net income of §80,000 for the year. Exchange rates for 2018 were: Jan.1 § 1 = $ 0.48 June 30 § 1 = $ 0.46 Dec.31 § 1 = $ 0.42 Weighted average rate for the year § 1 = $ 0.44 What exchange rate should have been used in translating Ding Dongs revenues and expenses for 2018

In december of 2004, the company you own entered into a 20-year contract with a grain supplier for daily deliveries of grain to its hot dog bun manufacturing facility. the contract called for "10,000 pounds of grain" to be delivered to the facility at the price of $100,000 per day. until february 2017, the supplier provided processed grain which could easily be used in your manufacturing process. however, no longer wanting to absorb the cost of having the grain processed, the supplier began delivering whole grain. the supplier is arguing that the contract does not specify the type of grain that would be supplied and that it has not breached the contract. your company is arguing that the supplier has an onsite processing plant and processed grain was implicit to the terms of the contract. over the remaining term of the contract, reshipping and having the grain processed would cost your company approximately $10,000,000, opposed to a cost of around $1,000,000 to the supplier. after speaking with in-house counsel, it was estimated that litigation would cost the company several million dollars and last for years. weighing the costs of litigation, along with possible ambiguity in the contract, what are three options you could take to resolve the dispute? which would be the best option for your business and why?

Bonds often pay a coupon twice a year. for the valuation of bonds that make semiannual payments, the number of periods doubles, whereas the amount of cash flow decreases by half. using the values of cash flows and number of periods, the valuation model is adjusted accordingly. assume that a $1,000,000 par value, semiannual coupon us treasury note with three years to maturity has a coupon rate of 3%. the yield to maturity (ytm) of the bond is 7.70%. using this information and ignoring the other costs involved, calculate the value of the treasury note:

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