The last step in solving a linear programming model manually with the simplex method is to convert the model into standard form

A shared vision provides a starting point for cultural and organizational transition

Indicate whether the statement is true or false

On November 1, 2016, a U.S. company purchased inventory from a foreign supplier for 100,000 FC, with payment to be made on January 31, 2017, in FC

To hedge against fluctuations in exchange rates, the firm entered into a forward exchange contract on November 1 to purchase 100,000 FC on January 31, 2017 . The U.S. firm has a December 31 year end for accounting purposes. The following exchange rates may apply: Date Spot Rate Fwd. Rate 11/1/16 $0.15 $0.13 12/31/16 $0.16 $0.14 1/31/17 $0.165 $0.165 Discount rate = 12% Required: Make all the necessary journal entries for the U.S. firm relative to these events occurring between November 1, 2016, and January 31, 2017 .