Answer:
a. The initial remittance is the same as the initial margin requirement of $3,000.
b. The profit is;
= 100 ounces * ( 1,005 - 1,000)
= $500
Return is;
= Profit/ Margin
= 500/3,000
= 16.67%
c. The loss is;
= 100 * ( 1,000 - 998)
= -$200
d. If the futures price declines to $984, what must the speculator do?
Depends on if the maintenance requirement is still below the balance.
= 3,000 - 100 * (1,000 - 984)
= $1,400
This is below the maintenance margin of $1,500 and so the speculator will have to deposit an amount that will take it back to the original margin requirement.
= 3,000 - 1,400
= $1,600
Speculator should deposit $1,600.
e. = 3,000 - 100 (1,000 - 982)
= $1,200
Answer: 25.22%
Explanation:
Given that,
Annual revenue = $134,000
Annual expenses = $76,000
Oil well cost = $449,000
Salvage value = $11,000
Annual net income = Annual revenue - Annual expenses
= $134,000 - $76,000
= $58000
Average Investment = 
= $230000
Annual rate of return = 
= 25.22%
Answer:
The billing function should be assigned to persons other than those responsible for maintaining accounts receivable subsidiary records.
Explanation:
The first choice it's considered an effective Internal control procedure for accounts receivable.
This is because it is not safe that the person who prepares the billing is the same who record cash receipts or any other document over the account receivables.
This is what we call Segregation of Duties and this is an internal control determined to avoid fraud or error.
Answer:
A. Constraint
Explanation:
A project constraint is a limit to a project. The three most common types of project constraints are:
- Scope constraint - the project can be very ambitious and try to become a market leader, or it can be very niche and limited in scope.
- Budget constraint - the project can have a very large budget, or it could be limited by very scarce economic resources.
- Time constraint - the project might have to be completed in a long or in a short period of time.
In this case, as a project manager of BHY, your project has a time constraint: you must completed it by December 1, no matter what.
I guess the correct answer is the GDP deflator but not in the consumer price index.
A decrease in the price of domestically produced nuclear reactors will be reflected in the GDP deflator but not in the consumer price index.
