Items EUR/USD USD/MYR USD/SGD Spot (28 October 2018) 1.1017/18 4.2200/699 1.3917/87 1 Month 473/492 74/119 106/138 2 Month 103/106 152/202 225/285 3 Month -187/+187 278/228 36/42 The following rates are quoted by banks as at 28 October 2018. Based on the above rates, calculate the following (assume no margins or charges are imposed and all exchange controls/regulations are complied with): a. Quoting bank sells USD/MYR at value spot b. Quoting bank buys SGD/MYR fixed three month delivery c. Exporter sells USD/MYR option spot to 3 month d. Importer buys EUR/SGD 1 month to 2 month delivery

Items EUR/USD USD/MYR USD/SGD Spot (28 October 2018) 1.1017/18 4.2200/699 1.3917/87 1 Month 473/492 74/119 106/138 2 Month 103/106 152/202 225/285 3 Month -187/+187 278/228 36/42 The following rates are quoted by banks as at 28 October 2018. Based on the above rates, calculate the following (assume no margins or charges are imposed and all exchange controls/regulations are complied with): a. Quoting bank sells USD/MYR at value spot b. Quoting bank buys SGD/MYR fixed three month delivery c. Exporter sells USD/MYR option spot to 3 month d. Importer buys EUR/SGD 1 month to 2 month delivery

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter9: Receivables

Section: Chapter Questions

Problem 19E: Determine the due date and the amount of interest due at maturity on the following notes dated in...

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Question Items EUR/USD USD/MYR USD/SGD Spot (28 October 2018) 1.1017/18 4.2200/699 1.3917/87 1 Month 473/492 74/119 106/138 2 Month 103/106 152/202 225/285 3 Month -187/+187 278/228 36/42 The following rates are quoted by banks as at 28 October 2018.Based on the above rates, calculate the following (assume no margins or charges areimposed and all exchange controls/regulations are complied with):a. Quoting bank sells USD/MYR at value spotb. Quoting bank buys SGD/MYR fixed three month delivery c. Exporter sells USD/MYR option spot to 3 month d. Importer buys EUR/SGD 1 month to 2 month delivery
Items EUR/USO USD/MYR USD/SGD SPOT (28 october 20L8) 1.1017/18 4.2200/099 1.3917/87 1 MONTH 437/492 74/119 106/138 2 MONTH 10/106 152/202 225/285 3 MONTH 187/+187 278/228 36/42 Table 1: quoted by banks as at 28 October 201s. Based on the above rates, calculate the following (assume no margins or charges are imposed and all exchange controls/regulations are complied with): a. Quoting bank sells USD/MYR at value spot b. Quoting bank buys SGD/MYR fixed 3 month delivery c. Exporter sells USD/MYR option spot to 3 month d. Importer buys EUR/SGD 1 month to 2 month delivery
How do I prepare the rates receivables give that Rates Receivables: Owing at 1 January 2019 $100; Paid during financial year $600; Owing at 31 December 2019 $150
The current portion of long-term notes receivable as of December 31, 2018 is
Accounts Receivable as of December 31, 2020 should amount to: *A. 180,000B. 330,000C. 525,000D. 555,000
Suppose the face amount of the notevwas adjusted to include nonbearing interest note andc12% is yhr bank's statedvdiscountvrate prepare the journal entry to record the issuance of the nonbearing note by schilling on November 1, 2012
What is the interest income for 2022? Based on preceding data, what is the carrying value of the note receivable on December 31, 2022?
In Set’ Dec. 31, 2020 statement of financial position, how much should be the accounts payable? *see attached a. P 1,410,000b. P 1,485,000c. P 1,462,500d. P 1,425,000
Walmart Inc (WMT) has the following excerpts from their financial statements January 31, 2022 January 31, 2021 Net Receivables * (in $ Millions) 8,280 6,516 *Net Receivable = Gross receivable minus Allowance Walmart’s fiscal year “FY22” is defined as the period between February 1, 2021 – January 31, 2022 Gross (Accounts) Receivables, January 31, 2022: $9,265 Million Gross Receivables, January 31, 2021: $7,421 Million Accounts Written-off in FY 22 $221 Million 2% of credit sales is assumed to be uncollectable CALCULATE The ending balance of Allowance for uncollectable accounts as of January 31, 2022 Bad Debt Expense for the fiscal year ending on January 31, 2022. Collections during FY22
Label all final answers with the correct units, if applicable. Unless otherwise stated, use 4 decimal places for intermediate computations of interest rates (if needed) then round off final answers to two decimal places. For monetary amounts, use 2 decimal places even for intermediate computations. 6. Consider a bank account with the following transactions for the month of June 2021: No. of Days Balance is Balance June Deposit Withdraw for the Day Unchanged * 1 20,000 20,000 * * 14 16,500 10,500 * 21 11,000 * * 30 16,500 4,000 a. Supply the correct data in the boxes marked with * b. What is the average daily balance for this account for the month of June? c. If a bank advertises an interest rate of 1.5% per year compounded monthly, what is the total interest earned for this month?
assume that at 30 June 2018:accounts receivable balance is $3543
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Items	EUR/USD	USD/MYR	USD/SGD
Spot (28 October 2018)	1.1017/18	4.2200/699	1.3917/87
1 Month	473/492	74/119	106/138
2 Month	103/106	152/202	225/285
3 Month	-187/+187	278/228	36/42