The Legal Environment of Business: Text and Cases
10th Edition
ISBN: 9781337535878
Author: Frank B. Cross; Roger LeRoy Miller
Publisher: Cengage Learning US
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Question
Chapter 9, Problem 4CT
Summary Introduction
Case summary:The person N filed a suit against the company TG that due to a foreign substance on the floor, she slipped and got injured. The company TG filed a motion to inspect N’s FB profile as the suit was not only related to her physical condition but also to mental health. The person N wanted to protect her privacy and disallowed the inspection permission to TG. The court allowed the inspection to find out the mental condition of N.
To explain:The result when N was asked to disclose a broader range of FB material including her relationship with her family and her romantic partner.
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Hi expert please give me answer general accounting question
General accounting question
Victoria Exports (Canada). A Canadian exporter, Victoria Exports, will be receiving six payments of €13,800, ranging from now to 12 months in the future. Since the company keeps cash balances in both Canadian dollars
and U.S. dollars, it can choose which currency to exchange the euros for at the end of the various periods. Which currency appears to offer the better rates in the forward market? (Click on the icon to import the table into
a spreadsheet.)
Period
Days Forward
spot
1 month
C$/euro
1.3347
1.3370
US$/euro
1.3219
1.3224
m
2 months
3 months
1.3392
30
60
1.3229
90
1.3235
180
1.3438
12 months
360
1.3464
1.3239
1.3269
6 months
1.3416
Calculate the forward premium, the Canadian dollar proceeds, and the difference from the spot rate proceeds in the C$/Euro forward market below: (Round the forward premium to three decimal places and the Canadian
dollar amounts to the nearest cent.)
Days
Forward Premium
C$ Proceeds of
Difference
Period
Forward
C$/euro
on the C$/euro
€13,800
Over Spot…
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The Legal Environment of Business: Text and Cases
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