Refer to Instruction 10.1. CVT chooses to hedge its transaction exposure in the forward market at the available forward rate. The required amount in dollars to pay off the accounts payable in 6 months will be:
A) $3,000,000.
B) $3,660,000.
C) $3,750,000.
D) $3,810,000.
Answer: B
You might also like to view...
The U.S. Small Business Administration suggests that businesses take specific actions to prepare for potential disaster situations.
Answer the following statement true (T) or false (F)
Assume the indirect method is used to compute net cash flows from operating activities. For this item extracted from the financial statements—Interest Expense (assume that cash payments are equal to amount reported)—indicate the effect on net income in arriving at net cash flows from operating activities by choosing one of the following:
a. Add to net income to arrive at net cash flows from operating activities b. Subtract from net income to arrive at net cash flows from operating activities c. Not used to adjust net income to calculate net cash flows from operating activities
Consider the following constraint: X1 ? 40. This implies that at most 40 units of product X1 can be produced
Indicate whether the statement is true or false
Lagle Corporation has provided the following information: Cost per Unit Cost per PeriodDirect materials$4.85 Direct labor$3.35 Variable manufacturing overhead$1.35 Fixed manufacturing overhead $8,000Sales commissions$1.50 Variable administrative expense$0.45 Fixed selling and administrative expense $4,400 For financial reporting purposes, the total amount of period costs incurred to sell 4,000 units is closest to:
A. $8,100 B. $4,400 C. $7,800 D. $12,200