User Account

All Pages

Prepare journal entries to update the books on January

Assignment Help Accounting Basics
Reference no: EM132575955

Question - On January 1, 2020, Crane Inc. entered into a future contract to purchase U.S. $5320 for $5690 Canadian in 30 days on the future exchange. On January 15, the fair value of the contract was $41 (reflecting the present value of the future under the contract). Crane inc. was required to deposit $23 with the stockholder as a margin.

Required - Prepare journal entries to update the books on January 1st and 15th.

Reference no: EM132575955

Questions Cloud

Reading about classical conditioning : Scientists have studied learning and memory for many years. Ivan Pavlov is particularly well known for his theories on conditional coding
Human resources and operational design : Determine the top three (3) functions of the Human Resources Department and then explain why you believe they add value to the business model.
Building an erm program at general motors-bon boulangerie : What are the pros and cons of having risk officers as part-time assignments within different functions and business units?
Worldview and philosophy of nursing : Using the reading and the questionnaire, write a paper of 750-1,000 words in which you describe your professional moral compass.
Prepare journal entries to update the books on January : On January 1, 2020, Crane Inc. entered into a future contract to purchase U.S. $5320 for $5690 Canadian, Prepare journal entries to update the books on January
What costs will occur and vice versa : How to analyze using info graphic to make decision that must be taken by the company along with the impacts, advantage, and disadvantage?
Identify all the important stakeholders for the entity : Choose a company or an industry in which you have worked or would like to work. It could be a hospital or a physician practice.
Working definition of integrity for an intelligence : An element of the National Security Act of 1947 stated "...No United States intelligence information may be provided
Determine total cost of may raw materials purchases : Determine Total Cost of May Raw Materials Purchases.Raw Material Costs for May's Production.Alpha company makes units that each requires 2 pounds

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