Your firm is a u. k.-based exporter of bicycles. you have sold an order to a french firm for €1,000,000 worth of bicycles. payment from the french firm (in euro) is due in 12 months. use a money market hedge to redenominated this one-year receivable into a pound-denominated receivable with a one-year maturity. contract size country u. s. $ equiv. currency per u. s. $ £ 10,000 britain (pound) $ 1.9600 £ 0.5102 interest apr 12 months forward $ 2. £ 0.5000 rates € 10,000 euro $ 1.5600 € 0.6410 i$ = 1 % 12 months forward $ 1.6000 € 0.6250 i€ = 2 % sfr. 10,000 swiss franc $ 0.9200 sfr. 1.0870 i£ = 3 % 12 months forward $ 1. sfr. 1. isfr . = 4 % the following were computed without rounding. select the answer closest to yours. a) £72,352.94 b) £780,312.13 c) €800,000 d) £803,721.49'

In its first year of operations, crane company recognized $31,700 in service revenue, $7,700 of which was on account and still outstanding at year-end. the remaining $24,000 was received in cash from customers. the company incurred operating expenses of $16,600. of these expenses, $12,690 were paid in cash; $3,910 was still owed on account at year-end. in addition, crane prepaid $3,260 for insurance coverage that would not be used until the second year of operations.

Partnerships are the most common type of business firms in the world. t/f

Employees at a library check out books to patrons. books have an isbn and a name. the library sometimes has multiple copies of the same book. books have one or more authors. a patron is an individual who has an active (non-expired) library card. for each library card, we store the person's first and last names and their address. for each employee, we store their employee id, current salary, first and last name and their address. we also store the employee id of their current manager. each time we check out a book to a patron we need to store the date of the transaction, the employee who checked out the book to the patron, and the library card of the patron. some employees have library cards. if an employee patron turns in a book late, the fine that they pay is a percentage of their salary. some employees are authors who have library cards—they are allowed to check out as many books as they like.