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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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In Waterway Company, Treasury Stock increased $20400 from a cash purchase, and Retained Earnings increased $80200 as a result of
Verizon [17]

Answer:

$59,900

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Explanation:

<u>Cash flow from Financing activities</u>

Particulars                                                Amount

Cash paid for treasury stock                  $20,400

Cash dividends                                        <u>$39,500</u>

Net cash used by financing activities  <u>$59,900</u>

4 0
2 years ago
In the 1950s, imports and exports of goods and services constituted roughly 4% to 5% of U.S. GDP. In recent years, exports have
barxatty [35]

Answer:

a) An increasing number of import quotas

b) Better high-speed rail lines

c) Improvements in telecommunications

d) International trade agreements such as the General Agreement on Tariffs and Trade (GATT)

Explanation:

All of the above applies as in order to increase the international trade.

As with the increase in quotas there is a pressure to increase the imports. Further when there is easy chain of supply even in the international market that is railway facility is smooth and that the telecommunications is also easy.

Further, with increased trade agreements there is provision of reduced tariffs and taxes and accordingly the international exchange is not complicated and is rather smooth.

5 0
2 years ago
To select nonadjacent items, hold down the ________________ key while selecting the items.
Bas_tet [7]

To choose non-adjacent items, hold down the _SHIFT_BUTTON____ key and connect to the desired items.

<h3>Which key is pushed from the keyboard to set the nonadjacent files folders?</h3>

To use the keyboard to choose a group of icons that are not adjacent, pick the first file, hold down the Ctrl key, and use the arrow keys to move through the list; press the spacebar for per file you want to select.

Select the row number to set the entire row. Or select on any cell in the row and then click Shift + Space.To select non-adjacent rows or columns, hold Ctrl and choose the row or column numbers.

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6 0
1 year ago
What is the meaning of accounting.
DiKsa [7]
The action or process of keeping financial accounts is what accounting means
5 0
3 years ago
Read 2 more answers
Sufficient Dwelling Coverage? Colton Gentry of Lancaster, California, has owned his home for ten years. When he purchased it for
Shtirlitz [24]

Answer:

a. $17,978

b. $300,000

Explanation:

Conditions

  • The  cotton country of lancaster, california has owned his home for ten years
  • purchased it for $178,000, cotton bought a $160,000 homeowner's insurance policy
  • the replacement cost of the home is now $300,000

a.    hence,

the proportion of the house insured = \frac{InsuranceAmount}{PriceOfThe Home} \times 100%

                                                             = \frac{160000}{178000}\times 100

                                                             =   89.89%

Percentage amount covered by the policy

= proportion of the house insured = 89.89%

Amount covered by the policy in dollars

= $20,000 × 89.89%

= $17,978

b

Amount of insurance on the home that cotton should now carry to be fully reimbursed for a fire loss  = current value of the home

= $ 300,000

5 0
3 years ago
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