On December 1, 2021, Joseph Company, a U

question 18

Multiple Choice

On December 1, 2021, Joseph Company, a U.S. company, entered into a three-month forward contract to purchase 50,000 pesos on March 1, 2022, as a fair value hedge of a foreign currency denominated account payable. The following U.S. dollar per peso exchange rates apply: Joseph's incremental borrowing rate is 12 percent. The present value factor for two months at an annual interest rate of 12 percent is 0.9803. Which of the following is included in Joseph's December 31, 2021 balance sheet for the forward contract?

• A)$5,146.58 asset.
• B)$5,146.58 liability.
• C)$500.00 liability.
• D)$490.15 asset.
• E)$490.15 liability.

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Definitions:

Recruitment and Selection

Recruitment and Selection refer to the processes through which organizations identify, attract, screen, and hire candidates to fill job vacancies, ensuring the right fit between the job and the employee.

Company-Specific Human Capital

The unique knowledge, skills, and experience possessed by an organization's workforce that cannot easily be replicated by competitors.

Unique Culture

A distinctive set of customs, traditions, beliefs, and practices that characterize a specific group, organization, or society.

Geographic Location

Refers to the specific physical place where something is located, often considered in terms of its environment, features, and accessibility.