1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kazeer [188]
3 years ago
5

The contract size for platinum futures is 50 troy ounces. Suppose you need 500 troy ounces of platinum and the current futures p

rice is $1,265 per ounce. How many contracts do you need to purchase? How much will you pay for your platinum? What is your dollar profit if platinum sells for $1,290 a troy ounce when the futures contract expires? What if the price is $1,210 at expiration?a. Contracts to purchase b. Purchase price c. Dollar profit at $1,290 d. Dollar profit at $1,210
Business
1 answer:
olga55 [171]3 years ago
8 0

Answer:

Explanation:

a) Contract to purchase = 500 troy ounces / 50 = 10 contracts

b) Purchase price = 500 ounces × $ 1265 = $ 632500

c) Dollar profit at $ 1290 = 500  ( $ 1290 - $ 1265) = $ 12500

d) Dollar profit at $ 1290 = 500 ( $1210 - $1265) = $- 27500

You might be interested in
During the taking of its physical inventory on December 31, Almond Supplies Company incorrectly counted its inventory as $545,00
IceJOKER [234]

Answer and Explanation:

The effect of undervaluation of Inventory is shown below:-

Inventory Understated = Inventory counted + Correct value of inventory

= $545,000 - $554,000

= $9,000

Now, the effect of undervaluation of Inventory is

Cost of goods overstated by $9,000

Net income understated by $9,000

Retained earning understated by $9,000

Assets (Current assets - Inventory) understated by $9,000

5 0
3 years ago
Mario's is a pizza and pasta producer that experiences increasing opportunity cost. (a) Draw a production possibilities frontier
Bad White [126]

Answer:

(in the graph)

Explanation:

The PPF will show how Mario can only do as much of pizza and pasta and there is a certain point at which producing additional units of pasta or pizza comes at the cost of resinging a unit of the other good.

The points over the line and below the lien are attainable.

While those above the frontier are unattainable for Mario's current factor disposition.

3 0
3 years ago
The largest amount of money the government lays out is for the transfer program, _____. And its largest expenditure is for _____
serg [7]
The largest amount of money the government lays out is for the transfer program, Social Security. And its largest expenditure is for national defense. America is quite known for spending a lot of money on defending itself from any possible threat. 
5 0
3 years ago
Read 2 more answers
A __________ is an example of an external user of financial information.
Alchen [17]
<span>External users are people outside the business entity (organization) who use accounting information. Examples of external users are suppliers, banks, customers, investors, potential investors, and tax authorities.</span>
7 0
3 years ago
Write a sample professional greeting you would record on your professional cell phone to be heard by employers and recruiters if
satela [25.4K]
This is going to based on the job you are working for, so for instance, if you are working for a doctors office (or you are an on call doctor) you would want to make sure that you leave an emergency contact number for the people calling.
Other jobs it would always be good to leave an alternate number to contact someone when you are out of the office, or just to reach someone to get information or finalize a deal. 

You will always want to make sure you leave your name. 

Hello, you have reached _____. I am unfortunately not able to come to the phone right now, or I am currently out of the office. Please feel free to contact me via email at [email protected]__.com or at this number if it is an emergency ___-___-____. I will be sure to give you a call back as soon as possible. 

Thank you for calling.

I would recommend writing it down so you know what you are going to say. Practice it some, and smile when you are saying it so you have that pleasant tone.<span />
7 0
3 years ago
Other questions:
  • Joseph is an unemployed yard landscaping worker who is trying to find employment as he last had work seven months ago. He is now
    10·1 answer
  • Antonio would like to replace his golf clubs with a​ custom-measured set. A local sporting goods megastore is advertising custom
    6·1 answer
  • Examples of humans depicted with the features of lions, bison, stags, or even plants suggests A. The existence of a religious li
    12·1 answer
  • The auto repair shop of Quality Motor Company uses standards to control the labor time and labor cost in the shop. The standard
    8·1 answer
  • Solutions Group managers suggest that clients consider doing a resonance test when designing advertising, because this will help
    12·1 answer
  • What do you need to become a business development manager
    14·1 answer
  • Which cell organelle is most similar in function to an organism’s nervous<br> system? true or false
    10·1 answer
  • Assign each of the following to the correct category: A full-time college student multiple choice 1 Employed Unemployed Not in t
    9·1 answer
  • Information systems in general are helpful because they are used for making informed decisions using more accurate reports. Howe
    10·1 answer
  • An investor purchased 50 shares of stock in a company in 2015. At the time the investor purchased the stock, the value of the st
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!