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Question - On 15th January 2015 you as a banker booked a forward contract for US$ 250000 for your import customer deliverable on 15th March 2015. On due date customer request you to cancel the contract. On this date quotation for US$ in the inter-bank market is as follows:
Spot '/$65.2900/2975
Spot/ April 3000/3100
Spot/ May 6000/6100
Assuming that the flat charges for the cancellation is '100 and exchange margin is 0.10%, then determine the cancellation charges payable by the customer.
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safety seats co. recorded operating data for its shoe division for the year. the companys desired roi is
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Compute the unit product cost for each year under absorption costing and under variable costing. Miller Company has just completed its second year of operations
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