Foreign exchange rate: The rate at which currency of one country is changed to currency of another country is called foreign exchange rate. Mainly there are two rate, i.e., direct exchange rate and indirect exchange rate. Foreign exchange gain or loss : Foreign exchange gain or loss arises when there is selling or buying of any goods and services in foreign currency. Forward contract: It is the contract between the purchase and the seller where they agreed to buy or sell an asset at a fixed price in the future on a specific date. The recording of the journal entries related to foreign currency transactions and forward contract made by A company.

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Answer 1

Question

Chapter 11, Problem 11.13E

a.

To determine

Foreign exchange rate: The rate at which currency of one country is changed to currency of another country is called foreign exchange rate. Mainly there are two rate, i.e., direct exchange rate and indirect exchange rate.

Foreign exchange gain or loss: Foreign exchange gain or loss arises when there is selling or buying of any goods and services in foreign currency.

Forward contract: It is the contract between the purchase and the seller where they agreed to buy or sell an asset at a fixed price in the future on a specific date.

The recording of the journal entries related to foreign currency transactions and forward contract made by A company.

b.

To determine

Foreign exchange rate: The rate at which currency of one country is changed to currency of another country is called foreign exchange rate. Mainly there are two rate, i.e., direct exchange rate and indirect exchange rate.

Foreign exchange gain or loss: Foreign exchange gain or loss arises when there is selling or buying of any goods and services in foreign currency.

Forward contract: It is the contract between the purchase and the seller where they agreed to buy or sell an asset at a fixed price in the future on a specific date.

The effect on net income of A company if forward contract is made or if forward contract is not made.

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ACT B405F Assignment Due date: 28-3-2025 Write clearly your name, student ID and tutorial group number on the cover sheet of your answer word file. Question 1 30 marks HK Electronics Ltd. manufactures and sells three types of electronic components: Basic (B), Advanced (A), and Premium (P). These components share a common production process up to a split-off point, after which they are separately packaged. The components can be sold at the split-off point or undergo further processing, incurring additional variable costs. Last year, all three components underwent further processing. Total joint production costs were HK$150,000,000. If All Units Processed Further Additional Component Units Produced (thousands) Sales Price at Split-Off Point Sales Price at Split- Off (HK$) Processing Costs (HK$) Units Sold (thousands) Basic (B) 10,000 50 70 120,000,000 10,000 Advanced (A) 8,000 80 110 72,000,000 8,000 Premium (P) 2,000 100 130 250,000,000 2,000 Required: (a) Physical Measure Method (15…

Need answer financial accounting question

The privately-held Toys "R" Us filed for bankruptcy in fall 2017, it disclosed that it had $5 billion in debt and was spending about $400 million per year for interest on that debt. Toys "R" Us net debt was $109.0 million in 2005, just before being taken over by private equity buyers in 2005. In that takeover, the company incurred $5.3 billion in debt. Sales revenue in the twelve months before the buyout in 2005 were $11.2 billion. Sales in the twelve months ending October 2017 were $11.1 billion. During the bankruptcy and store closing announcement in March 2018, the Toys "R" Us CEO stated that the company had fallen behind on the general upkeep and condition of its stores, which contributed to the decline in sales. It has also faced intense competition from other retailers, such as Amazon.com and Walmart. Toys "R" Us had had plans during 2017 to invest in technology, upgrade its stores to have toy testing areas, and create other features that would draw customers into the stores, but…

Answer 2

Question

Chapter 11, Problem 11.13E

a.

To determine

Foreign exchange rate: The rate at which currency of one country is changed to currency of another country is called foreign exchange rate. Mainly there are two rate, i.e., direct exchange rate and indirect exchange rate.

Foreign exchange gain or loss: Foreign exchange gain or loss arises when there is selling or buying of any goods and services in foreign currency.

Forward contract: It is the contract between the purchase and the seller where they agreed to buy or sell an asset at a fixed price in the future on a specific date.

The recording of the journal entries related to foreign currency transactions and forward contract made by A company.

b.

To determine

Foreign exchange rate: The rate at which currency of one country is changed to currency of another country is called foreign exchange rate. Mainly there are two rate, i.e., direct exchange rate and indirect exchange rate.

Foreign exchange gain or loss: Foreign exchange gain or loss arises when there is selling or buying of any goods and services in foreign currency.

Forward contract: It is the contract between the purchase and the seller where they agreed to buy or sell an asset at a fixed price in the future on a specific date.

The effect on net income of A company if forward contract is made or if forward contract is not made.

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Answer 3

Question

Chapter 11, Problem 11.13E

a.

To determine

Foreign exchange rate: The rate at which currency of one country is changed to currency of another country is called foreign exchange rate. Mainly there are two rate, i.e., direct exchange rate and indirect exchange rate.

Foreign exchange gain or loss: Foreign exchange gain or loss arises when there is selling or buying of any goods and services in foreign currency.

Forward contract: It is the contract between the purchase and the seller where they agreed to buy or sell an asset at a fixed price in the future on a specific date.

The recording of the journal entries related to foreign currency transactions and forward contract made by A company.

b.

To determine

Foreign exchange rate: The rate at which currency of one country is changed to currency of another country is called foreign exchange rate. Mainly there are two rate, i.e., direct exchange rate and indirect exchange rate.

