User Account

All Pages

What is the forex gain

Assignment Help Financial Accounting
Reference no: EM132869407

Question - Boss Jhong, a money changer speculate in foreign currency as his business. On October 1, 2019, Boss Jhong bought a 180-day forward contract to purchase 5,000 US Dollar at a forward rate of $1 = 56.50 when the spot rate was 56.00. Other exchange rates were as follows:

Fair Value of Options Spot Rate Forward Rate

For March 31, 2020

December 31, 2019 56.30 56.60

March 31, 2020 56.32

Required - What is the forex gain (loss) to be recognize by Boss Jhong from this forward contract?

Reference no: EM132869407

Questions Cloud

What was the value of the interest tax shield : What was the value of the interest tax shield? Brick House Cafe has a tax rate of 39 percent and paid total taxes of $46,100. The company had interest expense.
Significant source of the value proposition : Human capital forms a significant source of the value proposition in which of the following?
What is the price of a ten year bond : What is the price of a 10 year bond (annual payments) with a coupon rate of 7% if the market rates are 8%? Is the bond selling at a premium or discount
Forecasting and capacity planning : Why is the business location important? Explain why Forecasting and Capacity Planning are essential in all businesses.
What is the forex gain : Boss Jhong, a money changer speculate in foreign currency as his business. What is the forex gain (loss) to be recognize by Boss Jhong
Explain statistical quality control : Based on your research, explain Statistical Quality Control (SQC). Explain Just-in-Time and LEAN Systems in an organization
Why the facility layout and the work system design : Explain why the Facility Layout and the Work System Design is important? How does it impact the business and workforce?
What amount of liability for compensated absences is sparky : Sparky Corporation has an employee benefit, In December 31, 2020 balance sheet, what amount of liability for compensated absences is Sparky required to report?
What is the price to receive a margin call : Suppose the current stock price is $40/share, Initial Margin = 50%, Maintenance Margin is 30%. What is the price to receive a margin call

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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