{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T03:38:25-04:00", "answer_date": "2024-06-28 03:38:25", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4231941", "url": "\/study-help\/questions\/advanced-accounting-ii-i-need-each-sheet-to-be-answered-4231941", "question_creation_date_js": "2024-06-28T03:38:25-04:00", "question_creation_date": "Jun 28, 2024 03:38 AM", "meta_title": "[Solved] Advanced Accounting II I need each sheet | SolutionInn", "meta_description": "Answer of - Advanced Accounting II I need each sheet to be answered ( 4 worksheet in total) , the hedge i chose is cash flow, so y | SolutionInn", "meta_keywords": "advanced,accounting,ii,sheet,answered,4,worksheet,total,hedge,chose,cash,flow", "question_title_h1": "Advanced Accounting II I need each sheet to be answered ( 4 worksheet in total) , the hedge i chose is cash flow, so you", "question_title": "Advanced Accounting II I need each sheet to be answered ( 4", "question_title_for_js_snippet": "Advanced Accounting II I need each sheet to be answered ( 4 worksheet in total) , the hedge i chose is cash flow, so you need to go with that please show calculations as well ( also the entries too) each part is important there are 2 other questions same as this one from different users here, but do not use them i went through some of them and are wrong so please do it yourself I need this in 1 2 days don't do just 1 part Spot Rate Forward Rate 11 1 2013 $1 20 $1 23 12 31 2013 $1 25 $1 26 1 31 2014 $1 30 $1 30 HedgeCo is interested in purchasing 1,000 of Product Z from OverSeas Inc HedgeCo is very concerned about two issues 1) that the price of Product Z will change and 2) the exchange rate will make an unfavorable change before the purchase takes place Select a hedge and explain your selection Use the exchange rates above to make your journal entry Select appropriate account names for your journal entry Hedge Type Reasoning for Selection Cash Flow Hedge Cash flow hedges are instruments that hedge the variability of anticipated future foreign cash flows from a highly probable forecasted transaction, firm commitments, recorded assets, and liabilities For example, the forex hedge's change in value will offset the change in value of a signed foreign sales contract when that contract is delivered in the future Journal Entry Account Name DR CR Decscribe Financial Statement Effect of each account movement To record purchase and A P of 1000 Z at spot rate 1200 Inventory A P Foreign Exchange Loss 1200 To adjust value for spot of $1 25 50 A P 50 Instructions Perform all quantitative tests for segment reportability Show all calculatons within the cells of this worksheet (no hard coding) Make sure that you properly label each test HedgeCo Segment Data Income By Segment Revenues Sales External Sales Internal Interest Income Total Revenues Expenses Cost of Sales Marketing Interest Expense Total Expenses Segment Profit Assets 1 2 3 4 5 6 Totals $102,787 $37,904 $2,704 $143,395 $278,544 $30,037 $3,982 $312,563 $471,573 $79,406 $1,763 $552,742 $298,972 $47,717 $3,458 $350,147 $501,236 $22,498 $4,411 $528,145 $66,447 $54,140 $3,655 $124,242 $1,719,559 $271,702 $19,973 $2,011,234 $3,798 $6,533 $1,489 $11,820 $131,575 $205,574 $2,193 $3,208 $1,143 $6,544 $306,019 $557,088 $6,250 $12,900 $3,323 $22,473 $530,269 $471,573 $3,501 $3,755 $1,984 $9,240 $340,907 $298,972 $1,606 $2,788 $694 $5,088 $523,057 $1,002,472 $7,055 $5,322 $2,256 $14,633 $109,609 $66,447 $24,403 $34,506 $10,889 $69,798 $1,941,436 $2,602,126 Instructions You are to prepare a list of the type of information that should appear in an interim report for HedgeCo as of 11 1 2013 I strongly suggest that you use FASB 131 as a primary source The list should be prioritized by reasoning that is driven primarily by case facts The assumptions should appear lower in the list Type I Data Item Reasoning for selection (even if it is an assumption) 1 2 3 4 5 6 7 8 9 10 Type II Data Item Reasoning for selection (even if it is an assumption) 1 2 3 4 5 6 7 8 9 10 Type III Data 1 2 3 4 5 6 7 8 9 10 Item Reasoning for selection (even if it is an assumption) Instructions One of HedgeCo's subsidiaries operates in a foreign country The financial statements must be translated into U S dollars for financial reporting purposes This entity has operations that are largely independent of HedgeCo (parent) Using the appropriate method, translate the financial statements into U S dollars Current Exchange Rates Historical Rates (Equity) Average Rate BALANCE SHEET 12 31 2013 Assets Cash Accounts Receivable Land Building (net) Accumulated Depreciation Total Assets 1 50 0 75 1 10 FC 6000 00 2000 00 10200 00 30000 00 30000 00 18200 00 Liabilities Accounts Payable Mortgage Payable 100 00 10000 00 Equity Common Stock Retained Earnings 100 00 8000 00 Total Liabilities Equity INCOME STATEMENT Revenues Operating Expenses (net depreciation) Depreciation Net Income 18200 00 50000 00 25000 00 5000 00 20000 00", "question_description": "

Advanced Accounting II<\/p>

