Assuming that Brandt entered into a forward contract to sell 10 million South Korean won on December 1, 2020, as a fair value hedge of a foreign currency receivable, what is the net impact on its net income in 2020 resulting from a fluctuation in the value of the won

Answers

Answer 1

The net impact on its net income in 2020 resulting from a fluctuation in the value of the won is : $250 decrease in net income.

First step is to calculate the Discount on forward contract

Discount on forward contract=[($0.0035 − $0.0034) × 10 million

Discount on forward contract=$0.0001 × 10 million

Discount on forward contract= $1,000

Second step is to amortized the Discount on forward contract

Amortization of discount on forward contract=$1,000 / 4 months

Amortization of discount on forward contract=$250 per month

Based on the above calculation foreign exchange loss of the amount of $250 will be recognized on December 31, 2020.

Therefore the net impact on its net income in 2020 resulting from a fluctuation in the value of the won is a decrease of $250.

Learn more here: https://brainly.com/question/19353936


Related Questions

Purchased office supplies for $1,400. Cash paid $ 400 and remaining
outstanding.

Answers

Answer: $1,000

Explanation:

Human Resource Manager.

What changes do you expect to see in this sector in the next 5 years?
What skills and experience will you need to develop now and, in the
future, to equip yourself for success in your chosen role?

Answers

Answer:

In 2021, more HR departments will need to develop long-term strategies for providing employees with mental health resources. ... While that will likely include initiatives like reorganizing physical spaces and updating company policies, mental health needs to be part of the equation, too.

Explanation:

hope it helps

A company failed to record unrealized gains of $37 million on its available for sale debt security investments. Its tax rate is 25%. As a result of this error, comprehensive income would be:

Answers

Answer:

Question #1

A company failed to record unrealized gains of $32 million on its available for sale security investments. Its tax rate is 35%. As a result of this error, comprehensive income would be:

a) Understated by $20.80 million

b) Overstated by $11.20million

c) Understated by $32.00 million

d) Unaffected

Question #2

A company failed to record unrealized gains of $21 million on its trading security investments. Its tax rate is 40%. As a result of this error, total shareholders' equity would be:

a) Understated by $12.60 million

b) Understated by $21.00 million

c) Understated by $8.40 million

d) Unaffected

PLEASE show me your entire work for full credit. Thanks!!

In the context of balance sheets, accounts receivable is an example of

Answers

Answer:

In the context of balance sheets, accounts receivable is an example of current liabilities immovable assets, current assets depreciated liabilities

Explanation:

Hope It helps And Please Mark Me As Brainliest

Answer:

In the context of balance sheets, accounts receivable is an example of current liabilities immovable assets current assets depreciated liabilities

Explanation:

Discuss the difference between the income statement of Variable and absorption costing.

Answers

Absorption costing includes all of the direct costs associated with manufacturing a product, while variable costing can exclude some direct fixed costs. ... Variable costing includes all of the variable direct costs in COGS but excludes direct, fixed overhead costs.

In order to compare and evaluate choices, there must be a set of
a. Resources
b. Decisions
C. Consequences
d. None of the above
Please select the best answer from the choices provided

Answers

the answer is a) Resources.
there must be a set of resources to compare and evaluate choices.

The business case for why companies should act in a socially responsible manner includes such reasons as

Answers

because if we all act in a socially responsible manner we all can get this done faster, if we all work together we can do it.

In the shooting of a movie, if something does not go according to script, which member of the team is least likely to notice?
A. Cinematographer
B. director
C. Actor
D. person in charge of continuity

Answers

Answer:

A. Cinematographer

Explanation:

They film the movie not read the script.

Gina Morales had taxable income of $35,950 in 2020. She will file a return using the single filing status. Her income consisted of ordinary and qualified dividend income of $2,000, reported to her on Form 1099-DIV. The rest of her income was from wages. What tax rate will apply to Gina's qualified dividends

Answers

The applicable tax rate to Gina's qualified dividends is 0%.

Gina's qualified dividends of $2,000 are below the threshold for long-term capital rates of 15% and 20%.  Based on Gina's single filing status with a taxable income of $35,950, which falls under the 12% taxable income bracket, she will not be paying any tax on her qualified dividends.  But she must still disclose the qualified dividend income on her tax form.

