The following outright quotations are given for the Canadian dollar:

Bid (CS/S) Ask (CS/$)
Spot rate 1.2340 1.2350
One moth forward 1.2345 1.2365
Three months forward 1.2367 1.2382
Six months forward 1.2382 1.2397

Assume you reside in the United States.

Assume you reside in the United States. Calculate forward quotes for the Canadian dollar as an annual percentage premium or discount. Would a foreign exchange trader in Canada get a different answer if asked to calculate the annual percentage premium or discount on the U. S. dollar for each forward rate? Why?

Moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job 400 was started and completed. the following information was available with respect to this job: direct materials $ 450 direct labor cost $ 210 machine-hours used 40