User Account

All Pages

Determine the extension charges payable by the customer

Assignment Help Cost Accounting
Reference no: EM132776290

Suppose you as a banker entered into a forward purchase contract for US$ 50,000 on 5th March with an export customer for 3 months at the rate of ` 59.6000. On the same day you also covered yourself in the market at `60.6025. However on 5th May your customer comes to you and requests extension of the contract to 5thJuly.

On this date (5th May) quotation for US$ in the market is as follows:

Spot/ 5th June 59.2300/2425

Spot/ 5thJuly 59.6300/6425

Problem 1: Assuming a margin on buying and selling, determine the extension charges payable by the customer and the new rate quoted to the customer

Reference no: EM132776290

Questions Cloud

What will be the new required return for the stock : What will be the new required return for the stock? What is the percentage-wise change in required return compared to your answer to A) above?
Define healthcare outcomes of the vulnerable populations : Illustrate an interdisciplinary approach to improvement of the healthcare outcomes of the vulnerable populations. 150-word minimum/250-word maximum without the.
Explain what are weak secondary interactions : Why are weak secondary interactions important for a protein to maintain its structure?
Calculate the volume of water in ml : Calculate the volume of water in mL that must be added to 59.9 mL of a 5.14 mol/L solution to produce a diluted solution with a concentration of 2.50 mol/L.
Determine the extension charges payable by the customer : Assuming a margin on buying and selling, determine the extension charges payable by the customer and the new rate quoted to the customer
Calculate the initial concentration : Calculate the initial concentration of a 100.0 mL sample of calcium chloride solution if the final diluted solution has a volume of 345 mL and a concentration o
Identify and take actions to mitigate the risks identified : We are required to complete at least one FMEA (Failure, Mode, Effect, Analysis) each year. This is a ‘proactive' risk assessment which selects a situation.
What are some nonroutine skills that people have : In this unit, you learned about nonroutine skills and how management information systems (MIS) can help you to gain those skills.
Determine molar concentration of sodium nitrate solution : The following evidence was obtained from an experiment to determine the molar concentration of a sodium nitrate solution.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Research a publicly-traded company

Recommend one (1) approach that your selected company can take to lower either the direct labor or direct material costs of technology products

  Overapplied or underapplied overheadat year-end 2010 dubs

overapplied or underapplied overheadat year-end 2010 dubs wind generator co. had a 40000 debit balance in its

  Difference in allocation of liabilities

Illustrate the difference in allocation of liabilities to these three partners - Explain the difference in recourse and nonrecourse liabilities when distinguishing between general and limited partners

  Solve the total variable production

Solve The total variable production and The conversion costs in total and the conversion cost per unit and The total production.

  What was the service department roi for the year

The average service fee was $50 per unit. What was the Service Department's ROI for the year? (round to the nearest whole percent)

  Determine the number of equivalent units of production

Determine the number of equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories.

  Cost management emphasizes independently

True or False............For best results, cost management emphasizes independently coordinating supply chain activities within your company and not interfering with other companies.

  Importance of each ratio and how it relates to panera bread

Profitability Ratios-profit margin, asset turnover, return on assets, debt-to-equity ratio, return on equity and long-term Solvency Ratios-debt-to-equity ratio, debt to total assets, times interest earned, cash debt coverage

  Show an customer level indirect cost incurred at your

show an customer level indirect cost incurred at your current or former place of business being sure to address the

  The material is expected to cost $10 per gallon

SoCal Co. predicts that it will use 225,000 gallons of material during the year. the material is expected to cost $10 per gallon.its anticipates that it will cost $40 to place each order. the annual carrying cost $2 per gallon.

  Journal entries relative to uncollectible accounts

Prepare all appropriate journal entries relative to uncollectible accounts and bad debt expense and show the year-end balance sheet presentation for accounts receivable.

  What wagner should charge a selling price of

Wagner sells product A at a price of P21 per unit. To achieve an increase in operating income of P40,000. Wagner should charge a selling price of

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