Thus, the tax rate that applies to Gina's qualified dividends is 0%.

Learn more: https://brainly.com/question/14080241

Professional organizations and producer groups have an incentive to a. encourage advertising in order to enhance competition on the basis of price. b. restrict advertising in order to enhance competition on the basis of price. c. restrict advertising in order to reduce competition on the basis of price. d. encourage advertising in order to reduce competition on the basis of price.

Answers

Professional organizations and producer groups have the incentive to restrict advertising in order to reduce competition on the basis of price.

Advertising has the power to influence the tastes of the consumers of a product. Effective restrictions on advertising also helps to raise the profit that a business makes.

It does this by the reduction of price sensitivity and also leading to a fall in the number of competitive firms.

Read more on https://brainly.com/question/16970709?referrer=searchResults

An investor buys a share of stock for $40 at time t = 0, buys another share of the same stock for $50 at t = 1, and sells both shares for $60 each at t = 2. The stock paid a dividend of $1 per share at t = 1 and at t = 2. The periodic money-weighted rate of return on the investment is closest to:

Answers

The investor's weighted rate of return on the two investments is closest to 31.75%.

Data and Calculations:

Cost of stock = $40

Time (t) = 0

Cost of stock = $50

Stock dividend per share = $1

Dividend at t1 = $2

Dividend at t2 = $2

Profits from sale of stock = $20 and $10 each

Weighted Rate of Return:

For stock 1 = 28.75% ($21/$40 x 100 1/2 + $1/$40 x 2/2)

For stock 2 = 3% ($1/$50 x 100 + $1/$50 x 100 x 1/2)

Weighted rate of return = 31.75% (28.75 + 3%)

Thus, the weighted rate of return on the investment is closest to 31.75%.

Learn more: https://brainly.com/question/15150930

Which statement is a reason for using our unconventional reserves if they were more difficult to obtain

Answers

Unconventional resources are the resources that make use of specialized extraction to obtain fuel from the deposit.

Your information is incomplete. Therefore, an overview of an unconventional reserve will be given. An unconventional reserve makes use of specialized extraction to obtain fuel from the deposit.

The resources that can be extracted from conventional petroleum reserves are natural gas, crude oil, and condensate. It should be noted that the products that can be refined are petrol, diesel, asphalt base, kerosene, etc.

Read related link on:

https://brainly.com/question/25491380

Which of the following statements is true about taxes?
A)Taxes pay for schools first responders and roads.
B)Taxes pay toll road fees and office buildings.
C)Taxes are only collected by the federal government.
D)Taxes are only collected by state governments.

Answers

The statement that is true about taxes is that A. Taxes pay for schools first responders and roads.

Taxes simply means the compulsory levies that are paid by individuals and firms to the government. The revenue gotten from taxes is vital for the development of an economy.

Tax revenues can be used in providing infrastructural facilities and pay for schools first responders and roads. First responders include police, firefighters, paramedics, etc.

Read related link on:

https://brainly.com/question/25496563

Answer:

Your answer is: A)Taxes pay for schools first responders and roads.

Explanation:

According to House’s revised path-goal theory, a leader’s style should vary depending on

a. leader-member relations and environmental factors.
b. employee characteristics and organizational readiness.
c. leadership effectiveness and situational control.
d. employee characteristics and environmental factors.

Answers

According to House’s revised path-goal theory, the style of a leader varies depending on D. employee characteristics and environmental factors.

The path-goal theory posits that the behavior of a leader is contingent on the motivation, performance, and satisfaction of their workers.

According to House’s revised path-goal theory, a leader’s style should vary depending on employee characteristics and environmental factors.

Read related link on:

https://brainly.com/question/25740123

Make a list of information areas that the individuals who join foreign employment should know or understand.​

Answers

Answer:

Country can get lots of foreign currency as the remittance which can be used to establish industries in the country. Such industries provide job opportunities in the country. People who went overseas to work can learn different skills and technologies which can be beneficial for the development of our own country. Foreign employment reduces the unemployment problem of a country. It may help to develop international relations with other countries because the country has to do labour contract with other countries and embassies has to be established there.

Your dad mentioned that he had $100,000 in his retirement account 20 years ago. If the account has grown by the market rate of 10% per year by how much would the account have grown.

