On november 1, year 1, black lion company forecasts the purchase of raw materials from an argentinian supplier on february 1, year 2, at a price of 200,000 argentinian pesos. on november 1, year 1, black lion pays $1,200 for a three-month call option on 200,000 argentinian pesos with a strike price of $0.35 per peso. the option is properly designated as a cash flow hedge of a forecasted foreign currency transaction. on december 31, year 1, the option has a fair value of $900. the following spot exchange rates apply: date u. s. dollar per argentinian peso november 1, year 1 $ 0.35 december 31, year 1 0.30 february 1, year 2 0.36 what is the net impact on black lion company’s year 1 net income as a result of this hedge of a forecasted foreign currency purchase?

(a) what was the opportunity cost of non-gm food for many buyers before 2008? (b) why did they prefer the alternative? (c) what was the opportunity cost in 2008? (d) why did it change?

Portia grant is an employee who is paid monthly. for the month of january of the current year, she earned a total of $8,388. the fica tax for social security is 6.2% of the first $118,500 earned each calendar year and the fica tax rate for medicare is 1.45% of all earnings. the futa tax rate of 0.6% and the suta tax rate of 5.4% are applied to the first $7,000 of an employee's pay. the amount of federal income tax withheld from her earnings was $1,391.77. what is the total amount of taxes withheld from the portia's earnings?

Acontractor was awarded a purchase order for commercial items for $1.5 million under the authority of far subpart 13.5. the purchase order was issued in november 2010 and containedall applicable clauses that were current as of the date of the purchase order. under the purchase order, the contractor is required to comply with a small business subcontracting plan that contains all of the required elements. which of the following is true? a. the contractor must submit a standard form 294, subcontracting report for individual contracts. b. the contractor must submit an individual subcontracting report through the electronic subcontracting reporting system (esrs). c. the contractor may submit either an sf 294 or report its subcontracting through esrs. d. the contractor is not required to submit any subcontracting reports.