User Account

All Pages

Describes manner in which tackett company report contract

Assignment Help Accounting Basics
Reference no: EM133151361

Question - On December 1, Year 1, Tackett Company (a U.S.-based company) entered into a three-month forward contract to purchase 1 million Mexican pesos on March 1, Year 2. The following U.S. dollar-peso exchange rates apply: DateSpot RateForward Rate(to March 1, Year 2)December 1, Year 1$0.088$0.084December 31, Year 1 0.080 0.074March 1, Year 2 0.076 Tackett's incremental borrowing rate is 12 percent. The present value factor for two months at an annual interest rate of 12 percent (1 percent per month) is 0.9803. Which of the following correctly describes the manner in which Tackett Company will report the forward contract on its December 31, Year 1, balance sheet?

Reference no: EM133151361

Questions Cloud

Calculate the proceeds from issuance : Calculate the proceeds from issuance if the yield rate is 5% and the bond is issued on 1 August 20X4, still with a maturity date of 31 July 2012
Prepare journal entries for speculative forward contract : On March 1, Year 2, the currencies are exchanged when the spot rate is PP1=$0.0220. Prepare journal entries for speculative forward contract
Why would alexis be hesitant to make such a change : Turner Container Company is suffering declining sales of its principal product, Why would Alexis be hesitant to make such a change
Employee of arabella advisors : John Winthrop is an employee of Arabella Advisors. He recently submitted an expense report, and it was approved by his supervisor.
Describes manner in which tackett company report contract : Which of the following correctly describes the manner in which Tackett Company will report the forward contract on its December 31, Year 1, balance sheet
Consulting services to couples contemplating marriage : Your client, Barbara, has just formed a new corporation that provides consulting services to couples contemplating marriage.
Calculate the cost of each alternative : The company you work for is deciding between 3 alternative capital investments with different cash outlays. Calculate the cost of each alternative
Prepare the journal entries on the books of carla ltd : Prepare the journal entries on the books of Carla Ltd. to revalue the building on December 31, 2019 and December 31, 2021 using the asset adjustment method
Allocation of Costs Reflection : Transfer pricing between divisions in a decentralized organization can be a hot topic of conversation.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd