Please help me On June 1, 2008, JOB Corporation, Japanese company bought goods from NNN Co, a Filipino Co. costing Y1,000,000 payable in fiveequal monthly installments starting July 1, 2008June 1YO.25July 1 AugustSpot ratesBuying Pl=Sept 1Y0.26YO.27 YO.30YO.27 YO.29 Y0.32Selling P1=Y0.28If JOB Corporation closes it books on October 31, 20083. What is the foreign exchange gain or loss to be recognized by JOB Corporation for the fiscal year ended October 31, 2008?b. (P6,000) c. POd. (P3,000)a(P2,000)Oct 31Y0.31YO.28Y0.33 YO.30Nov.1

The correct solution is : b. (6000)

On June 1, 2008, JOB Corporation, Japanese company bought goods from NNN Co, a Filipino Co. costing Y1,000,000 payable in fiv equal monthly installments starting July 1, 2008 July 1 August June 1 Y0.25 YO.27 Y0.30 YO.27 YO.29 Y0.32 Spot rates Buying Pl= Selling Pl= Sept 1 Oct 31 Nov.1 Y0.26 YO.28 Y0.31 YO.28 Y0.33 Y0.30 If JOB Corporation closes it books on October 31, 2008 3. What is the foreign exchange gain or loss to be recognized by JOB Corporation for the fiscal year ended October 31, 2008? a. (P2,000) b. (P6.000) c. PO d. (P3.000)

On June 1, 2008, JOB Corporation, Japanese company bought goods from NNN Co, a Filipino Co. costing Y1,000,000 payable in fiv equal monthly installments starting July 1, 2008 July 1 August June 1 Y0.25 YO.27 Y0.30 YO.27 YO.29 Y0.32 Spot rates Buying Pl= Selling Pl= Sept 1 Oct 31 Nov.1 Y0.26 YO.28 Y0.31 YO.28 Y0.33 Y0.30 If JOB Corporation closes it books on October 31, 2008 3. What is the foreign exchange gain or loss to be recognized by JOB Corporation for the fiscal year ended October 31, 2008? a. (P2,000) b. (P6.000) c. PO d. (P3.000)

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 6P

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