User Account

All Pages

What amount is the equipment recorded on books on november

Assignment Help Managerial Accounting
Reference no: EM132998301

On October 1, 2017, KAZZIE Company ordered some equipment from a supplier for 200,000 baht. Delivery and payment is to occur on November 30, 2017. The spot rates on October 1 and November 30 are P1.50 and P1.30.

Problem 1. If the company does not hedge the commitment, at what amount is the equipment recorded on the books on November 30, 2017?

Problem 2. If the company acquires on October 1, 2017 a forward contract to hedge any unfavorable changes in fair value of the equipment, at what amount is the equipment recorded on the books on November 30, 2017? The October 1, 2017 forward rate for November 30 settlement is P1.35.

Reference no: EM132998301

Questions Cloud

What is the required percentage increase in sales : What is the required percentage increase in sales from T-1 to compensate for lost margin from T-2,if total fixed costs can be reduced by $47,000?
How has the ceo of grace kennedy performed : How has the CEO of grace Kennedy performed the strategizing task of management?
What are the fema corps : What are the FEMA Corps? Describe the FEMA resources available online to businesses and to families to help them prepare for disasters. Do they think they are r
Explain five ways in which participatory development : Participatory development is an active process in which the participants take an initiative and action that is stimulated by their own thinking and deliberation
What amount is the equipment recorded on books on november : If the company does not hedge the commitment, at what amount is the equipment recorded on the books on November 30, 2017?
What does emmanuel kant mean by acting out of duty : What does Emmanuel Kant mean 'by acting out of duty?" Please explain while giving real-life concrete examples.
Calculate the net cash flows for shrieves casting company : Shrieves Casting Company, Calculate the net cash flows for each year. Based on these cash flows, what are the project's NPV, IRR, MIRR, and payback?
How does the performance of the average throughput : How does the performance of the average throughput compare to the practical worst case throughput? What is the estimated average WIP level?
Determine the best investment opportunity to recommend : Determine the best investment opportunity to recommend to the president of Donovan Enterprises and provide rationale for your recommendation.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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