Company sells parts to a foreign customer on december 1, 2017, with payment of 16,000 korunas to be received on march 1, 2018. brandon enters into a forward contract on december 1, 2017, to sell 16,000 korunas on march 1, 2018. relevant direct exchange rates for the koruna (czk) on various dates are as follows: spot rate forward rate date [usd/czk] [to mar. 1, 2018] december 1, 2017 2.700 2.775 december 31, 2017 2.800 2.900 march 1, 2018 2.950 2.950 brandon must close its books and prepare financial statements at december 31. brandon designates the forward contract as a cash flow hedge of a foreign currency receivable. any premium or discount is amortized using the straight-line method.

Excellent inc. had a per-unit conversion cost of $3.00 during april and incurred direct materials cost of $112,000, direct labor costs of $84,000, and manufacturing overhead costs of $50,400 during the month. how many units did it manufacture during the month? a. 18,000 b. 44,800 c. 70,000 d. 30,000

Suppose that hubert, an economist from an am talk radio program, and kate, an economist from a nonprofit organization on the west coast, are arguing over government bailouts. the following dialogue shows an excerpt from their debate: kate: to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. hubert: indeed, it’s gotten crazy! a government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. kate: i don’t know about that. without a bailout of severely distressed financial firms, the economy will experience a deep recession. the disagreement between these economists is most likely due todifferences in scientific judgments . despite their differences, with which proposition are two economists chosen at random most likely to agree? business managers can raise profit more easily by reducing costs than by raising revenue. central banks should focus more on maintaining low unemployment than on maintaining low inflation. employers should not be restricted from outsourcing work to foreign nations

Allie and sarah decided that they want to purchase renters insurance for the apartment they share. they made a list of all of the items to be covered by the insurance policy, along with their estimated values. if the items to be covered total more than $3000, the insurance company charges an annual premium of 23% of the total value of the items. if the items to be covered total $3000 or less, the insurance company charges an annual premium of 20% of the total value of the items.