Foreign exchange gain or loss: Foreign exchange gain or loss arises when there is selling or buying of any goods and services in foreign currency.

Forward contract: It is the contract between the purchase and the seller where they agreed to buy or sell an asset at a fixed price in the future on a specific date.

The effect on net income of A company if forward contract is made or if forward contract is not made.

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Answer 4

Question

Chapter 11, Problem 11.13E

a.

To determine

Foreign exchange rate: The rate at which currency of one country is changed to currency of another country is called foreign exchange rate. Mainly there are two rate, i.e., direct exchange rate and indirect exchange rate.

Foreign exchange gain or loss: Foreign exchange gain or loss arises when there is selling or buying of any goods and services in foreign currency.

Forward contract: It is the contract between the purchase and the seller where they agreed to buy or sell an asset at a fixed price in the future on a specific date.

The recording of the journal entries related to foreign currency transactions and forward contract made by A company.

b.

To determine

Foreign exchange rate: The rate at which currency of one country is changed to currency of another country is called foreign exchange rate. Mainly there are two rate, i.e., direct exchange rate and indirect exchange rate.

Foreign exchange gain or loss: Foreign exchange gain or loss arises when there is selling or buying of any goods and services in foreign currency.

Forward contract: It is the contract between the purchase and the seller where they agreed to buy or sell an asset at a fixed price in the future on a specific date.

The effect on net income of A company if forward contract is made or if forward contract is not made.

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Answer 5

Chapter 11, Problem 11.13E

a.

To determine

Foreign exchange rate: The rate at which currency of one country is changed to currency of another country is called foreign exchange rate. Mainly there are two rate, i.e., direct exchange rate and indirect exchange rate.

Foreign exchange gain or loss: Foreign exchange gain or loss arises when there is selling or buying of any goods and services in foreign currency.

Forward contract: It is the contract between the purchase and the seller where they agreed to buy or sell an asset at a fixed price in the future on a specific date.

The recording of the journal entries related to foreign currency transactions and forward contract made by A company.

b.

To determine

Foreign exchange rate: The rate at which currency of one country is changed to currency of another country is called foreign exchange rate. Mainly there are two rate, i.e., direct exchange rate and indirect exchange rate.

Foreign exchange gain or loss: Foreign exchange gain or loss arises when there is selling or buying of any goods and services in foreign currency.

Forward contract: It is the contract between the purchase and the seller where they agreed to buy or sell an asset at a fixed price in the future on a specific date.

The effect on net income of A company if forward contract is made or if forward contract is not made.

Answer 6

Chapter 11, Problem 11.13E

a.

To determine

Foreign exchange rate: The rate at which currency of one country is changed to currency of another country is called foreign exchange rate. Mainly there are two rate, i.e., direct exchange rate and indirect exchange rate.

Foreign exchange gain or loss: Foreign exchange gain or loss arises when there is selling or buying of any goods and services in foreign currency.

Forward contract: It is the contract between the purchase and the seller where they agreed to buy or sell an asset at a fixed price in the future on a specific date.

The recording of the journal entries related to foreign currency transactions and forward contract made by A company.

Answer 7

Chapter 11, Problem 11.13E

a.

To determine

Foreign exchange rate: The rate at which currency of one country is changed to currency of another country is called foreign exchange rate. Mainly there are two rate, i.e., direct exchange rate and indirect exchange rate.

Foreign exchange gain or loss: Foreign exchange gain or loss arises when there is selling or buying of any goods and services in foreign currency.

Forward contract: It is the contract between the purchase and the seller where they agreed to buy or sell an asset at a fixed price in the future on a specific date.

The recording of the journal entries related to foreign currency transactions and forward contract made by A company.

Answer 8

b.

To determine

Foreign exchange rate: The rate at which currency of one country is changed to currency of another country is called foreign exchange rate. Mainly there are two rate, i.e., direct exchange rate and indirect exchange rate.

Foreign exchange gain or loss: Foreign exchange gain or loss arises when there is selling or buying of any goods and services in foreign currency.

Forward contract: It is the contract between the purchase and the seller where they agreed to buy or sell an asset at a fixed price in the future on a specific date.

The effect on net income of A company if forward contract is made or if forward contract is not made.

Answer 9

b.

To determine

Foreign exchange rate: The rate at which currency of one country is changed to currency of another country is called foreign exchange rate. Mainly there are two rate, i.e., direct exchange rate and indirect exchange rate.

Foreign exchange gain or loss: Foreign exchange gain or loss arises when there is selling or buying of any goods and services in foreign currency.

Forward contract: It is the contract between the purchase and the seller where they agreed to buy or sell an asset at a fixed price in the future on a specific date.

The effect on net income of A company if forward contract is made or if forward contract is not made.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 11 - Prob. 11.1Q Ch. 11 - Prob. 11.2Q Ch. 11 - The U.S. dollar strengthened against the European...Ch. 11 - Prob. 11.4Q Ch. 11 - Prob. 11.5Q Ch. 11 - How are assets and liabilities denominated in a...Ch. 11 - Prob. 11.7Q Ch. 11 - Prob. 11.8Q Ch. 11 - Prob. 11.9Q Ch. 11 - Distinguish between an exposed net asset position...

Solution Summary: The author explains that foreign exchange rate is the rate at which currency is changed to currency of another country. Foreign exchange gain or loss arises when there is selling or buying of any goods and services in foreign currency.

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