Week 7 Course Project Your Name. ACCT540 Professional Research in Accountants Jim Racic 2/16/2016

Facts: Thomas Foods wants to protect the company from the possibility of financial losses as it concerns increases in the price of produce from that the company gets from suppliers and vendors in the area. What could cause the large increases in pricing is the uncertainty of future weather conditions and how the weather conditions will affect the suppliers produce which will in turn affect the price of the produce sold to Thomas Foods. Thomas Foods believes that applying a hedge strategy towards their accounting practices would be the best answer to preserve the companys operating income. With the implementation of a possible hedge accounting program at the company, the...