Question: Here is the problem... how do we solve the case using 2017 data instead of 2012? Portofino Company Portofino Company made purchases on account from

Here is the problem... how do we solve the case using 2017 data instead of 2012?

Here is the problem... how do we solve the case using 2017

Portofino Company Portofino Company made purchases on account from three foreign December 15, 2012, with payment made on January 15, 2013. Inform to these purchases is as follows: ree foreign suppliers on Location So Paulo, Brazil Guatemala City, Guatemala Guadalajara, Mexico Invoice Price 65,000 Brazilian reals 250,000 Guatemalan quetzas 400,000 Mexican pesos Supplier Beija Flor Ltda. Quetzala SA Mariposa SA de CV Portofino Company's fiscal year ends December 31. Required 1. Use historical exchange rate information available on the Internet a www.oanda.com to find interbank exchange rates between the U.S. dollr and each foreign currency for the period December 15, 2012, to January 15,2013 2. Determine the foreign exchange gains and losses that Portofino would have recognized in net income in 2012 and 2013, and the overall foreign exchange gain or loss for each transaction. Determine for which transaction it would have been most important for Portofino to hedge its foreign exchange risk 3. Portofino could have acquired a one-month call option on December l5,a to hedge the foreign exchange risk associated with each of the three import pu chases. In each case, the option would have had an exercise price equal to rate at December 15, 2012, and would have cost $200. Determine for whidn if any, Portofino would have recognized a net gain on the foreign cu which hed reign currency option Portofino Company Portofino Company made purchases on account from three foreign December 15, 2012, with payment made on January 15, 2013. Inform to these purchases is as follows: ree foreign suppliers on Location So Paulo, Brazil Guatemala City, Guatemala Guadalajara, Mexico Invoice Price 65,000 Brazilian reals 250,000 Guatemalan quetzas 400,000 Mexican pesos Supplier Beija Flor Ltda. Quetzala SA Mariposa SA de CV Portofino Company's fiscal year ends December 31. Required 1. Use historical exchange rate information available on the Internet a www.oanda.com to find interbank exchange rates between the U.S. dollr and each foreign currency for the period December 15, 2012, to January 15,2013 2. Determine the foreign exchange gains and losses that Portofino would have recognized in net income in 2012 and 2013, and the overall foreign exchange gain or loss for each transaction. Determine for which transaction it would have been most important for Portofino to hedge its foreign exchange risk 3. Portofino could have acquired a one-month call option on December l5,a to hedge the foreign exchange risk associated with each of the three import pu chases. In each case, the option would have had an exercise price equal to rate at December 15, 2012, and would have cost $200. Determine for whidn if any, Portofino would have recognized a net gain on the foreign cu which hed reign currency option

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