I need each sheet to be answered ( 4 worksheet in total) , the hedge i chose is cash flow, so you need to go with that! please show calculations as well!( also the entries too) each part is important! there are 2 other questions same as this one from different users here, but do not use them! i went through some of them and are wrong! so please do it yourself! I need this in 1-2 days! don't do just 1 part! <\/p>\"image Spot Rate Forward Rate 11\/1\/2013 $1.20 $1.23 12\/31\/2013 $1.25 $1.26 1\/31\/2014 $1.30 $1.30 HedgeCo is interested in purchasing 1,000 of Product Z from OverSeas Inc. HedgeCo is very concerned about two issues: 1) that the price of Product Z will change and 2) the exchange rate will make an unfavorable change before the purchase takes place. Select a hedge and explain your selection. Use the exchange rates above to make your journal entry. Select appropriate account names for your journal entry. Hedge Type Reasoning for Selection Cash Flow Hedge Cash flow hedges are instruments that hedge the variability of anticipated future foreign cash flows from a highly probable forecasted transaction, firm commitments, recorded assets, and liabilities. For example, the forex hedge's change in value will offset the change in value of a signed foreign sales contract when that contract is delivered in the future. Journal Entry Account Name DR CR Decscribe Financial Statement Effect of each account movement To record purchase and A\/P of 1000 Z at spot rate 1200 Inventory A\/P Foreign Exchange Loss 1200 To adjust value for spot of $1.25 50 A\/P 50 Instructions: Perform all quantitative tests for segment reportability. Show all calculatons within the cells of this worksheet (no hard coding). Make sure that you properly label each test. HedgeCo Segment Data Income By Segment Revenues Sales-External Sales-Internal Interest Income Total Revenues Expenses Cost of Sales Marketing Interest Expense Total Expenses Segment Profit Assets 1 2 3 4 5 6 Totals $102,787 $37,904 $2,704 $143,395 $278,544 $30,037 $3,982 $312,563 $471,573 $79,406 $1,763 $552,742 $298,972 $47,717 $3,458 $350,147 $501,236 $22,498 $4,411 $528,145 $66,447 $54,140 $3,655 $124,242 $1,719,559 $271,702 $19,973 $2,011,234 $3,798 $6,533 $1,489 $11,820 $131,575 $205,574 $2,193 $3,208 $1,143 $6,544 $306,019 $557,088 $6,250 $12,900 $3,323 $22,473 $530,269 $471,573 $3,501 $3,755 $1,984 $9,240 $340,907 $298,972 $1,606 $2,788 $694 $5,088 $523,057 $1,002,472 $7,055 $5,322 $2,256 $14,633 $109,609 $66,447 $24,403 $34,506 $10,889 $69,798 $1,941,436 $2,602,126 Instructions: You are to prepare a list of the type of information that should appear in an interim report for HedgeCo as of 11\/1\/2013. I strongly suggest that you use FASB 131 as a primary source. The list should be prioritized by reasoning that is driven primarily by case facts. The assumptions should appear lower in the list. Type I Data # Item Reasoning for selection (even if it is an assumption) 1 2 3 4 5 6 7 8 9 10 Type II Data # Item Reasoning for selection (even if it is an assumption) 1 2 3 4 5 6 7 8 9 10 Type III Data # 1 2 3 4 5 6 7 8 9 10 Item Reasoning for selection (even if it is an assumption) Instructions: One of HedgeCo's subsidiaries operates in a foreign country. The financial statements must be translated into U.S. dollars for financial reporting purposes. This entity has operations that are largely independent of HedgeCo (parent). Using the appropriate method, translate the financial statements into U.S. dollars. Current Exchange Rates Historical Rates (Equity) Average Rate BALANCE SHEET 12\/31\/2013 Assets Cash Accounts Receivable Land Building (net) Accumulated Depreciation Total Assets 1.50 0.75 1.10 FC 6000.00 2000.00 10200.00 30000.00 -30000.00 18200.00 Liabilities Accounts Payable Mortgage Payable 100.00 10000.00 Equity Common Stock Retained Earnings 100.00 8000.00 Total Liabilities & Equity INCOME STATEMENT Revenues Operating Expenses (net depreciation) Depreciation Net Income 18200.00 50000.00 -25000.00 -5000.00 20000.00", "transcribed_text": "", "related_book": { "title": "Global Strategy", "isbn": "0357512367, 978-0357512364", "edition": "5th Edition", "authors": "Mike W. Peng", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/649592eaa157d_32303.jpg", "uri": "\/textbooks\/global-strategy-5th-edition-9780357512364", "see_more_uri": "" }, "free_related_book": { "isbn": "B0CRGL81SY", "uri": "\/textbooks\/mastering-blockchain-basics-your-gateway-to-advancement-unlocking-the-power-of-blockchain-technology-a-comprehensive-guide-to-mastering-the-basics-and-advancing-your-career-1st-edition-979-8873595488-255558", "name": "Mastering Blockchain Basics Your Gateway To Advancement Unlocking The Power Of Blockchain Technology A Comprehensive Guide To Mastering The Basics And Advancing Your Career", "edition": "1st Edition" }, "question_posted": "2024-06-28 03:38:25", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/what-are-the-two-categories-of-financial-assets-that-relate", "description": "What are the two categories of financial assets that relate to cash and receivables, and how is each category valued?", "stars": 3 }, { "url": "\/study-help\/psychology\/define-procrastination-and-explain-its-causes-1982568", "description": "Define procrastination and explain its causes.", "stars": 3 }, { "url": "\/what-is-the-probability-of-finding-a-particle-in-a", "description": "What is the probability of finding a particle in a box of length L in the region between x = L\/4 and x = 3L\/4 when the particle is in (a) The ground level and (b) The first excited level? 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