Harrison Inc has imported goods for $750000, The amount is payable after 3 months , it has

Fantastic news! We've Found the answer you've been seeking!

Question:

Harrison Inc has imported goods for $750000, The amount is payable after 3 months , it has also exported goods of $650000 and it is receivable in 4 months, for receivable amount a forward contract is already taken at $48.9

The market rate for $ are as follows

Spot 48.5/70

2 months 25/30 points

3 months 40/45 points

Calculate cover to be taken for payables in the forward market?

Related Book For answer-question

Financial Accounting

ISBN: 9781743767382

9th Edition

Authors: Craig Deegan

See More Books

Posted Date: Apr 17, 2024 05:56 AM

See More Questions

This assignment requires you to complete the 2022 tax reporting for a fictional woman named Anna Smith. Question 1 T1 - step 4 - line 66 This is Anna's taxable income Answer: Question 2 T1 - step...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
Look at the expansion joint in the photo of Figure 15.13. Would you say the photo was taken on a warm day or a cold day? Why?
Find the left-hand and right-hand estimates for the definite integrals of the following function. f(t) = 2t, limits of integration 0 to 1, n = 5.
1. Consider a fixed rate or constant payment (FRM or CPM) mortgage loan that carries a mortgage interest rate of 6.5%. What is the effective annual rate (EAR)? What is the equivalent monthly rate...
Why is dynamic modeling based on objects, but not classes?
A particle of mass m can slide freely along a wire AB whose perpendicular distance to the origin O is h. The line OC rotates about the origin at a constant angular velocity θ = w. The position...
Write a speech on this Thesis. Eating organic foods can have numerous benefits for our health, environment, and economy, and it should be an essential part of our daily diet. Describe in 350 words
During the year, Luther Company had net credit sales of $42,000. At the end of the year, before adjusting entries, the balance in Accounts Receivable was $13,500 (debit) and the balance in Allowance...
Do you believe that the "ruling class" (decide for yourselves who these people may be) unfairly pass laws favorable to themselves and detrimental to the rest of us? If they do, what can we do about...
Which type of preliminary estimate would be the best in each of the following situations, and why did you choose it? a. Decide whether it is feasible to proceed with constructing a new small office...
If you were a local elected official and could choose whether to fund a community court, a homeless court, a mental health court, veterans court, or a reentry court, which would you choose? Why?
In this zone, we critically evaluate the shadow side of organisations and examine whether the covert, informal aspects of organisational behaviour enable or hinder the completion of day-to-day...
Why did arrests for domestic violence increase following the implementation of the Lexington County (South Carolina) Domestic Violence Court?
Write a brief essay on Alan Turing.
APC16550D UART has a clock running at18.432 MHz and its baud rate is set to 2000.Determine the HEX contents of its DLM and DLL registers. Please can you explain step by step and in detail how you get...
WorldCom overstated its earnings by improper accounting for multiple element contracts. True/False
If the notes to the financial statements indicate that a company is capitalizing costs that other companies in the same industry recognize as expenses, it is a signal that the company is capitalizing...
If a company overstates merger reserves at the time of acquiring another company, it can release the surplus reserves into earnings in a later period without decreasing net income at the time of the...

Harrison Inc has imported goods for $750000, The amount is payable after 3 months , it has

Question:

Expert Answer:

To calculate the cover to be taken for the payables in the forward market we need to fin... View the full answer

Financial Accounting

Students also viewed these finance questions