FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Crane, Inc., sold equipment to an Irish firm and will receive 1,261,235 in 30 days. If the company entered a forward contract to sell at

Crane, Inc., sold equipment to an Irish firm and will receive 1,261,235 in 30 days. If the company entered a forward contract to sell at the 30-day forward rate of $1.3946/, what is the dollar revenue receive?(Round answer to 2 decimal places, e.g. 15.25.)

Revenue received$

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management Concepts and Applications

Financial Management Concepts and Applications

Authors: Stephen Foerster

1st edition

013293664X, 978-0132936644

More Books

Students also viewed these Finance questions

Question

★★★★★
What is the difference between the monetary base and total bank reserves?

Answered: 1 week ago

Question

★★★★★
a. Find the general solution to the differential equation x 2 dy/dx = y + xy, giving your answer in the form y = g(x). b. Find the particular solution to the differential equation that satisfies the...

Answered: 1 week ago

Question

★★★★★
Let X be a random variable with a b(n, p) distribution. Show that for any positive integer r, the rth factorial moment of X ????(r) = E[(X)r] = E[X(X 1)(X 2) (X r + 1)] is given by the formula...

Answered: 1 week ago

Question

★★★★★
Saddam Ltd is considering the possibility of diversifying its operations and has identified three firms in the same industrial sector as potential takeover targets. The following information in...

Answered: 1 week ago

Question

★★★★★
Q1: Make the appropriate entries in the accounting equation below for the following transaction: The firm sold merchandise costing $200 for $400 cash. Assets Liabilities + Equity 2

Answered: 1 week ago

Question

★★★★★
The yearly demand for a seasonal, profitable item follows the distribution below: A manufacturer is considering launching a project to produce this item and could produce it by one of three methods:...

Answered: 1 week ago

Question

★★★★★
If you bought a house today for $340,000 and the expected appreciation rate is 5%, what is the expected sales price in 11 years? $581,515.38 $588,633.03 $527,000.00 $832,325.42

Answered: 1 week ago

Question

★★★★★
To keep your production plant up and running, you are constantly looking for new employ- ees. Understanding the abilities of an applicant is not easy. By conducting an interview with an applicant,...

Answered: 1 week ago

Question

★★★★★
What is the profile of a hacker today? Characteristics Black hat White Hat State Sponsored Hackers Whistleblower Cybersecurity professionals (NYU, courses, degrees that specialize in cybersecurity,...

Answered: 1 week ago

Question

★★★★★
At a recent meeting, Nora observed that in her organization, the key values are intensely held and widely shared among all team members. What does this represent?

Answered: 1 week ago

Question

★★★★★
22. 222 A tendency exists for a policyholder to purchase an insufficient policy limit with respect to property insurance on a building. Why is such the case? Assuming that the policy limit is...

Answered: 1 week ago

Question

★★★★★
Longworth Partnership purchased a machine for $ 5 8 , 2 5 0 to use in its business. In year 3 , Longworth sold the machine for $ 3 7 , 9 0 0 . Between the date of the purchase and the date of the...

Answered: 1 week ago

Question

★★★★★
3 : C = S N ( d 1 ) - E e - r t N ( d 2 ) d 1 = l n ( S E ) + ( r + 2 2 ) t t 2 d 2 = d 1 - t 2 a ) Use the Black - Scholes option pricing model to value a call option on a share with the information...

Answered: 1 week ago

Question

★★★★★
If the bonds in question 8 are classified as available- for-sale and they have a fair value at December 31, 2007, of $1,802,000, prepare the journal entry (if any) at December 31, 2007, to record...

Answered: 1 week ago

Question

★★★★★
The following information relates to Starbucks for 2004: net income $391.775 million; unrealized holding loss of $4.925 million related to available-for-sale securities during the year; accumulated...

Answered: 1 week ago

Question

★★★★★
(Entries for Held-to-Maturity Securities) On January 1, 2006, Hi and Lois Company purchased 12% bonds, having a maturity value of $300,000, for $322,744.44. The bonds provide the bondholders with a...

Answered: 1 week ago

Previous Question Next Question