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Ulleksa [173]
3 years ago
15

Which of the following best explains what a futures contract is?

Business
1 answer:
Ronch [10]3 years ago
4 0

Answer:

B. A contract setting the price and date for a commodity purchase

Explanation:

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Maria Am Corporation uses a process costing system. The Baking Department is one of the processing departments in its strudel ma
Afina-wow [57]

Answer and Explanation:

According to the scenario, computation of the given data are as follows:-  

Cost of completed units and transferred units = $30,590 - $1,130 =$29,460

Cost Reconciliation Report for the Banking Department for June

Particular                                                  Amount($)

Opening cost of work in process inventory 4,840

Added cost of production                               25,750

Total Cost  Accounted                                       30,590

Cost of completed units and transferred units  29,460

Ending  cost of work in process inventory          1,130

Total Cost Accounted                                        30590

3 0
3 years ago
At the end of its first month of operations, a company reported Revenue of $37,000. It also reported Wages Expense, $6,000; Rent
Alexxx [7]
Net income = Total revenues — Total expenses
8 0
2 years ago
A firm has a market value equal to its book value. Currently, the firm has excess cash of $900 and other assets of $5,100. Equit
Harrizon [31]

Answer:

$850

Explanation:

Price per share = $6,000 ÷1,000 = $6

Number of shares repurchased = $900 ÷$6 = $150

New number of shares outstanding = $1,000 - $150 = $850

Therefore $850 shares of stock will be outstanding after the stock repurchase is completed

8 0
3 years ago
Formaggio Vecchio announced its regular quarterly cash dividend of $0.20 per share. Currently there are one million shares outst
aleksandr82 [10.1K]

Answer:

A.On Ex-dividend date: November 20, 2006

B.1%

C.$0.19

D. $1.82

Explanation:

1.On Ex-dividend date: November 20, 2006

will the stock price change to reflect the value of the dividend

b. Calculation for Formaggio’s dividend yield

Using this formula

Dividend yield = dividend/share price

Let plug in the formula

= .20/20 = 1%

c. Calculation of how much the stock price is likely to fall

0.20*(1 – 15%) = P*(1 – 10%)

Solve for P = $0.19

d. Calculation of How much is the stock price likely to fall Suppose that the company decides to issue a 10% stock dividend instead of a cash dividend.

$1,000,000 + (1,000,000 * 10%)

$1,000,00+$100,000

= 1,100,000 total shares

Hence,

$20,000,000 / 1,100,000 = $18.18 per share

$20 – 18.18 = $1.82 fall

5 0
3 years ago
Assume a market is in equilibrium. There is an increase in supply, but no change in demand As a result the equilibrium price ___
cluponka [151]
It is number D because if there’s an increase in supply but not change in demand then the equilibrium price will rise and the quantity will increase
5 0
3 years ago
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