Suppose that one year ago the government in mexico has announced to keep the par value of the peso against the us dollar at 5, with the commitment to maintain the value of the peso against the us dollar within a band of 3% of its par value. in the last two months, demand for us dollars in mexico has been very strong, and the market value of the us dollar has been exceeding the +3% upper band. the press reports that the government and the central bank of mexico are having a series of meetings to decide on a change on the par value of the peso against the us dollar. as a rational

a) you should sell us dollars today (for a maximum of pesos 4.85), and buy dollars back at the expected higher future par value

b) you should sell us dollars today (for a maximum of pesos 5.15) and buy dollars back at the expected higher par value in the future

c) you should buy us dollars today (for a maximum of pesos 5.15), and sell them back for pesos at the expected higher par value in the future

d) you should buy us dollars today for any price greater than 5.25 pesos, and sell them in the future back for pesos only if the par value is unchanged. if it is raised, hold on to your dollars

Prepare journal entries for each transaction and identify the financial statement impact of each entry. the financial statements are automatically generated based on the journal entries recorded. apr. 1 tanner invested $80,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock.apr. 2 the company prepaid $9,000 cash for 12 months' rent for office space. the company's policy is record prepaid expenses in balance sheet accounts.apr. 3 the company made credit purchases for $8,000 in office equipment and $3,600 in office supplies. payment is due within 10 days.apr. 6 the company completed services for a client and immediately received $4,000 cash.apr. 9 the company completed a $6,000 project for a client, who must pay within 30 days.apr. 13 the company paid $11,600 cash to settle the account payable created on april 3.apr. 19 the company paid $2,400 cash for the premium on a 12-month insurance policy. the company's policy is record prepaid expenses in balance sheet accounts.apr. 22 the company received $4,400 cash as partial payment for the work completed on april 9.apr. 25 the company completed work for another client for $2,890 on credit.apr. 28 the company paid $5,500 cash in dividends.apr. 29 the company purchased $600 of additional office supplies on credit.apr. 30 the company paid $435 cash for this month's utility bill.