er ill $-$ Assignment C $C$

Sved

Required information

IThe following information applies to the questions displayed below$]$

Jon$-$Jan Restaurants purchased green rice, a special varlety of rice, from China for $100,000$ renminbi on November $1,20$X$8.$ Payment is due on January $30.209.$ On November $1,208,$ the company also entered into a $90-$day forward contract to purchase $100,000$ renminbl. The forward contract is not designated as a hedge. The rates were as follows:

The entry on November $1,20\backslash$times $8,$ to record the forward contract includes a:

$$ debit to Foreign Currency Recelvable from Exchange Broker, $100,000$ renminbl.

debit to Foreign Currency Recelvabld from Exchange Broker, $$12,600.$

credit to Premium on Forward Contract, $$600.$

credit to Dollars Payable to Exchange Broker, $$12,600.$

Proy $$ of $6$

Next$1$

Aequired information

$($The following information applies to the questions disployed below$]$

Jon$-$lan$-$Restaurants purchased green rice, a special variety of rice, from China for $100,000$ renminbl on November $1,208.$ Payment is due on January $30,209.$ On November $1,208,$ the company also entered into a $90-$day forward contract to purchase $100,000$ renminbl. The forward contract is not designated as a hedge. The rates were as follows:

$\backslash$table$[[$Date$,500$t Rat,rorward Rate$],[$Novenber $1,2$e$0\mathrm{.}8,50\mathrm{.}120,$$ $8\mathrm{.}126(90$ days$)],[$Decenber $31,2$exs,e$.124,8\mathrm{.}129(30$ days$)],[$January $30,2$ex$9,8.127,]]$

Required:

Select the correct answer for each of the following questions.

$2.$ The entries on December $31,20\backslash$times $8,$ include a:

Debit to Financial Expense, $$300$

Credit to Foreign Currency Payable to Exchange Broker, $$300.$

Debit to Foreign Currency Receivable from Exchange Broker, $$300.$

Debit to Foreign Currency Receivable from Exchange Broker, $$12\mathrm{.}600.$apter $11-$ Assignment C

Help

Saves E$-$H

Submit

$1$

Required information

IThe following information applies to the questions displayed below$)$

Jon$-$Jan Restaurants purchased green rice, a special variety of rice, from China for $100,000$ renminbl on November $1,208.$ Payment is due on Jemuary $30,209.$ On November $1,20\backslash$times $8,$ the company also entered into a $90-$day forward contract to purchase $100,000$ renminbl. The forward contract is not designated as a hedge. The rates were as follows:

$\backslash$table$[[$Date$,$Spot Rate,Fonward Rate$],[$Novenber $1,20$x$8,$$ $0\mathrm{.}120,$$$,0\mathrm{.}126,(90$ days$)],[$Decenber $31,20$x$8,0\mathrm{.}124,,$e$.129,(30$ days$)],[$January $30,20$x$9,0\mathrm{.}127,,,],[$Required:$,,,,],[$Select the correct anst questions.,each of the,,wing,$]]$

The entries on January $30,209,$ include a:

debit to Dollars Payable to Exchange Broker, $$12,000.$

credit to Cash, $$12,600.$

credit to Premium on Forward Contract, $$600.$

credit to Foreign Currency Recelvable from Exchange Broker, $$12,600.$

Prev

of $6$

Next$1$

Required information

$[$The following information applies to the questions displayed below.$]$

Jon$-$Jan Restaurants purchased green rice, a special variety of rice, from China for $100,000$ renminbi on November $1,208.$ Payment is due on January $30,20\backslash$times $9.$ On November $1,20\backslash$times $8,$ the company also entered into a $90-$day forward contract to purchase $100,000$ renminbl. The forward contract is not designated as a hedge. The rates were as follows:

$\backslash$table$[[$Date$,$Spot Rate,Forward Rate$],[$November $1,2008,$$$0\mathrm{.}120,$$$0\mathrm{.}126(90$ days$)],[$December $31,2$ex$8,0\mathrm{.}124,0\mathrm{.}129(30$ days$)],[$January $30,20\backslash$times $9,0\mathrm{.}127,]]$

Required:

Select the correct answer for each of the following questions.

$4.$ The entries on January $30,209,$ include a:

debit to Financial Expense, $$400.$

debit to Dollars Payable to Exchange Broker, $$12,600.$

credit to Foreign Currency Units $($renminbi$),$ $$12,600.$

debit to Foreign Currency Payable to Exchange Broker, $$12,700\mathrm{.}1$

Pequired information

$($The following information apples to the questions displayed beiow.

Jon$-$Jan Restaurants purchased green rice, a special variety of rice, from China for $100,000$ renminbi on November $1,208.$ Payment is due on January $30,20\backslash$times $9.$ On November $1,20$X$8,$ the company also entered into a $90-$day forward contract to purchase $100,000$ renminbl. The forward contract is not designated as a hedge. The rates were as follows:

$\backslash$table$[[$Date Novenber $1,$