On October 1, 2011, Eagle Company Forecasts the Purchase of Inventory

question 55

Multiple Choice

On October 1, 2011, Eagle Company forecasts the purchase of inventory from a British supplier on February 1, 2012, at a price of 100,000 British pounds. On October 1, 2011, Eagle pays $1,800 for a three-month call option on 100,000 pounds with a strike price of $2.00 per pound. The option is considered to be a cash flow hedge of a forecasted foreign currency transaction. On December 31, 2011, the option has a fair value of $1,600. The following spot exchange rates apply: What is the amount of option expense for 2012 from these transactions?

• A) $1,000.
• B) $1,600.
• C) $2,500.
• D) $2,600.
• E) $0.

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

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Definitions:

Iterative

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A programming language that supports scripts, enabling the automation of tasks that could alternatively be executed one-by-one by a human operator.

Corporate Environment

A professional setting often within a company where business activities, employee relations, and organizational structure are established and maintained.

PowerShell

A task-based command-line shell and scripting language designed especially for system administration.