on 1st april 2022, acme ltd signs a contract to purchase goods from a U.S. supplier costing $US150,000. the goods are to be delivered on 30 august 2022. the invoice for $US150,000 is payable on delivery of the goods. acme ltd takes out a forward contract on 1 april 2022 to purchase $150,000 on 30 august 2022 at AUD1.00 = USD0.75. on 30 june 2022, the forward rate for august is aud1.00=usd0.69.

a. what is the economic hedge objective for acme ltd?

b. prepare the required journal entry for 30 june 2022 for acme ltd.

c. prepare the required journal entries for 30 august 2022 for ac e ltd.

d. with hindsight, discuss if acme ltd made the 'optimal' financial decision in taking out a hedge (derivative, forward contract).