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On November 1, 2009, Hills Gold Processing Company had 250 ounces of unprocessed gold inventory at a cost of $500 per ounce. The cost of processing the gold is $200 per ounce and the processing takes 5 days. All the volatility in Hills earnings is related to the price fluctuations in processed gold prices. To hedge this position Hills entered into a futures agreement on November 1, 2009 to sell 250 ounces of processed gold on March 15, 2010 for $915 per ounce. The market value of processed gold on November 1, 2009 is $925 per ounce. The hedge qualifies as a fair value hedge of the gold inventory. The price for this futures contract is $975 per ounce on December 31, 2009. Hills Company exits the futures contract on March 15, 2010 when the futures price for this contract is $865. 15. Hills computes the gross profit as Total Revenue (including all gains/losses on the hedging instruments) minus Cost of Unprocessed Gold minus Processing Cost. The gross profit to Hills on March 15, 2010 is : A. $53,750 B. $58,250 C. $68,750 D. $33,500.
Calculate cost of the proposed recommendations for 3 West. Compute totals for each column. Calculate the new personnel budget. Compute totals for each column.
The Perez Company has the opportunity to invest in one of two mutually exclusive machines. Using the replacement chain approach to project analysis,
How would you determine whether the space station should be discontinued using cost-benefit analysis?
There are about 20 financial ratios commonly used to assess one company's performance compared to another company in the same industry, or to itself over time. Why or why not do you consider it sound business practice to make financial decisions base..
A currency dealer has good credit and can borrow either $1,000,000 or 800,000 pounds for one year. The one-year interest rate in the U.S. is i$= 5% and in the euro zone the one-year interest rate is ipound= 4%. Show how to realize a certain profit vi..
PK Software has 8.2 percent coupon bonds on the market with 25 years to maturity. The bonds make semiannual payments and currently sell for 109.75 percent of par. What is the current yield on PK's bonds? What is the effective annual yield?
The firm is entirely equity financed and has a profit margin of 5% and tax rate of 35%. What is the amount of the operating cash flow?
Day fines are fines that are based on a sliding scale. The amount of money a person actually pays for an offense is based on their income. The term “day fine” refers to a fine that is equivalent to a certain number of days of work for the offender.
What is the weighted average expected rate of return for all investments made in January and what is the weighted average actual rate of return for all investments ending in December?
Draw and label a downward sloping term structure of interest rates. What can the borrower do to reduce the disadvantage of using the long-term bonds?
Determine whether the manager is saying the firm is undervalued or overvalued. Undervalued/Overvalued.
Today, Litchfield Design purchased a piece of equipment for 82,000 dollars that will be depreciated to 14,000 dollars over 17 years using straight-line depreciation. What would the after-tax cash flow be from the equipment sale if the equipment is so..
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