Use the Following Information to Answer the Question(s) Below

question 26

Multiple Choice

Use the following information to answer the question(s) below.

On November 2, 2014, Bellamy Corporation sells product to their Danish customer. At the same time, Bellamy signed a forward contract to sell 200,000 Danish krone in ninety days to hedge the account receivable at $0.1905, the 90-day forward rate. The receivable is expected to be collected in ninety days. Assume the forward contract will be settled net and this is a fair value hedge. The related exchange rates are shown below:

-Assuming a present value factor of 1 for simplicity,what is the fair value of this forward contract on November 2?

• A)$-0-
• B)$100 asset
• C)$100 liability
• D)$38,100 asset

Understand the objectives and components of performance assessment and appraisal processes.

Recognize the significance of orientation and socialization processes for new employees.

Understand the concept and importance of flexible benefits programs for employees.

Recognize various strategies and components of base compensation and how they support organizational goals.

---

Definitions:

Active Listening

The practice of fully concentrating, understanding, responding, and remembering what is being said.

Repeating Words

The act of saying or writing the same word or phrase multiple times, which can occur in speech, literature, or learning scenarios.

Approving Nods

Gestures made by moving the head up and down to express approval, agreement, or acknowledgment without using words.

Open Up

To become more accessible or available emotionally or physically, creating an environment for sharing information or entering.