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Question - An Australian based importer has entered into a US dollar denominated contract that will require payment of US$10,000,000 in one month. The importer wishes to lock in an exchange rate today in order to protect its future profit margins. An investment bank gives the following quote for spot and one month forward rates: AUD/USD 0.8040-47 11:17. Calculate the one-month forward exchange rate relevant for the importer.
Expert Ltd has a profit after tax of $200,000 for the year ended 30 June 2019. Find the non-controlling interest as at 30 June 2019
The average costs to bake the croissants are $0.90 for 3,000. If the total cost function for croissants is linear, what will be the average cost to bake 5,200
What is the cash in the bank that should be reported in the statement of financial position on June 30
What is the point estimate for the mean reduction in the diastolic reading after 2 weeks on this diet? (Give your answer correct to one decimal place.)
How much is the joint operation's profit after deduction for salary but before deduction for bonus? On the cash settlement between the joint operators
Prepare an executive summary for Mr. Williams addressing the adjustments that should be made to the Chain's current merchandise inventory policy.
The equipment has a useful life of 8 years with no residual value. Prepare the journal entries related to the lease agreement in 2020
A company has 15 projects going on at once. Three projects are over $5 million, seven projects are between $1 million and $3 million, and five projects are between $500,000 and $700,000. Each project has a full-time project manager.
If the selling price can be increased by 18% with a similar increase in variable costs, how many fewer units would have to be sold to earn $190,000?
derby company prepares monthly cash budgets. relevant data from operating budgets for 2014 are january february sales
What does the term "Covered Member" refer to and who is included as it relates to a particular audit? Discuss the rules on financial interests
What are some of the ethical responsibilities and obligations that management accountants have within an organization? Provide some examples. Are these responsibilities different than the obligations for financial accountants?
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