Answer:
a. Short futures
b. $37,500
Explanation:
Since the price of the future coffee would be lower than the future prices so it would reflect the short futures, not the long futures
And, the impact would be
= Number of coffee pounds × number of contract position × coffee price per pound in cents
= 37,500 pounds × 10 × 0.10
= $3,7500
We simply multiply the coffee pounds, contract position and per pounds in cents so that the accurate value can come.
The correct answer that would best complete the given statement above would be the term LAW OF DEMAND. The law of demand states that <span>the quantity demanded of a product varies inversely with its price, as long as other things do not change. Hope this answers the question. </span>
<span>what is the price-earnings ratio</span> is 17.1
Closing entries are necessary for temporary accounts only.
A closing entry involves shifting data from temporary accounts on the income statement to permanent accounts on the balance sheet. This closing entry is a journal entry which is made at the end of the accounting period.
The temporary accounts include expenses, revenue, dividends, and so these accounts are to be closed at the end of the accounting year. Thus, the purpose of closing entry is to reset the temporary account balances to zero on the general ledger.
Hence, temporary accounts are used to record accounting activity during a specific period of time.
To learn more about closing entries here:
brainly.com/question/28199222
#SPJ4
Answer:
18.60%
Explanation:
Total labor force = $8 million + $35 million = $43 million
Unemployment Rate = (Unemployed/Labor force)*100
Unemployment Rate = $8 million/$43 million * 100
Unemployment Rate = 0.1860465 * 100
Unemployment Rate = 18.60%
