In a present value or future value table, the length of one time period may be interpreted as one year, one month, or any other length of time.
Answer the following statement true (T) or false (F)
True
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Which source of buying information is trusted by 36 percent of consumers?
A. ads on radio B. ads in magazines C. text ads on mobile phones D. branded websites E. TV program product placements
Spartan Company purchased interior decoration material from Egypt for 100,000 Egyptian pounds on September 5, 20X8, with payment due on December 2, 20X8. Additionally, on September 5, Spartan acquired a 90-day forward contract to purchase 100,000 Egyptian pounds of E£ = $.1850. The forward contract was acquired to manage the exposed net liability position in Egyptian pounds, but it was not designated as a hedge. The spot rates were: September 5, 20X8E£1 =$0.1835 December 2, 20X8E£1 =$0.1865 Based on the preceding information, in the entry made on December 2nd to revalue foreign currency receivable to current equivalent U.S. dollar value,
A. Foreign Currency Transaction Gain will be credited for $150. B. Other Comprehensive Income will be credited for $300. C. Accounts Payable will be debited for $18,350. D. Foreign Currency Units will be debited for $18,500.
If, before the time for performance, a buyer communicates an intent not to perform, the seller can consider the buyer in breach and pursue a remedy
Indicate whether the statement is true or false
To hedge a bond portfolio against rising interest rates, an investor should
A) sell interest rate futures. B) buy a stock-index future. C) buy Treasury Notes. D) buy interest rate futures.