Luke, Lando and Leia decide to start a partnership called LLL Consulting on May 1, 2023. Each of them contribute a number of items to the partners which are listed below. Luke contributed $6,900 cash and a building he had purchased for $250,000. The building now has a market value of $275,000 Lando contributed $3,800 cash, equipment he had purchased for $27.200 and a note payable worth $23,000. The equipment has a market value of $24,480. Leia contributed $8,700 cash, furniture she has purchased for $12,100 and accounts payable worth $8,000. The furniture has a market value of $9,688 Prepare the journal entries to record the contributions of each partner. Do not enter dollar signs or commas in the input boxes. For transactions with more than one debit or credit. enter the accounts in alphabetical order.

Rand Company produces dry fertilizer. At the beginning of the year, Rand had the following standard cost sheet: Direct materials (8 lbs. @ $1.25) $10.00 Direct labor (0.15 hr. @ $18.00) 2.70 Fixed overhead (0.20 hr. @ $3.00) 0.60 Variable overhead (0.20 hr. @ $1.70) 0.34   Standard cost per unit $13.64 Overhead rates are computed using practical volume, which is 49,000 units. The actual results for the year are as follows: Units produced: 53,000 Direct materials purchased: 408,000 pounds at $1.32 per pound Direct materials used: 406,800 pounds Direct labor: 10,500 hours at $17.95 per hour Fixed overhead: $36,570 Variable overhead: $18,000 MPV=28,560 UNFAV   MUV=21,500 FAV   LRV=525 FAV   LEV=45,900 UNFAV   FIXED SPENDING VARIANCE= 7,170 UNFAV   FIXED VOLUME VARIANCE= 2,400 FAV   VARIABLE SPENDING= 150 UNFAV   VARIABLE EFFICIENCY= 4,335 UNFAV    Prepare journal entries for the following: The purchase of direct materials The issuance…

How can forwardrates be used for hedging purposes?

it is still incorrect, please find correct answer