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    #Tugas AKL

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    kurniawan rosid
    This document contains information about forward contracts for rice and coal. It provides the forward and spot rates on different dates, as well as the present value, future value, and rate for a rice forward contract. It also includes journal entries to record the gains and losses on the forward contracts and firm purchase/sales commitments on the applicable dates.

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    #Tugas AKL

    Uploaded by

    kurniawan rosid
    44 views5 pages
    This document contains information about forward contracts for rice and coal. It provides the forward and spot rates on different dates, as well as the present value, future value, and rate for a rice forward contract. It also includes journal entries to record the gains and losses on the forward contracts and firm purchase/sales commitments on the applicable dates.

    Original Description:

    tugas akuntansi lanjutan 2

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    This document contains information about forward contracts for rice and coal. It provides the forward and spot rates on different dates, as well as the present value, future value, and rate for a rice forward contract. It also includes journal entries to record the gains and losses on the forward contracts and firm purchase/sales commitments on the applicable dates.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    44 views5 pages

    #Tugas AKL

    Uploaded by

    kurniawan rosid
    This document contains information about forward contracts for rice and coal. It provides the forward and spot rates on different dates, as well as the present value, future value, and rate for a rice forward contract. It also includes journal entries to record the gains and losses on the forward contracts and firm purchase/sales commitments on the applicable dates.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    You are on page 1of 5

    E 13-3

    300000 bushels 4.3

    forward rate spot rate PV $ 1,260,000


    1-Nov $ 4.30 $ 4.20 FV $ 1,290,000
    31-Dec 4.25 RATE 0.007874340
    31-Jan 4.5 4.5

    Date forward rate Price Differentiation


    1-Nov $ 4.30 $ 1,290,000.00
    31-Dec $ 4.25 $ 1,275,000.00 $ -15,000.00 -14900
    31-Jan $ 4.50 $ 1,350,000.00 $ 60,000.00 45100

    Journal Entry?
    a November 1, 2016
    No entry

    b December 31, 2016


    Loss on forward contract $ 14,900
    forward contract $ 14,900

    Firm purchase commitment $ 14,900


    Gain on firm purchase commitmnet $ 14,900

    c January 31, 2017


    Forward contract $ 14,900
    Forward contract $ 60,000
    Gain on forward contract $ 74,900

    Loss on firm purchase commitmen $ 74,900


    Firm purchase commitment $ 14,900
    Firm purchase commitment $ 60,000

    Rice inventory $ 1,290,000


    Firm purchase commitment $ 60,000
    Cash $ 1,350,000

    Cash $ 60,000
    Forward contract $ 60,000

    2
    Cash $ 1,500,000
    Sales $ 1,500,000

    Cost of goods sold $ 1,290,000


    Inventory $ 1,290,000
    cash flow kurs turun bayar rendah,
    FV bisa mengakui langsung cf
    Cash flow hed OCI
    E 13-3
    CASH FLOW

    200000 8% 0.0066666667 1.0066666667


    Diketahui
    Sales
    Nov-01 55.25
    Dec-31 55.1
    Jan-31 55.5

    Jornal Entry
    1 November 1, 2016
    No entry

    2 December 31, 2016


    Forward contract $ 29,801
    Gain on forward contract $ 29,801

    Loss on firm sales commitment $ 29,801


    Firm sales commitment $ 29,801

    3 January 31, 2017


    Loss on forward contract $ 79,800
    Forward contract $ 79,800

    Firm sales commitment $ 79,800


    Gain on firm sales commitment $ 79,800

    Cash from firm sales commitment $ 11,050,000


    Coal inventory $ 11,050,000
    Cost of goods sold $ 11,050,000
    Gain on firm sales commitment $ 50,000
    Cash for forward contract purchase $ 11,050,000
    Coal inventory $ 11,050,000
    Sales $ 11,100,000
    E 13-4
    FAir Value
    Diketahui
    Inventory 200000 2
    Contract 200000 2.3 8% 0.0066666667 1.0066666667

    price
    Oct-01 1.8
    Dec-31 2.8
    Jan-31 2.5

    Journal Entry
    October 1, 2016
    Earnings $ 97,377 Forward contract
    Forward contract $ 97,377 Earning

    Inventory $ 100,000 Loss on inventory


    Earnings $ 100,000 Inventory

    December 31, 2016


    Forward contracts $ 99,338 Earning
    Earnings $ 99,338 Forward Contract

    Earnings $ 100,000
    Inventory $ 100,000

    January 31, 2017 net settle tidak menerima inventory


    Cash $ 460,000 Forward contract
    Earnings $ 1,961 Cash
    Forward contract $ 461,961 Gain on forward contract

    Cash $ 460,000
    Inventory $ 460,000
    97377.192026
    97377.192026

    40000
    40000

    99337.748344
    99337.748344

    hedge jual

    40000
    rward contract

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