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Bad White [126]
3 years ago
8

A trader sold short a cotton futures contract @ 76.12 cents per pound. The contract size is 50,000 pounds. How much does the tra

der gain or lose in DOLLARS if he closed out his contract when the futures price is 72.41 cents per pound? Keep zero decimal points. If it is a loss, please enter a negative number.
Business
1 answer:
vladimir2022 [97]3 years ago
7 0

Answer:

Gain of  $1,855    

Explanation:

Data provided in the question:

Actual Selling price = 76.12 cents per pound = $0.7612 per pound

Price at the closing = 72.41 cents per pound = $0.7241 per pound

The size of the contract = 50,000

Now,

The gain or loss = (Actual selling price - Price at closing ) × size of contract

= ( $0.7612 - $0.7241 ) × 50,000

= 0.0371 × 50,000

= $1,855          [positive value mean gain ]

Hence,

Gain of  $1,855    

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Answer:

The correct answer is letter "D": pertains to sub-units of the entity and may be very detailed.

Explanation:

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Answer:

A. The business cycle

Explanation:

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Other periods of a business cycle may include peak, trough etc.

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3 years ago
When sales agent jane first contacted john, after her three-month vacation to barbados, was seller john her client?
Mashutka [201]

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<h3>Who is a sales agent?</h3>

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Learn more about sales agent here:brainly.com/question/25743891

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6 0
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zysi [14]

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The additional sale will not conflict with regular sales.

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In 1932, the U.S. government imposed a two-cent tax on checks written on deposits in bank accounts. This action would be expecte
scZoUnD [109]

Answer:

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The federal government made the move in order to balance their budget with he notion that with the introduction of the 2 cents on every bank cheques, it will dissuade people from doing bank deposit and switch to currency which will inturn reduce money supply.

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