Question
On September 15, 2017, the company entered into a forward contract with the Bank of Vancouver by locking the price of 600,000 kg of aluminum
On September 15, 2017, the company entered into a forward contract with the Bank of Vancouver by locking the price of 600,000 kg of aluminum at $1.50/kg. Aluminum is used in the production of stereo equipment. As at December 31, the price of aluminum is trading on the Chicago Board of Trade at $1.25/kg.
Required
Prepare a report on your analyses of the companys accounting issues
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Food And Beverage Cost Control
Authors: Lea R. Dopson, David K. Hayes, Jack E. Miller
4th Edition
0471694177, 978-0471694175
