Vino veritas company, a u. s.-based importer of wines and spirits, placed an order with a french supplier for 1,500 cases of wine at a price of 260 euros per case. the total purchase price is 390,000 euros. relevant exchange rates for the euro are as follows: vino veritas company, a u. s.–based importer of wines and spirits, placed an order with a french supplier for 1,400 cases of wine at a price of 250 euros per case. the total purchase price is 350,000 euros. relevant exchange rates for the euro are as follows: date spot rate forward rate call option premium september 15, 2015 $ 1.25 $ 1.31 $ 0.060 september 30, 2013 1.30 1.34 0.095 october 31, 2015 1.35 1.35 0.100 vino veritas company has an incremental borrowing rate of 12 percent (1 percent per month) and closes the books and prepares financial statements at september 30.assume that the wine arrived on september 15, 2015, and the company made payment on october 31, 2015. on september 15, vino veritas entered into a 45-day forward contract to purchase 350,000 euros. it properly designated the forward contract as a fair value hedge of a foreign currency payable. prepare journal entries to account for the import purchase and foreign currency forward contract. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. round your present value interest factor to four decimal places. round your answers to 2 decimal places.)

Afirm that makes electronic circuits has been ordering a certain raw material 250 ounces at a time. the firm estimates that carrying cost is i = 30% per year, and that ordering cost is about $20 per order. the current price of the ingredient is $200 per ounce. the assumptions of the basic eoq model are thought to apply. for what value of annual demand is their action optimal?

Assume that all of thurmond company’s sales are credit sales. it has been the practice of thurmond company to provide for uncollectible accounts expense at the rate of one-half of one percent of net credit sales. for the year 20x1 the company had net credit sales of $2,021,000 and the allowance for doubtful accounts account had a credit balance, before adjustments, of $630 as of december 31, 20x1. during 20x2, the following selected transactions occurred: jan. 20 the account of h. scott, a deceased customer who owed $325, was determined to be uncollectible and was therefore written off. mar. 16 informed that a. nettles, a customer, had been declared bankrupt. his account for $898 was written off. apr. 23 the $906 account of j. kenney & sons was written off as uncollectible. aug. 3 wrote off as uncollectible the $750 account of clarke company. oct. 20 wrote off as uncollectible the $1,130 account of g. michael associates. oct. 27 received a check for $325 from the estate of h. scott. this amount had been written off on january 20 of the current year. dec. 20 cater company paid $7,000 of the $7,500 it owed thurmond company. since cater company was going out of business, the $500 balance it still owed was deemed uncollectible and written off. required: prepare journal entries for the december 31, 20x1, and the seven 20x2 transactions on the work sheets provided at the back of this unit. then answer questions 8 and 9 on the answer sheet. t-accounts are also provided for your use in answering these questions. 8. which one of the following entries should have been made on december 31, 20x1?

Question 55 ted, a supervisor for jack's pool supplies, was accused of stealing pool supplies and selling them to friends and relatives at reduced prices. given ted's earlier track record, he was not fired immediately. the authorities decided to give him an administrative leave, without pay, until the investigation was complete. in view of the given information, it would be most appropriate to say that ted was: demoted. discharged. suspended. dismissed.