Your firm is a U. K.-based importer of bicycles. You have placed an order with a Swiss firm for SFr. 1,000,000 worth of bicycles. Payment (in Swiss francs) is due in 12 months. Use a money market hedge to redenominate this one-year receivable into a euro-denominated receivable with a one-year maturity. Contract Size Country U. S. $ equiv. Currency per U. S. $ interest rates APR
€10,000 Britain (Pound) $1.96 €0.5102 is = 1%
12 Months Forward $2.00 €0. 5000 ie= 1%
€10,000 Euro $1.56 € 0.64 ie= 2%
12 Months Forward $1.60 € 0.63 ie= 3%
SFr. 10,000 Swiss Franc $0.92 SFr. 1.0870 iSFr.= 4%
12 Months Forward $1.00 SFr. 1.0000

The following were computed without rounding. Select the answer closest to yours.

a. £803,721.49
b. €800,000
c. £780,312.13
d. £72,352.94

Collective bargaining provides for a representative of employees to negotiate with a representative of management over labor issues including wages. true or false?

You and your new australian bride matilda, are applying for a loan and are required to submit a balance sheet with your net worth. you own a 2008 toyota camry that you bought last month for $9,995. the kelly blue book value for this car is $13,995. you owe $8,150 on the car loan for the camry. you pay off your visa credit card every month and have not paid any credit card interest this year. the current visa credit card balance is $3,522, and the next statement is due in 15 days. you have a student loan balance of $6,500. you presently have $425 in your checking account and $1,540 in your savings account. you own 100 shares of ibm stock that you purchased for $85.50 per share. one share of ibm is now selling for $158.42. you own computers and other electronics that you purchased for $4,100 but could probably sell today on e-bay for $1,800. your gross income is $80,000 per year. what is your current net worth? (see wb ch. 2 example 2.3)

Use the following account numbers and corresponding account titles to answer the following question. account no. account title (1) cash (2) merchandise inventory (3) cost of goods sold (4) transportation-out (5) dividends (6) common stock (7) selling expense (8) loss on the sale of land (9) sales which accounts would appear on the income statement?