Question: Hello! Can someone help me answer this? The answer is 29,221 but i have no idea what the solution/how we got that number. Thank you

Hello! Can someone help me answer this? The answer is 29,221 but i have no idea what the solution/how we got that number. Thank you in advance!

22: On September 1, 20x8, Ramus Company purchased machine parts from Jacky Chan Company for 6,000,000 Hong Kong dollars to be paid on January 1, 20x9. The exchange rate on September 1 is HK $7.7 = P1. On the same date, Ramus enters into a forward contract and agrees to purchase HS $6,000,000 on January 1, 20x9, at the rate of HK $7.7 = P1. On December 31, 20x8 and on January 1, 20x9, the exchange rate is HK $8.0 = P1. What is the fair value of the forward contract on December 31, 20x8? b . 750,000 29,221 779,221

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

This text was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License without attribution as requested by the work's original creator or licensee. 1...

Compile the Facts into a summary using ALWD. 1) How do you cite to Paxton's understanding that he had to tell the truth at his deposition? a) Ex. A Paxton Deposition 2:21 to 2:23 b) Ex. A, Paxton...

hi expert help me answer section 2 thank you MARKS & SPENCER PLC MARKS ASPEKCE in Bribes te www werofsbel Mare Afe Melle Magd Can be the Sy deling was Comment Introduction Marks & Spencer Plc (from...

1-Please provide 5 cross-examination questions for: Chris Moss Dr. Gerry Stein Sydney Payne Terry Preece Leslie Brown Alex Lloyd 2-Explain why/how/if you would use exhibits A, B, C, and D. 3-What...

Hello, I need help with with Return of the Tallahassee Beancounters Case (the 2010 version). The solution and teachers handouts for the 2003 version have already been made available, however it's...

3 COLLEGE ALGEBRA - TRIGONOMETRY Business and Finance (MAT115) This course will start with a review of basic algebra (factoring, solving linear equations, and equalities, etc.) and proceed to a study...

Case Study: please someone should help me answer my case study assignment. thank you 1. What do you do when one of your small competitors pulls out its big gun? 2. "Do you really think people will...

hello! Is anyone can answer my question? Please Answer it. Thank you The question is on the last picture. hello! Hoping someone can answer my question. If you can help me just the posting in the...

D) Consider the function y=x6-2. Do the following steps: 1) Find the tangent line at x=1 2) Find the x-intercept of the tangent line in part (A), to be called X 3) Find the tangent line (#2) at x, to...

Synthesize the products by drawing out reagents and intermediates along the way. `N H. OH HO HO

EX 2 - 3 : A customer applied for a short - term loan at HSBC with the following business plan: \ ( + \ quad \ ) Selling price per unit: \ ( \ $ 0 . 3 \ ) \ ( + \ quad \ ) Variable cost per unit: \ (...

Problem 6-2A (Video) (Part Level Submission) Lorge Corporation has collected the following information after its first year of sales. Sales were $2,500,000 on 100,000 units; selling expenses $250,000...