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4 years ago

Commodity futures contracts can be bought and sold on the open market for which reason

Business

1 answer:

timama [110]4 years ago

7 0

Answer:

Futures contracts are derivatives. Their price is derived from one or more underlying assets. Due to their nature as commodities, a buyer can agree to purchase at a predetermined price; and a seller can agree to sell that quantity at the agreed-upon price.

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The master budget of Sheridan Company shows that the planned activity level for next year is expected to be 50000 machine hours.

barxatty [35]

Answer:

$1,350,000

Explanation:

Calculation to determine the total manufacturing overhead costs

First step is to calculate the Variable overhead

Variable overhead= $720,000 + $180,000 +$150,000

Variable overhead=$1,050,000

Second step is to calculate Unitary variable overhead

Unitary variable overhead= $1,050,000/50,000

Unitary variable overhead= 21

Now let calculate the total manufacturing overhead costs

For 60,000 units:

Total Manufacturing Overhead Costs = 21*60,000 + 90,000

Total Manufacturing Overhead Costs= $1,350,000

Therefore the total manufacturing overhead costs is $1,350,000

6 0

3 years ago

Plz help me i need this before i can go on plz

victus00 [196]

A practicing dentist

7 0

3 years ago

Read 2 more answers

If the reserve ratio is 20% and a bank accepts $10,000 in demand deposits from the public, then it would have to keep ______ in

Iteru [2.4K]

If the reserve ratio is 20% then the amount that a bank would keep in reserves after accepting the demand deposits is $2,000.

<h3>How much would the bank keep?</h3><h3 />

The reserve ratio refers to the percentage of deposits that banks have to keep as reserves in the Fed.

If this rate is 20%, the bank would therefore have to keep:

= 10,000 x 20%
= $2,000

In conclusion, the bank would keep $2,000.

Find out more on the reserve ratio at brainly.com/question/13758092.

#SPJ1

3 0

2 years ago

In 2016, General Dynamics Corporation began selling a new line of products that carries a two-year warranty against defects. Bas

Shtirlitz [24]

Answer:

C) 38,000

Explanation:

The estimated warranty liability for 2017:

= [2016 sales x (first + second year warranty costs)] + [2017 sales x (first + second year warranty costs)] - (warranty expenses for 2016 and 2017)

= [$600,000 x (2% + 5%)] + [$800,000 x (2% + 5%)] - ($20,000 + $40,000)

= $42,000 + $56,000 - $60,000 = $38,000

4 0

4 years ago

Business reports are often systematic compilations of complex information; therefore, the best reports are methodically develope

Oksana_A [137]

<u>Solution and Explanation:</u>

Answer 1 “Develop a scope statement.”

<u>Explanation</u>: A scope statement will define the outline of the project deliverables, identify the project constraints, assumptions, and success factors. It will clearly define the boundaries of the project

Answer 2 “What do my readers need to know about this topic?”

<u>Explanation</u>: You need to share the information which is relevant for the reader and you need to identify with all the audience requirements.

Answer 3 “It will help you identify issues to be investigated and possible solutions.”

<u>Explanation</u>: "Breaking a major issue into subproblems is a powerful tool for solving problems by breaking them into smaller and more easily solved pieces."

7 0

4 years ago