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Whitepunk [10]
3 years ago
15

Which statement applies to the commodities exchange

Business
2 answers:
vredina [299]3 years ago
6 0

Answer:dear God, i think the answer might be it has a set of regulations that must be followed

Explanation:

lidiya [134]3 years ago
4 0

Explanation:

Commodities Exchange is a Market, either physical or virtual, where different commodities are being traded with different volumes. Most commonly traded commodities which are traded physically are agricultural commodities, which may include Rice, Wheat, Corns, nuts, seeds, etc. Most commonly traded commodities, which are traded virtually through a system or software with the help of internet, may include Oil, Gold, Stocks, Silver, other precious metals, Soy, etc.

A large number of buyers and sellers are present in commodities exchange market. People buy and sell different commodities, derivatives, stocks, options, futures, spots etc.

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What was the opening price of dow jones industrial average on jun 01, 2017 in the format of xxxxx.xx?
babymother [125]

Answer:

21080.28.

Explanation:

3 0
2 years ago
he condensed balance sheet and income statement for Marjoram Company are presented below. MARJORAM COMPANY Balance Sheet At Dece
Juliette [100K]

Answer:

current ratio  for MARJORAM  = Current asset / current liabilities

                                                   =  $173,000/ $108,400

                                                    =  1.59

Explanation:

step 1 :calculate the total current asset of the company which is calculated below.

current asset

Cash                         $19,000

Note Receivable         35,000

Account Receivable    48,400

Inventory                    <u>  70,600</u>

Total                         <u> 173,000</u>

Note receivable is included in the current asset because its due date is less than 12 months.

step 2 : divide the current asset by the current liabilites in order to determine the current ratio

7 0
3 years ago
In year T, a US citizen buys 100 shares of Sonic on the Tokyo stock exchange at 700 yens each. Suppose the exchange rate then is
zlopas [31]

Answer:

Change in US external wealth between periods T and T +1 in dollars = -$100

Explanation:

Since nothing else changes, this implies that the exchange rate per yen is $0.01 in periods T and T +1. Therefore, we have:

Value shares of Sonic in period T in dollar = Number of shares of Sonic bought in period T * Price per share of Sonic in Yen in period T * Exchange rate per yen in periods T = 100 * 700 * $0.01 = $700

Value shares of Sonic in period T+1 in dollar = Number of shares of Sonic in period T+1 * Price per share of Sonic in Yen in period T+1 * Exchange rate per yen in period T+1 = 100 * 600 * $0.01 = $600

Change in US external wealth between periods T and T +1 in dollars = Value shares of Sonic in period T+1 in dollar - Value shares of Sonic in period T in dollar = $600 - $700 = -$100

4 0
3 years ago
Kota Toy Corporation manufactures lizard dolls in two departments, Molding and Assembly. In the Molding Department, plastic is i
professor190 [17]

Answer:

Assembly Work In Process Inventory

Explanation:

The units completed cost will be move from one process into the next one.

The transferred-out cost will be credited from Molding(origin) and debited into Assembly Work-in-Process(destination)

As this is a theoreticalquestion we don't have to look into the numbers.

3 0
3 years ago
The law firm of Smith &amp; Jones has a staff of 30 lawyers and administrative staff. Budgeted total costs of the firm total $4,
Shalnov [3]

Answer:

c) 60% of direct labour cost

Explanation:

<em>I</em><u><em>ndirect costs are also known as overheads</em></u><em>. They are costs which are not incurred directly for the service been rendered. These costs can allocated to the cost of the core service using the direct labour cost basis as requested by the question.</em>

<em>To ascertain the  indirect costs rate, we use the formula below:</em>

Indirect cost rate = (Indirect cost/Direct labour cost)   × 100

From the question,

<em>Indirect cost = total cost less the direct labour cost</em>

Indirect cost = $4,000,000 - 2,500,000

                   = $1,500,000

Indirect cost rate = Indirect cost/Direct labour cost   × 100

              = 1,500,000/2,500,000  × 100

            = 60% of direct labour cost

6 0
3 years ago
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