The NVFT for an item under temporary importation and 1/60 partial GST Value of the item USD $275000 Exchange Rate 1.2635 Duty Rate 6 months $1737.31 $18415.51 6% $20844 None of the options
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- Q4 An analyst holds a set of forward contracts on euro, against usd (=hc). Compute the fair value of the contracts.(a) Purchased: eur 1m 60 days (remaining). Historic rate: 1.350; current rate for same date: 1.500; risk-free rates (simple per annum): 3% in usd, 4% in euro. (b) Purchased: eur 2.5m 75 days (remaining). Historic rate: 1.300; current spot rate: 1.5025; risk-free rates (simple per annum): 3% in usd, 4% in euro. (c) Sold: eur 0.75m 180 days (remaining). Historic rate: 1.400; current rate for same date: 1.495; risk-free rates (simple per annum): 3% in usd, 4% in euro.- BID RATE ASK RATE 01/04/2021 PHP= 0.0079097 OMR PHP= 0.0079363 OMR If an importer wants to convert OMR 1,000,000 against PHP, justify how much amount will he receive ?Sunland Company sold $131000 of goods and accepted the customer's $131000 10%, 1-year note receivable in exchange. Assuming 10% approximates the market rate of return, how much would be reported for the year ending december 31 if sales was made of june 30? $13100. $0 $3275 $6550
- 3 The forward rate is 0.8500-0.8650 euros to the 1$ What will a euro 2,000 receipt be converted to at the forward rate? A.$1,730 B.$2,312 C.$2,353 D. $1,70015. Calculate the current exchange rate AUD/GBP, given these two quotes: AUD/USD 0.5640-50 GBP/USD 1.5850-60 A. AUD/GBP 0.3558-62 B. AUD/GBP 0.3556-65 C. AUD/GBP 0.8945-55 D. AUD/GBP 0.8939-45 Which option is correct please show step by step calculations.Based on the next table, calculate the GBP/CHF quote. EUR/USD 1.15697 USD/JPY 105.230 GBP/USD 1.31946 USD/CHF 0.95564 AUD/USD 0.77415 USD/CAD 1.25365 NZD/USD 0.65306
- 1. The spot market quotes the exchange rate of the GHS to a CADS as GHS 3.562 while the 90-day forward quotes it at GH3.425. Required: Calculate the annualized forward premium or discount. 2. Suppose bid price for £=GHS6.27, ask price = GHS6.316. Required: Calculate the bid/ask spread.The Spot Exchange Rate is OMR 0.385030 = 1 USD and 90 days forward rate is OMR 0.394030 = 1USD (Home Currency is OMR, which is given as Direct quotes). Does the OMR is trading at premium or discount in 90 days forward market?2) XYZ has cash of FC 100,000 on both April 30 and May 31, 2010. The applicable spot rates for April 30 and May 31 are as follows: April 30: 1US = 5FC May 31: 1 US= 4FC How much is the FX transaction gain or loss on May 31, 2010.
- On June 1 Hammer Company purchased inventory from a foreignsupplier at a price of 75,000 FCU (FCU is “foreign currency units”)Hammer will make payment in three months on September 1.On June 1, Hammer entered into a forward contractmaturing on September 1 as a fair value hedgeof its FCU lliability.Prepare all journal entries, including adjusting entries, to recordthe transaction and the forward contract.Date Spot rate Forward rate*June 1 $0.80 $0.85June 30 $0.83 $0.84Sept. 1 $0.86*Forward rate is for a contract written on June 1 to mature on September 1.(Disregard the impact of any interest factor or discount rate.)On June 1 Hammer Company purchased inventory from a foreignsupplier at a price of 75,000 FCU (FCU is “foreign currency units”)Hammer will make payment in three months on September 1.On June 1, Hammer entered into a forward contractmaturing on September 1 as a fair value hedgeof its FCU lliability.Prepare all journal entries, including adjusting entries, to recordthe transaction and the forward contract.Date Spot rate Forward rate*June 1 $0.80 $0.85June 30 $0.83 $0.84Sept. 1 $0.86*Forward rate is for a contract written on June 1 to mature on September 1.(Disregard the impact of any interest factor or discount rate.) please provide table? first journal entry is no entry.On June 1 Hammer Company purchased inventory from a foreignsupplier at a price of 75,000 FCU (FCU is “foreign currency units”)Hammer will make payment in three months on September 1.On June 1, Hammer entered into a forward contractmaturing on September 1 as a fair value hedgeof its FCU lliability.Prepare all journal entries, including adjusting entries, to recordthe transaction and the forward contract.Date Spot rate Forward rate*June 1 $0.80 $0.85June 30 $0.83 $0.84Sept. 1 $0.86*Forward rate is for a contract written on June 1 to mature on September 1.(Disregard the impact of any interest factor or discount rate.) first entry is no entry. just a memo.
