Taste Bits Inc.purchased chocolates from Switzerland for 200,000 Swiss francs (SFr) on December 1,2008.Payment is due on January 30,2009.On December 1,2008,the company also entered into a 60-day forward contract to purchase 100,000 Swiss francs.The forward contract is not designated as a hedge.The rates were as follows:
-Based on the preceding information,the entries on January 30,2009,include a:
Definitions:
Parking Rates
the fee charged for the use of a parking space, typically determined by duration and location.
Pricing Strategy
A plan or approach adopted by a business to set prices for its products or services to achieve specific marketing objectives.
LRMC
Long-Run Marginal Cost, which is the increase in cost a company faces to produce one additional unit of output when all factors of production are variable.
Infer High Quality
Deduce or conclude (information) to be of superior standards or excellent nature.
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