When buying or selling a futures contract, the trader commits what amount of funds the amount of the initial margin. A futures contract is a legal agreement to buy or sell assets, mainly commodities, at a set price but it will be delivered and paid for later. Based on the definition of a futures contract, the trader will have to commit to the initial amount that was set to be traded when the legal agreement was made.
Answer: See explanation
Explanation:
While all members of the Federal Reserve Board of Governors vote at Federal Open Market Committee (FOMC) meetings, only (5) of the regional bank presidents are members of the FOMC.
The option that contributes to making the Federal Reserve an independent policymaking body is that members of the Board of Governors are appointed for 14-year terms.
Answer:
A. slopes upward
Explanation:
(I will include a picture in the attachment to help with the explanation)
Slope upward represent the increase in quantity as the price goes up.
As the price of a product is increased, the potential profit that the producer can generate is also higher. Because of this, they become motivated to supply more product for the customers. They will increase their production output and increase the amount of distributions to the market.
This is why the slope will become upward like the picture above.
Answer:
The adjusting entry is shown below.
Explanation:
According to the scenario, the given data are as follows:
Estimated depreciation for year = $4,300
So, the adjusting entry for depreciation is shown below:
Adjusting Entry
Dec.31
Depreciation expense A/c Dr. $4,300
To Accumulated Depreciation-Equipment A/c $4,300
(Being the Depreciation expense is recorded)