Answers

Answer:

ow much would the account have grown

help pls What is one course of action available in every decision making process?

a.

Respond in a way which will have only positive consequences

b.

Respond in a way which will have no negative consequences

c.

Choose to do nothing about the issue

d.

None of the above

Answers


the answer is c) choose to do nothing about the issue

Answer:

answer is c

Explanation:

How does changes in the market for new cars impact the market for second-hand cars? (9 marks)

Help me answer this

Answers

The global used cars market was valued at $828.24 billion in 2019, and is projected to reach $1,355.15 billion by 2027, registering a CAGR of 8.3% from 2020 to 2027. By vehicle type, the SUV segment was the highest revenue contributor in 2019, accounting for $338.61 billion, and is estimated to reach $533.39 billion by 2027, registering a CAGR of 7.80% during the forecast period

What problems do you think might arise in extreme programming teams where many management decisions are devolved to the team members

Answers

*insert smart answer*

Which statement is true about a homeowner's exemption? It must be filed every year . Certain homeowners may qualify for a $10,000 exemption . Once filed, it remains until terminated . None of the above .

Answers

Answer:

Certain homeowners may qualify for a $10,000 exemption

In a homeowner's exemption, certain homeowners may qualify for a $10,000 exemption. The correct option is b.

What is California's homeowner's exemption?

The California Revenue and Taxation Code provide homeowners with a $7,000 reduction in the taxable value of a qualifying owner-occupied residence for purposes of computing the annual property tax assessment. With an approximate 1% property tax rate, the exemption provides roughly $70 in annual property tax savings.

The home must have been the principal residence of the owner as of January 1 of that tax year to qualify for the homeowners’ exemption. The new owner will automatically receive an exemption claim form in the mail and there is no cost to file. To receive 100% of the exemption ($7,000), an owner must file by February 15. If the form is filed after February 15 but before December 10, an owner will receive 80% of the exemption ($5,600) for that year. Once granted, the homeowners’ exemption remains in effect until the title to the property changes.

Or if the owner no longer occupies the house as their principal place of residence.

Learn more about exemption, here:

https://brainly.com/question/28875581

#SPJ2

To calculate the earnings from an annual percentage yield, you should:
A. multiply the nominal interest rate by the interest earned.
O B. multiply the amount in the account by the nominal interest rate.
O C. multiply the initial deposit by the nominal interest rate.
D. multiply the amount in the account by the initial deposit.

Answers

Answer:

Multiply the amount in the account by the nominal interest rate

Explanation:

To calculate the earnings from an annual percentage yield, you should multiply the amount in the account by the nominal interest rate.

What is earning?

Earnings is what is left after all the expenses of a particular production process have been removed.

It can be expressed in percentage and computed form the yield.

Therefore, To calculate the earnings from an annual percentage yield, you should multiply the amount in the account by the nominal interest rate.

Learn more on earning here,

https://brainly.com/question/26282268

#SPJ2

To be protected under the Copyright Act, a work must be a. a concept, principle, or discovery. b. none of the choices. c. an inseparable idea and expression. d. original and fixed in a durable medium.

Answers

In order to be protected under the copyright act, a work has to be original and fixed in a durable medium.

The answer to this question is option d. The copyright act can be described as the type of ownership that is protected by the law. The protection is offered based on the fact that the ideas are original.

It offers a genuine protection for the original author. The basic idea behind this is to create a balance between the interest of the public users and the rights of the person that authored the work.

Read more on https://brainly.com/question/17837672?referrer=searchResults

Answer:

The answer is option D.

Explanation:

I answered this question on a test.

A ____________ contract is an agreement that is not a contract at all because it lacks one or more of the legal elements required to form a contract.

Answers

Answer:

void

Explanation:

. Discuss two to three limitations of referee reports
placed on management or organizations for job candidates. How do organizations cope
with this burden?

Answers

Answer:

The lack of awareness of the organizational culture and prejudices that can affect the recruiting and selection process

Explanation:

some limitations of reports from referees positioned in management or organizations for job seekers. The recruitment and selection process for applicants who would occupy critical positions in organizations should be led by the company's executives, who have more expertise and vision in identifying the suitable candidate.

The referee reports can have one or many limitation one of which is lack of thorough reference check of the onboarding and presently working candidates.

