On December 1, 2011, Joseph Company, a U Joseph's Incremental Borrowing Rate Is 12 Percent

question 54

Multiple Choice

On December 1, 2011, Joseph Company, a U.S. company, entered into a three-month forward contract to purchase 50,000 pesos on March 1, 2012, as a fair value hedge of a foreign currency denominated account payable. The following U.S. dollar per peso exchange rates apply: $$\begin{array} { | l | c | c | } \hline & & \text { Forward Rate } \\\hline \text { Date } & \text { Spot Rate } & \text { (Mar.1, 2012) } \\\hline \text { December 1, 2011 } & \$ 0.092 & \$ 0.105 \\\hline \text { December 31, 2011 } & \$ 0.090 & \$ 0.095 \\\hline \text { March 1, 2012 } & \$ 0.089 & \text { N/A } \\\hline\end{array}$$
Joseph's incremental borrowing rate is 12 percent. The present value factor for two months at an annual interest rate of 12 percent is .9803. Which of the following is included in Joseph's December 31, 2011 balance sheet for the forward contract?

• A) $5,146.58 asset.
• B) $5,146.58 liability.
• C) $500 liability.
• D) $490.15 asset.
• E) $490.15 liability.

Recognize unique characteristics of specific parasitic plants that distinguish them from other plant types or fungi.

Understand the stages and molecular phenomena of seed development and germination.

Identify the anatomical structures involved in seed and grain germination.

Recognize adaptive advantages of seed dormancy and the factors influencing it.

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Definitions:

Jean Piaget

A Swiss psychologist known for his pioneering work in child development, particularly his theory of cognitive development in children.

Strange Situation

A procedure developed by Mary Ainsworth in the 1970s to observe attachment relationships between a caregiver and child.

Experiment

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.

Prenatal Development

The process of growth and development within the womb from conception to birth.