The Table Below Shows Hypothetical Monthly Cell Phone Plan Fees

question 9

Multiple Choice

The table below shows hypothetical monthly cell phone plan fees for the identical service over several years. TABLE 2-2 Refer to Table 2-2.Assume that 2015 is used as the base year,with the index number = 100.Which of the following series is the correct set of index numbers for the monthly cell phone charges from 2015 to 2019?

• A)0.55; 0.50; 0.40; 0.35; 0.25
• B)100; 91; 73; 64; 45
• C)55; 50; 40; 35; 25
• D)1.0; 0.91; 0.73; 0.64; 0.45
• E)100%; 91%; 73%; 64%; 45%

Calculate the value of a forward contract at different key dates including the commitment date and settlement date.

Apply appropriate accounting principles for translating financial transactions under IAS 21.

Understand the implications of different exchange rate quotations (direct and indirect) in financial reporting.

Understand the concepts of foreign exchange and the types of foreign exchange hedging tools.

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