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1 year ago

Which one of the following stock index futures has a multiplier of $50 times the index value?

Business

1 answer:

fiasKO [112]1 year ago

8 0

Mini-Russell 2000 stock index futures has a multiplier of $50 times the index value.

<h3>What is Mini-Russell 2000?</h3>

The Russell 2000 Index covers 2000 small cap stocks across a wide range of US economic sectors.
It is a broad-based, market capitalization-weighted index. Generally speaking, the Russell 2000 index is regarded as a significant benchmark for small-cap U.S. stocks.
The E-mini Russell 2000 Index Futures Contract enables market participants to speculate on the Russell 2000 Index's performance.
The central limit order book (CLOB), block trades, BTICs (basis trade at index closing), and EFPs are all ways that market players can place orders.
Sunday through Friday, from 5 pm to 4 pm central time, the E-mini Russell 2000 Index Futures Contract is open for trading. Daily trading is halted from 3:15 to 3:30 pm central time.

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the two industries most commonly receiving protection are? a. agriculture and steel. b. pharmaceuticals and steel. c. agricultur

svet-max [94.6K]

Agriculture and clothing are the two industries receiving protection.

Protectionism in agricultural trade takes numerous shapes from charges and red tape at the border to so-called non-tariff measures such as agricultural and nourishment security guidelines that surpass those suggested by international public health bodies. The World Trade Organization (WTO) does not set benchmarks but emphatically energizes part nations to utilize universally acknowledged science-based benchmarks at whatever point available along with that The textile and apparel sectors are the foremost ensured segments within the world. not at all like the assurance managed other manufactured items, the materials and apparel segments within the created nations show up to be the beneficiaries of changeless security. Beneath the MFA, trades from creating nations are restricted by sending out shares coming about from bilateral courses of action arranged with bringing in created nations. MFA was at first aiming to supply an efficient but controlled liberalization of universal exchange in materials and attire.

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5 0

1 year ago

"Lizard National Bank purchases a three-year interest rate cap for a fee of 2 percent of notional principal valued at $50 millio

Bingel [31]

Answer: $500,000

Explanation:

An Interest Rate Cap is a Derivative Financial Instrument that works by paying the buyer for every year that the interest rate ceiling is exceeded.

Using the scenario above this is how it's works,

There is an Interest Rate Ceiling of 11%.

Any year that index which is this case is the London Interbank Official Rate (LIBOR) exceeds the 11%, the seller will pay the buyer the difference between the LIBOR and the Interest Rate Ceiling.

The Notional Principal is the amount on which the interest is based.

That means that in Year 1 with a LIBOR of 9 percent, the seller does not pay.

Second year LIBOR is 12 percent, the seller will pay 1% (12% - 11%)

Third year LIBOR is 13 percent, the seller will pay 2% (13% - 11%)

Lizard National Bank had to pay 2% of the notional Principal as a fee.

The amount that Lizard Receives from the seller is therefore,

= Total Received - Fees

= (1% + 2% - 2%) * 50,000,000

= 1% * 50,000,000

= $500,000

The total payments received by Lizard, including the initial fee, are $500,000.

4 0

3 years ago

A good percentage to start with for saving is ________________ percent of your teaching income.

Alja [10]

A good percentage to start with for saving is. At least 20% percent of your teaching income

The term "revenue" generally refers to the transfer of money, property, and other value received over a period of time in exchange for services or products. There is no single standard definition. Income is defined according to the context in which the concept is used.

While individuals usually earn their income through wages or salaries, businesses generate income from the sale of goods or services in excess of their production costs. Most forms of income are subject to tax.

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6 0

2 years ago

On January 1, 2017, Shamrock Inc. issued $400,000 of 7%, 5-year bonds at par. Interest is payable semiannually on July 1 and Jan

balandron [24]

Answer and Explanation:

The journal entries are shown below:

On Jan 1

Cash $400,000

To Bonds payable $400,000

(Being the bond is issued for cash)

For recording this we debited the cash as it increased the assets and at the same time it increased the liabilities so the bond payable is credited

On July 1

Interest expense $14,000

To Cash $14,000

(Being the payment of interest is recorded)

The computation is shown below:

= $400,000 × 7% × 6 months ÷ 12 months

= $14,000

For recording this we debited the expenses as it increased the expenses and at the same time it decreased the assets so the cash is credited

On Dec 31

Interest expense $14,000

To Interest payable $14,000

(Being the accrual of interest is recorded)

For recording this we debited the expenses as it increased the expenses and at the same time it increased the liabilities so the interest payable is credited

4 0

4 years ago

Nolan Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close

algol13

Answer:

Balance as per cash book $ 20,621

Less: Debit memorandum $ ( 22)

Add: Interest earned on bank balance $ 34

Add: Correction of error <u>$ 9</u>

Adjusted balance per cash book $ 20,642

Balance as per bank statement $ 19,791

Add: Deposits in Transit $ 3,333

Less: Outstanding checks <u>$ ( 2,482)</u>

Adjusted balance per bank statement $ 20,642

Explanation:

The debit memorandum from the bank has to be adjusted from the cash book. This is only known from the bank statement

The interest earned on the bank balance is only known from the bank statement and has to be adjusted in the cash book

The correction of error needs to be corrected in the cash book.

The deposits in transit have been recorded in the cash book so no adjustment is needed there. The money has not been deposited so the bank statement balance has to be added thereto,

The checks issued by the Company, have been properly recorded in the cash book, however, since the checks have not been encashed the bank balance needs to be reduced to reconcile the balance.

3 0

4 years ago