User Account

All Pages

What are the journal entries on january

Assignment Help Cost Accounting
Reference no: EM132547987

On January 1, 2018, Vegegreen Inc. entered into a forward contract to purchase U.S. $6,000 for $6,336 Canadian in 30 days. On January 20, the fair value of the contract was $60 (reflecting the present value of the future cash flows under the contract). Assume that the company would like to update its records on January 20.

Question (a) what are the journal entries on January 1 and 20, 2018.

Question (b) which financial risks the transaction exposes the entity to and why.

Reference no: EM132547987

Questions Cloud

Er for translation : Ultimately, what about a polypeptide would cause it to be directed to the ER for translation?
Functionless dynamin protein : Describe what you think would happen, at the molecular level, if an organism had a mutation in its dynamin gene
Calculate the factory overhead production volume variance : Calculate The factory overhead production volume variance, The total factory overhead spending variance and The variable overhead spending variance
Different objectives of the 3 pieces of writing : 1. Which article seems to be the most scientific and which is the least scientific? Explain your answer.
What are the journal entries on january : On January 1, 2018, What are the journal entries on January 1 and 20, 2018. Which financial risks the transaction exposes the entity to and why.
Determine the rate of erosion : What are three factors that determine the rate of erosion? What are three ways that farmers can reduce the rate of erosion?
Estimate the impact on the environment : Using specific examples, how does the IPAT formula estimate the impact on the environment.
What does carrying capacity mean : What does carrying capacity mean? Using a specific example, describe the significance of carrying capacity
Determine the total maintenance costs : Sherman Corporation distributes service department overhead costs based on the algebraic method. What would be the formula to determine total maintenance costs.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Calculate the amount of income from the partnership

Quince Interest is a partnership with a tax year that ends on September 30, 2013. During that year, Potter a partner received $3,000 per month as a guaranteed payment, and his share of partnership income after guaranteed payments was $23,000.

  Problems1 seattle health plans currently uses zero-debt

problems1. seattle health plans currently uses zero-debt financing. its operating income ebit is 1 million and it pays

  Prepare a customer profitability analysis

Omega Printers Ltd handles printing jobs. Joe Patterson, finds that serving some clients is more demanding than serving others.

  Compute the budgeted costs for the richardson and punch jobs

Compute the budgeted costs for the Richardson and Punch jobs, given the following information

  Classify the costs as either variable or fixed

In respect of Abel furniture manufacturing facility, identify costs that would be classified as a) variable and b) fixed from the list below. Classify the costs listed below as either Variable or Fixed and give reasons for your choice.

  Prepare a brief for kudler fine foods management

Prepare a brief for Kudler Fine Foods management and evaluate the design elements of the data tables from an accounting perspective.

  Calculate the total direct labor cost in department

Calculate the total direct labor cost in Department A. Calculate the direct labor wage rate in Department B, 2. Compute the rate to be used in each department for applying overhead in both departments

  Components of full costs

Compute product costs per unit and period costs for the period - Components of Full Costs

  Evaluate bodily income tax payable for 2013

Bodily had an unused $120,000 net operating loss carry forward from 2011 when the tax rate was 40%. Evaluate bodily's income tax payable for 2013

  Compute amount of overhead allocated to advertising campaign

Compute the amount of overhead allocated to small and large advertising campaigns under existing methods.

  Calculate the depreciable cost of the equipment

Calculate the depreciable cost of the equipment and determine the straight line depreciation expense for the fourth year.

  A business paid 100 to cash to karen smith the owner of the

a business paid 100 to cash to karen smith the owner of the business for her personal use. set up the required t

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