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Jasper Pernik is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. Currently the spot price for the Japanese yen is ¥129.87/$ and the 6-month forward rate is ¥128.53/$. Jasper thinks the yen will move to ¥128.00/$ in the next six months. If Jasper buys $100,000 worth of yen at today's spot price her potential gain is ________ and her potential loss is ________.
Financing Activities
Transactions involving ways in which a business obtains and repays capital, including debt, equity, and dividend payments.
Indirect Method
An approach used in cash flow statement preparation, adjusting net income for non-cash transactions, deferrals, and accruals to calculate operating cash flow.
Accounts Receivable
Represents money owed to a company by its customers for goods or services provided on credit.
Sales
Revenue earned from the exchange of goods or services during a specific period.
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