Belsen purchased inventory on december 1, 2015. payment of 100,000 stickles was to be made in sixty days. also on december 1, belsen signed a contract to purchase §100,000 in sixty days. the spot rate was §1 = .35714, and the 60-day forward rate was §1 = $.38462. on december 31, the spot rate was §1 = .34483 and the 30-day forward rate was §1 = .38168. assume an annual interest rate of 8% and a fair value hedge. the present value for one month at 8% is .9901.in the journal entry to record the establishment of a forward exchange contract, at what amount should the forward contract account be recorded on december 1? $0, since there is no cost there is no value for the contract at this date.$71,428.$588.$582.none of the above.

Common problems that can arise among groups. explain in four or five sentences what can cause the specific or general problem. in addition, explain what impact that conflict can have on group cohesion as well as productivity.

Belstone, inc. is a merchandiser of stone ornaments. it sold 15,000 units during the year. the company has provided the following information: sales revenue $ 520,000 purchases (excluding freight in) 338,500 selling and administrative expenses 32,000 freight in 15,000 beginning merchandise inventory 43,000 ending merchandise inventory 58,500 how much is the gross profit for the year?

P11.2a (lo 2, 4) fechter corporation had the following stockholders’ equity accounts on january 1, 2020: common stock ($5 par) $500,000, paid-in capital in excess of par—common stock $200,000, and retained earnings $100,000. in 2020, the company had the following treasury stock transactions. journalize and post treasury stock transactions, and prepare stockholders’ equity section. mar. 1 purchased 5,000 shares at $8 per share. june 1 sold 1,000 shares at $12 per share. sept. 1 sold 2,000 shares at $10 per share. dec. 1 sold 1,000 shares at $7 per share. fechter corporation uses the cost method of accounting for treasury stock. in 2020, the company reported net income of $30,000. instructions a. journalize the treasury stock transactions, and prepare the closing entry at december 31, 2020, for net income. b. open accounts for (1) paid-in capital from treasury stock, (2) treasury stock, and (3) retained earnings. (post to t-accounts.) c. prepare the stockholders’ equity section for fechter corporation at december 31, 2020.