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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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Note: Use the Tax Tables to calculate the answers to the problems listed.
kkurt [141]

Answer:

  1. $104.50
  2. $67.50
  3. $65.50
  4. $77.50
  5. $56.50

Explanation:

the income tax to withhold from the biweekly wages are :

  • <u> </u><u>Karen Overton (single, 0 allowances), $900 wages</u>

=$34.90 + ($900 - 436) x 15%

= $104.50

  • <u> Nancy Haller (married, 4 allowances), $1,000 wages </u>

=($1000 - 325 ) x 10%

= $67.50

  • <u>Alan Glasgow (married, 1 allowance), $980 wages </u>

=($980 - 325 ) x 10%

= $65.50

  • <u>Joseph Kerr (single, 4 allowances), $720 wages </u>

= $34.90 + ($720 - $436) x 15%

= $77.50

  • <u> </u><u>Ginni Lorenz (single, 1 allowance), $580 wages</u>

= $34.90 + ($580 - $436) x 15%

= $56.50

5 0
1 year ago
If you buy your tickets early for a live theater production in Rome, you'll pay about 30 percent less, than if you buy them on t
kow [346]

Answer: Price differentiation

Explanation:

The startegy used by the theater company to shift demand for theater tickets is differentiating on the price. Price differentiation is a pricing strategy whereby difeent sets of customers are charged different prices for the same good or services.

The theater company gives 30% discount for people who buy the tickets early compared to people who buy the ticket on the day of the performance. This so differentiation on price.

6 0
1 year ago
Read 2 more answers
Match the following theories to their best descriptive statements: A. Cost benefit analysis for finding the best possible result
mariarad [96]

Answer:

A-1 B-3 C-4 D-2

Explanation:

The description given in option A fits utilitarianism which is an ethical term describing a decision where the best outcome for the largest possible number of people is considered the solution.

The description given in option B fits social contract which desribes accepting the authority of the state and deciding on basic principles so that the society can exist.

The description given in option C fits virtue ethics which is a field of ethics that discusses virtues such as honesty.

The description given in option D fits deontology which is an ethical theory that suggests that each action should be examined if it is good or bad by following certain rules.

I hope this answer helps.

7 0
1 year ago
As the winter holiday season was approaching, Margie decided to give each team a window display or an indoor display to decorate
Flura [38]

Answer:

The answer is autonomy (Option D)

Explanation:

Autonomy in human resource management refers to the level or degree of discretion and freedom which an employee is permitted to exercise when performing his/her job.  In other words, it means granting employees the freedom on how to approach work.  

A manager or superior like Margie (in the question) who gives employees autonomy simply gives minimal instruction on what needs to be achieved but allows the employees to go about the job in ways that best suit them.

7 0
1 year ago
The ​ S&amp;P 500 index delivered a return of 10​%, 15​%, 15​%, and −25​% over four successive years. What is the arithmetic ave
natali 33 [55]

Answer:arithmetic average annual return per​ year= 3.75%

Explanation:

Year 1 = 10%

Year 2= 15%

Year 3 = 15%

Year 4 = -25%

total return = 15%

Arithmetic average annual return per year =(Return of year1 + return of year 2 + return of year 3+ return of year 4 )/4 =  15% /4 = 3.75%

5 0
2 years ago
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