American airlines is trying to decide how to go about hedging 70 million swiss francs in ticket sales receivable in 180 days. suppose it faces the following exchange and interest rates. spot rate: $0.6433-42/sfr forward rate (180 days): $0.6578-99/sfr dm 180-day interest rate (annualized): 4.01%-3.97% u. s. dollar 180-day interest rate (annualized): 8.01%-7.98% what is the hedged value of american’s ticket sales using a money market hedge? assume the first interest rate is the rate at which money can be borrowed and the second one the rate at which it can be lent.

Waterway company’s record of transactions for the month of april was as follows. purchases sales april 1 (balance on hand) 672 @ $6.00 april 3 560 @ $11.00 4 1,680 @ 6.08 9 1,568 @ 11.00 8 896 @ 6.41 11 672 @ 12.00 13 1,344 @ 6.51 23 1,344 @ 12.00 21 784 @ 6.61 27 1,008 @ 13.00 29 560 @ 6.79 5,152 5,936 (a) calculate average-cost per unit. (b) assuming that periodic inventory records are kept in units only, compute the inventory at april 30 using lifo and average-cost. (c) assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) fifo and (2) lifo. (d) compute cost of goods sold assuming periodic inventory procedures and inventory priced at fifo.