On May 8, 2019, Jett Company (a U. S. company) made a credit sale to Lopez (a Mexican company). The terms of the sale required Lopez to pay 800,000 pesos on February 10, 2020. Jett prepares quarterly financial statements on March 31, June 30, September 30, and December 31. The exchange rates for pesos during the time the receivable is outstanding follow: May 8, 2016 $0.1323
June 30, 2016 0.1352
September 30, 2016 0.1368
December 31, 2016 0.1335
February 10, 2017 0.1386

Required:
Compute the foreign exchange gain or loss that Jett should report on each of its quarterly income statements for the last three quarters of 2016 and the first quarter of 2017. Also compute the amount reported on Jett’s balance sheets at the end of each of its last three quarters of 2016.

Burke enterprises is considering a machine costing $30 billion that will result in initial after-tax cash savings of $3.7 billion at the end of the first year, and these savings will grow at a rate of 2 percent per year for 11 years. after 11 years, the company can sell the parts for $5 billion. burke has a target debt/equity ratio of 1.2, a beta of 1.79. you estimate that the return on the market is 7.5% and t-bills are currently yielding 2.5%. burke has two issuances of bonds outstanding. the first has 200,000 bonds trading at 98% of par, with coupons of 5%, face of $1000, and maturity of 5 years. the second has 500,000 bonds trading at par, with coupons of 7.5%, face of $1000, and maturity of 12 years. kate, the ceo, usually applies an adjustment factor to the discount rate of +2 for such highly innovative projects. should the company take on the project?