Mercury Co has a subsidiary based in Italy and is exposed to translation exposure. Mercury forecasts that its earnings next year will be €10 million. Mercury decides to hedge the expected earnings by selling €10 million forward. During the next year, the euro appreciated. Mercury's consolidated earnings were ____ affected by the euro's movement, and Mercury's hedge position was ____ affected

by the euro's movement.
a. favorably; favorably
b. favorably; adversely
c. adversely; favorably
d. adversely; adversely


b

Business

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Worldwide, the popularity of direct marketing has been steadily decreasing in recent years

Indicate whether the statement is true or false

Business

Which of the following statements is not true regarding enterprise resource planning (ERP)?

A) It integrates traditional accounting information systems with other information systems. B) It can be customized to provide specific and relevant information to different types of users. C) It has evolved in the past few years to address the shortcomings of traditional accounting information systems. D) It captures quantitative but not qualitative information.

Business

The ________ Act of 2010 is a federal statute that requires increased disclosure of credit information and terms to consumers and regulates consumer credit providers and others

A) Fair Credit Billing B) Consumer Leasing C) Mortgage Reform and Anti-Predatory Lending D) Consumer Financial Protection

Business

Lake Erie Company uses a plantwide overhead rate with machine hours as the allocation base. Next year, 600,000 units are expected to be produced taking 0.75 machine hours each. How much overhead will be assigned to each unit produced given the following estimated amounts?Estimated:Department 1Department 2Manufacturing overhead costs$3,107,500 $1,520,000 Direct labor hours 150,000DLH 250,000DLHMachine hours 250,000MH 175,000MH

A. $5.61 per unit B. $11.57 per unit C. $12.43 per unit D. $10.89 per unit E. $8.17 per unit

Business