On June 1, CamCo Received a Signed Agreement to Sell

question 84

Multiple Choice

On June 1, CamCo received a signed agreement to sell inventory for ¥500,000.The sale would take place in 90 days.CamCo immediately signed a 90-day forward contract to sell the yen as soon as they are received.The spot rate on June 1 was ¥1 =$.004167, and the 90-day forward rate was ¥1 = $.00427.At what amount would CamCo record the Forward Contract on June 1?

• A) $2,083.
• B) $ 0.
• C) $2,110.
• D) $2,532.
• E) $2,135.

---

Definitions:

Social Stress Theory

A framework that explores how stress arising from societal structures and processes can lead to deviant or criminal behavior.

Self-Esteem

An individual's subjective evaluation of their own worth, encompassing beliefs about oneself as well as emotional states, such as triumph, despair, pride, and shame.

Mentally Ill

Individuals experiencing mental disorders that significantly affect their thinking, behavior, and emotions, impacting daily functioning.

Personality Disorders

Mental disorders characterized by enduring maladaptive patterns of behavior, cognition, and inner experience.