ABC Co$.$ is a Canadian company exporting aluminum parts to the USA.

USA sales constitutes $85\%$ of ABC Co's of total sales and all sales are in US dollars.

Even though US dollar value is not too volatile but the fluctuations in the rate still poses risk which needs to be addressed.

Following is the FX position of ABC Co$.$

Foreign Exchange Position in USD

Accounts Receivables $122,500$

Expected Sales $473,000$

Firm Orders $-$ Purchases $195,750$

Cash $75,250$

Other Expected Receipts $345,700$

Other Confirmed Disbursments $199,750$

FX Forward Contracts Used to Sell US Dollars $450,000$

Expected purchases $179,500$

Accounts Payables $135,600$

FX Forward Contracts Used to Buy US Dollars $200,000$

Firm Orders $-$ Sales $705,450$

Other Expected Disbursments $69,750$

Net Foreign Exchange Position

Required:

$1.$ From the table above identify items that belong to Firm's FX position as follow:

Confirmed exposure

Unconfirmed exposure

Foreign Exchange Contracts