Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. all-american company bought inventory for 30,000 f

All-American Company bought inventory for 30,000 FCs on December 1, 2015 and paid for it...

90.2K

Verified Solution

Question

Accounting

All-American Company bought inventory for 30,000 FCs on December 1, 2015 and paid for it on January 30, 2016. They did not hedge this transaction. In which case below would they always record a gain on 12/31/15? a. if the selling spot rate increases between 12/1 and 12/31. b. if the selling spot rate decreases between 12/1 and 12/31. c. if the buying spot rate increases between 12/1 and 12/31. d. if the buying spot rate decreases between 12/1 and 12/31.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

7 POINTS 14 ANSWER THE FOLLOWING QUESTIONS ABOUT MEAS A WHICH 2 MEASURES OF CENTRAL...

Basic Math
1.2K views

(a) Write a general expression for yp(x) a particular solution to the nonhomogeneous differential equation [Do not...

Medical Sciences
1.2K views

Describe one concept/skill that you learned in this course and why it will be important to...

Biology
1.2K views

You take a blood sample of your female patient and measure hormone concentrations in her...

Biology
1.2K views

2. The following is the longest phase of mitosisa. Prophaseb. Metaphasec. Anaphased. Telophase

Biology
1.2K views

48 a ketoglutarate is a precursor for each of the following except B glutamine A...

Statistics
1.2K views

Experimental Inquiry What Can You Learn About the Process of Science from Investigating a Cricket...

Accounting
1.2K views

Gallop Corporation prepared the following report for the first quarter of this year: ...

Accounting
1.2K views

of normal capacity. Determine the fixed factory overhead volume variance. Enter a favorable variance as...

Accounting
1.2K views

Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufacture and sell...

Accounting
1.2K views

Question 3 of 4 1.33212-=, : Cullumber Company manufactures and sells two...

Finance
1.2K views

The following graph shows the value of a stocks dividends over time. The stocks current...