Lack of awareness about the information technology to rectify the security framework breach by the employee. Lack of human resource which can analyze the moral, educational, and career background of the onboarding candidate. Lack of awareness about crimes associated with jobs like white collar crimes and cyber crimes.

The organizations cope up with the limitations in the following ways:

1. The organization can employee security and cyber experts to rectify all the doubts related to the on joining employee.

2. A legal team is required to check whether the on joining employee had a previous criminal link or was associated with crime.

Learn more about referee reports:

https://brainly.com/question/25684739

write the interrelationship between education and profession​

Answers

Explanation:

in order to have a profession you need to get an education first ... if you start out working along side someone,that someone is giving you an education in how to do the job you want to do. if you are planning a profession such as a doctor or a lawyer , prepare yourself for a lot of education..

Identify and analyze various factors which affect organizational design/ structure of an organization.

Answers

Answer:

There are five factors that greatly impact organizational design: strategy, environment, technology, size and life cycle, and culture.

Explanation:

2. How do you plan to fit freelancing with Rev in with your current schedule?

Answers

Based on time management analysis, to fit freelancing with Rev in with your current schedule, you should start by "creating a routine."

The other things you need to include in your plan to fit freelancing with Rev in with your current schedule include the following:

Set a priority list.Avoid procrastinationUtilize an electronic calendar to follow your scheduleComplete an end-of-the-day work.Follow a healthy work-life balance.

Hence, in this case, it is concluded that there are many ways in which you can fit freelancing with Rev in with your current schedule.

Learn more here: https://brainly.com/question/16891976

Mention five (5) reasons why some business plan fail

Answers

Answer:

any five reasons why business fail are :

due to low investment or budget

due to lack of demand of customers

due to lack of knowledge of that business

Why Is Tiklacars South Southend Airport Transfer Service Better?

Answers

Answer:

Yes,

Tiklacars South Southend Airport Transfer Service is Better.

I HOPE ITS HELP YOU

How has Starbucks adapted to Chinese culture?

Answers

It hasn’t coffe has nothing to do the the Chinese culture besides the logo of a mermaid

Answer:

Starbucks bridged the gap between the tea drinking culture and the coffee drinking culture by introducing beverages in China that was based on local tea-based ingredients. Starbucks also introduced a highly localized menu of beverages and snacks that are particularly customized to suit Chinese taste buds.

Explanation:

Other Questions
what is the answer to this:magnesium+oxygen Alex just got a new car. Because Alex obtained full-coverage car insurance, Alex will have an incentive to ______ because of ______. 6(x + 7.50) = 4(2x + 9.50), what is the value of x? An artificial satellite circles the Earth in a circular orbit at a location where the acceleration due to gravity is 6.44 m/s2. Determine the orbital period of the satellite. Josh and jake are both helping to build a brick wall which is 6 meters in height. They each lay 250 bricks, but josh finishes this task in 3 hours while jake requires 4.5 hours to complete his part. Who does more work, or do they both do the same amounth? Who has more power? Explain. The undigested part of the food is calledDiet Nutrients RoughageStarch Please help me please help mee what would the numerical answer be?? Can someone please help me I will make u brilliant Why were some Americans opposed to the US having colonies? A quadratic function has zeros of 2 and 9. Which expression could define the function?A. x+18x+11B. x+11x+18C. x-11x+18D. x-18x+11- Also could you show the work. I am trying to do test corrections and have no idea what I am doing. Which element should you avoid in a summary. A.facts B. Personal opinionsC. Main ideas D. Specific words Given the slope and y-intercept of the line, write the equation in slope-intercept form.URGENT WILL GIVE BRAINLIEST!! 5. Find the triangle similar to AABC at the right. I need help with this equation When Carlos lies to Jacob about how much money he makes at his new job, because hes embarrassed at how little he makes, his reason for lying is best described as Group of answer choices -x+y=5 2x-5y=12Select the best method to solve the system Substitution or Elimination maya wants to burs 600 calories, so far, she burned 584.3 calories. how many more calories must maya burn How do the citizens help to increase national glory? Brainliest if correct!The grievances in the Declaration of Independence are all directed towards:A) British Military Massachusetts Governor GageB) Lord DunmoreC) King George IIID) The British Parliament