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Scenario 10-1 On 6/1/X2, an American Firm Purchased a Inventory Costing 100,000

question 38

Multiple Choice

Scenario 10-1
On 6/1/X2, an American firm purchased a inventory costing 100,000 Canadian Dollars from a Canadian firm to be paid for on 8/1/X2. Also on 6/1/X2, the American firm entered into a forward contract to purchase 100,000 Canadian dollars for delivery on 8/1/X2. The exchange rates were as follows:
The American firms fiscal year end is 6/30/X2. The changes in the value of the forward contract should be discounted at 8%.
-Refer to Scenario 10-1. What is the value of the Forward Contract Receivable-FC on 6/30/X2?

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Definitions:

Behaviour Modification Techniques

Methods or strategies used to change or modify individual or group behaviors, often applied within organizational or therapeutic settings.

Social and Self-actualisation Needs

Social and self-actualisation needs refer to higher levels of human needs in Maslow's hierarchy, involving the need for relationships, esteem, and realizing one's potential.

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Methods that involve the use of numerical data and statistical analysis to understand and solve problems.

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Informal guidelines or principles that managers use, based on experience and practice, to make decisions and solve problems.