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Problem 1: On 1st June 2015 the bank enters into a forward contract for 2 months for selling US$ 1,00,000 at 65.5000. On 1st July 2015 the spot rate was 65.7500/65.2500. Calculate the amount to be debited in the customer's account.
Blue Corporation, a U.S. manufacturer, sold goods to their customer in Hungary on December 12, 2014 for 6,000,000 Hungarian forints. The customer agreed to pay in Hungarian forints in 30 days. Record the journal entries that Blue would need related t..
In the current year, Katie predeceases Russell at a time when the property is worth $500,000. What does Katie's gross estate include as to this property?
Explain how each of the foregoing transactions is reported in the Kessinger County General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance.
Analytical procedures are: a) statistical tests of financial information designed to identify areas requiring intensive investigation b) analytical tests of financial information made by a computer c) diagnostic tests of financial information that ma..
Preapare Journal entry to accrue the weekly payroll as at 30 June. Canberra Ltd has a weekly payroll of $125 000. The last payroll processed
Companies that use a process-cost accounting system would establish a separate Work-in-Process Inventory account for each manufacturing department. The flow of costs through the manufacturing accounts is essentially the same in both process costing a..
CPAs are allowed to advertise under the Rules of the AICPA Code of Professional Conduct. List the general guidelines regarding the nature of acceptable advertising. Describe two specific forms of unacceptable advertising.
Perform a Horizontal and Vertical Analysis on the Income Statement of each company, for the years 2015 and 2014.(For example, to complete a Horizontal Analysis for 2014, 2013 data will be required).
During the month of September, direct labor cost totaled $21,000 and direct labor cost was 40% of prime cost. If total manufacturing costs during September were $103,000, the manufacturing overhead was:
It is considering two possible options to use - Hire Purchase or to lease the vehicles. Discuss the strengths and weaknesses of EACH option.
calculating annuity present value epr amp annual percentage rate apr.1. calculating present valuesnbspan investment
What is NPV if the firm investment is entitled to immediate 100% bonus depreciation? (Do not round intermediate calculations. Round your answer)
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