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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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Wie Corp's sales last year were $315,000, and its year-end total assets were $355,000. The average firm in the industry has a to
irakobra [83]

Answer:

Assets must decrease by 223,750

Explanation:

the total assets turnover is calcualte as follows:

\frac{sales}{assets}

As the new CFO jsut want to reduce assets and not to put the effort to increase sales as it see it less likely It will reduce assets (lower the credit term, lower inventory stocks among other measurements)

our goal is a value of 2.4 with sales of 315,000

\frac{315,000}{Assets}  = 2.4\\Assets = 315,000 \div 2.4\\

Assets = 131.250‬

currently the assets are 355,000

we need to redue it to 131,250 so we need a decrease in the order of:

355,000 - 131,250 = 223,750

7 0
3 years ago
Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply.
Kamila [148]

Answer:

Explanation:

1. No effect. The GDP is the total value of goods and services produced in a country in a specific period of time. If we are talking about US GDP, the purchase of a Belgium chocolate would not affect it.

2. Effect on investment. In spite Honda is a Japanese enterprise, it is producing in the United States. The GDP, is the value of all goods and services produced in country.

3. Effect on investment. Purchase of new housing affects the count of investment (not consume).

4. Affects consume. Because the air-conditioner was produced in the US.

5. Affects consume. They paid an accountant for a service produced in the U.S

6. Effect in government expenses. The salary for these workers is paid by the government, specifically the subdivision of New York.

7. Effect in government expenses. These economic benefits are paid by the government and no other private entities.

4 0
3 years ago
A machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $40,000 cash. The amount of the loss relat
sladkih [1.3K]

Answer: About $50,000

Explanation:

6 0
2 years ago
Work Survival skills include?
Anarel [89]
1. listen to the boss
2. don't talk to anyone unless you know then
3. don't let anyone borrow anything from you
4. bring all of your things
5. get a job you enjoy
6. if don't enjoy  your job find something fun in it
( this is basically for the first job
7 0
2 years ago
Friendly’s Quick Loans, Inc., offers you $8.25 today but you must repay $10.45 when you get your paycheck in one week (or else).
Ivahew [28]

Answer:

1,386.67%

Explanation:

Loan Amount = $8.25

Repayment Amount = $10.45

Hence,

Interest for a week = Repayment Amount - Loan Amount

                                = $10.45 - $8.25

                                = $2.2

Interest percentage for a week:

= \frac{Interest\ for\ a\ week}{Loan\ Amount}\times100

= \frac{2.2}{8.25}\times100

= 26.66% (approx)

Number of weeks in a year = 52

Therefore,

Effective annual return:

=  Interest percentage for a week ×  Number of weeks in a year

= 26.66% × 52

= 1,386.67%

Hence,  effective annual return Friendly’s earns on this lending business is 1,386.67% .

APR you are paying 1,386.67%.  

3 0
3 years ago
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