Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events
Indicate whether the statement is true or false
T
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On December 1, 20X8, Hedge Company entered into a 60-day speculative forward contract to sell 200,000 British pounds (£) at a forward rate of £1 = $1.78. On the same day it purchased a 60-day speculative forward contract to buy 100,000 euros (€) at a forward rate of €1 = $1.42.The rates are as follows: Forward Rate for Forward Rate forDateSpot Rate Feb 1 Spot Rate Feb 1December 1, 20X8£1=$1.76 $1.78 €1=$1.40 $1.42 December 31, 20X8£1= 1.73 1.74 €1= 1.38 1.40 February 1, 20X9£1= 1.75 €1= 1.41 Hedge had no other speculation transactions in 20X8 and 20X9. Ignore taxes.Based on the preceding information, what is the net gain or loss on the euro speculative contract?
A. $6,000 gain B. $3,000 loss C. $8,000 gain D. $1,000 loss
The owner of the policy in a life insurance without exception is the ________
A) insurance company that issues the policy B) person who pays the premiums C) next of kin of the insured person D) person who receives the insurance proceeds
Discuss the four different elements of the definition of a business report
A maximization objective function could be used by the modeler in any of the following situations except:
a. When trying to optimize profit. b. When trying to reach production levels. c. When trying to improve customer satisfaction. d. When trying to optimize cost.