On March 1, 2021, Mattie Company Received an Order to Sell

question 71

Multiple Choice

On March 1, 2021, Mattie Company received an order to sell a machine to a customer in England at a price of 200,000 British pounds. The machine was shipped and payment was received on March 1, 2022. On March 1, 2021, Mattie purchased a put option giving it the right to sell 200,000 British pounds on March 1, 2022 at a price of $380,000. Mattie properly designates the option as a fair hedge of the pound firm commitment. The option cost $2,000 and had a fair value of $2,200 on December 31, 2021. The following spot exchange rates apply: Mattie's incremental borrowing rate is 12%, and the present value factor for two months at a 12% annual rate is 0.9803.What was the net impact on Mattie's 2021 income as a result of this fair value hedge of a firm commitment?

• A)$1,800.00 decrease.
• B)$1,760.60 decrease.
• C)$2,240.40 decrease.
• D)$1,660.40 increase.
• E)$2,240.60 increase.

Grasp the significance of mentors and mentoring in career and self-development.

Understand the concepts of internal and external locus of control and their influence on behavior and attitudes.

Describe the development of self-concept and its influence on identity.

Identify factors that negatively impact self-esteem and strategies to mitigate them.

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Definitions:

Verbal Appellation

The use of words or names to identify or describe someone or something.

Cognitive Development Theorist

An individual who studies and proposes theories on how people develop intellectual abilities and processes throughout their lifespans.

Cognitive Social Learning Theorist

A scholar who studies how people learn from observing others in a social context, focusing on the acquisition of behaviors, attitudes, and emotional reactions.

Gender Roles

The set of societal norms dictating what types of behaviors are typically considered acceptable, appropriate, or desirable for people based on their actual or perceived sex.