On 7/1, a Company Forecasts the Purchase of 10,000 Units

question 53

Essay

On 7/1, a company forecasts the purchase of 10,000 units of inventory from a foreign vendor.The forecasted cost is estimated to be 150,000 FC.It is estimated inventory will be delivered 11/1.Also, on 7/1, the company purchased a call option to buy 150,000 FC at a strike price of $0.60 anytime during October.An option premium of $2,000 was paid.
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$$\begin{array} { l c c c c } & \text { July 1 } & \text { July 31 } & \text { August 31 } & \text { October 1 } \\\text { Spot } & \$ 0.58 & \$ 0.61 & \$ 0.63 & \$ 0.635 \\\text { Fair Value of Option } & \$ 2,000 & \$ 2,500 & \$ 5,100 & \$ 5,500\end{array}$$ Required:
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Prepare the journal entries required through 10/1.

Recognize the significance of first impressions in interview outcomes.

Understand various resume formats and their appropriateness for different job application contexts.

Identify unlawful questions in employment interviews and suggest appropriate responses.

Understand the employer's preference for different resume types and how it impacts their selection process.

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Definitions:

Specificity

The degree to which something is precise, detailed, or strictly defined.

Interrater Reliability

A measure of the consistency among different observers or raters in their assessments, important for ensuring the validity of research or evaluation results.

Ratings

Numerical or descriptive evaluations used to assess the performance, quality, or suitability of individuals, organizations, products, or services.

Supervisor

A person who oversees and directs the work of others, typically reporting to higher management.