On December 15, 20X6, MMM Co. ordered €325,000 of inventory from a supplier in France. The goods are scheduled to be delivered on January 15, 20X7, and payment in full is due at that time. MMM immediately entered into a forward rate agreement to purchase €325,000 of inventory on the scheduled delivery date. The inventory was received and payment made on January 15. MMM’s year end is December 31. Exchange rate information follows: Date Spot rate Forward rate for delivery on January 15, 20X7 December 15, 20X6 €1 = C$1.40 €1 = C$1.3925 December 31, 20X6 €1 = C$1.38 €1 = C$1.3775 January 15, 20X7 €1 = C$1.35 €1 = C$1.3500 MMM elects to use hedge accounting to account for the fair value hedge. What is the amount of net foreign exchange gain or loss to be reported on the SCI for the period ended December 31, 20X6? a) $4,875 loss
b) $0
c) $1,625 gain
d) $4,875 gain

8. agreement and disagreement among economists suppose that bob, an economist from a university in arizona, and cho, an economist from a public television program, are arguing over saving incentives. the following dialogue shows an excerpt from their debate: cho: i think it's safe to say that, in general, the savings rate of households in today's economy is much lower than it really needs to be to sustain an improvement in living standards. bob: i think a switch from the income tax to a consumption tax would bring growth in living standards. cho: you really think households would change their saving behavior enough in response to this to make a difference? because i don't. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? rent ceilings reduce the quantity and quality of available housing. immigrants receive more in government benefits than they contribute in taxes. having a single income tax rate would improve economic performance.

Josie just bought her first fish tank a 36 -gallon glass aquarium, which she’s been saving up for almost a year to buy. for josie, the fish tank is most likely what type of purchase

Suppose the real risk-free rate and inflation rate are expected to remain at their current levels throughout the foreseeable future. consider all factors that affect the yield curve. then identify which of the following shapes that the u. s. treasury yield curve can take. check all that apply.