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suter [353]
1 year ago
5

Curtis purchased inventory on December 1, 2020. Payment of 250,000 stickles was to be made in sixty days. Also on December 1, Cu

rtis signed a contract to purchase §250,000 in sixty days. The spot rate was §1 = 0.33682, and the 60-day forward rate was §1 = $0.36842. On December 31, the spot rate was §1 = 0.32438 and the 30-day forward rate was §1 = 0.36386.
At what amount should the Forward Contract account be recorded on December 1?
Business
1 answer:
jek_recluse [69]1 year ago
3 0

Answer: $0

Explanation:

Forward contracts get their value from the cost and on December 1, there was no cost to Curtis as he Curtis had just signed the contract.

This means that the amount that should be recorded for the Forward Contract should be $0. Even though the contract is valued at $0, it will still need to be credited against the amount to be received to at least recognize that a forward contract was entered into.

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Matrix organization.

Explanation:

A matrix organization is a blended organizational structure. This tries simultaneously to deal with competing pressures for global integration and local responsiveness. Institutes overlaps among functional and divisional forms.

Although a functional hierarchy is still in place, the project manager is recognized as a valuable position and is given more authority to manage the project and assign resources.

Gives functional, product, and geographic groups a common focus.

Matrix organizations can be further divided into weak, balanced, and strong matrix organizations. A weak matrix gives more authority to the functional manager (FM), whereas the strong matrix gives more power to the PM. As the name suggests, the balanced matrix balances power between the FM and the PM. The difference between the three is the level of authority given to the project manager (PM).

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2 years ago
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How much money does Lupe now have in her checking account?
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75 I think not 100% but that makes Sense
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Consider the following statements regarding Company A and Company B:The two companies have identical operating results but have
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A. A only

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Since under US GAAP, once PPE is written, it can not be reversed. as Company B is indicated to have reversed the write down while company A did not. It therefore means that Company A only is reporting under US GAAP.

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A registered investment company whose share price fluctuates independently of its net asset value is most likely
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Closed-End Fund

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