Parent has issued a purchase order for inventory from Canada on Jan 02 20xx for delivery...
Parent has issued a purchase order for inventory from Canada on Jan 02 20xx for delivery in 90 days. The exchange rate on Jan 02, 20xx was $US1.00 to CAN$$ 1.00. The forward exchange rate is $US1.10 to CAN$$1.00 in 90 days..
What might be the hedge you would recommend? I do not want to pay more than the Exchange rate at 01. 02, 20xx?
Homework Answers
Answer:
Hedge : Purchase a Doller 2 jan 2020 at $US1.00 and sales after 90 Dayes .
Parent has issued a purchase order for inventory from Canada on Jan 02 20xx for delivery in 90 days. The exchange rate on Jan 02, 20xx was $US1.00 to CAN$$ 1.00. The forward exchange rate is $US1.10 to CAN$$1.00 in 90 days..
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Parent has issued a purchase order for inventory from Canada on
Jan 02 20xx for delivery...
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Journal Entries
4.WWC paid Federal Express $360 to have the 180 units of
inventory delivered overnight. Delivery occurred on 02/06.
6.Record the cost of goods sold for 150 units.
8.Record the cost of goods sold for 25 units.
9.Record the 20 units of inventory returned
10.Record the sales return and allowance.
12.Paid in full the amount owed for the 2/05 purchase of
inventory. WWC records purchase discounts in the current period
rather than as a reduction of inventory costs.
13.Wrote...
Estimate purchases in 1996. (Hint: Cost of goods equals
purchases plus beginning inventory minus ending
inventory.)
Use the percent of sales method to estimate funds needed
in 1996 using the 1995 percentages.
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