1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
allsm [11]
3 years ago
10

Suppose you sold three September cocoa futures contracts at a price quote of 1,696. Cocoa futures contracts are based on 10 metr

ic tons and priced in dollars per ton. What will be your profit or loss on this contract if the price turns out to be $1,607 per metric ton at expiration? -$330 $2,163 $2,322 $2,403 $2,670
Business
1 answer:
denis-greek [22]3 years ago
4 0

Answer:

a gain for 2,670

Explanation:

We first calculate the difference betwene the prices

future price - expiration date = result per ton

1,696 - 1,607 = 89

We sale Cocoa in the future for 1,696

the price at expiration was        1,607

We sale at a higher price than market, this is a gain.

We have profits for $89 per ton

Each future contract has 10 tons and we sold 3 contracts

The total tons would be 3 x 10 = 30 tons

Now we multiply the gain per ton by the total tons sold

89 x 30 = 2,670

This will be the gain on future contract.

You might be interested in
Jake serves on a committee of employees who were charged with selecting three co-workers to honor at the holiday banquet. One em
rjkz [21]

Answer:

3. How does the action I am proposing to take make me feel about myself?

Explanation:

According to Norman Vincent Peale, the following questions should be asked by Jake as he proceeds to make an ethical decision: How does the action I am proposing to take make me feel about myself?

According to Kenneth Blanchard and Norman Vincent Peale, authors of The Power of Ethical  Management, there are three questions you should ask yourself whenever you are faced with an  ethical dilemma:

1. Is it legal? Will I be violating civil law or company policy? Will I be violating the student code  of conduct?  

2. Is it balanced? Is it fair to all parties concerned both in the short-term as well as the longterm?  Does it promote win-win relationships?

<u>3. How will it make me feel about myself? Will it make me proud? Would I feel good if my  decision was published in the newspaper? Would I feel good if my family knew about it? </u>

4 0
2 years ago
Auagaa474 Corporation had sales of $491,300 and average operating assets of $289,000 for the past period. What is the margin tha
astra-53 [7]

Answer:

16%

Explanation:

Calculation for the margin that Auagaa474 needed to earn in order to achieve an ROI of 27.2%

First step is to calculate the Turnover using this formula

Turnover = Sales ÷ Average operating assets

Let plug in the formula

Turnover= $491,300 ÷$289,000

Turnover=1.7

Now let calculate the margin using this formula

ROI = Margin × Turnover

Let plug in the formula

27.2% = Margin × 1.7

Margin = 27.2% ÷ 1.70

Margin=0.16*100

Margin= 16%

Therefore the margin that Auagaa474 needed to earn in order to achieve an ROI of 27.2% will be 16%

8 0
3 years ago
Suppose Ms. Smith sells her 2018 Honda Fit next year. The original cost of the
Greeley [361]

Answer:

C

Explanation:

Cost=10000

Accumulated depreciation=3000

Sales price=9000

Net value=10000-3000=7000

Gain=9000-7000=2000

7 0
2 years ago
A $1 per unit tax levied on consumers of a good is equivalent to
Katen [24]

Based on accounting principles, a $1 per unit tax levied on consumers of a good is equivalent to "a $1 per unit tax levied on producers of the good."

This is based on the idea that the market reaches the exact equilibrium price irrespective of who is accountable for paying the money to the government.

In other words, when the government levies a tax on a good, producers are not exempted from the tax levy because that money will be recouped from the producers' sales or revenue.

Hence, in this case, it is concluded that tax on goods is inevitable to consumers and producers.

Learn more here: brainly.com/question/22680521

7 0
2 years ago
I didn't sign up for this and I'd like my money back and to delete this account
prohojiy [21]

Answer:

Simply ask a lot of innapropiate questions and the moderators will kick u out! Have fun!

Explanation:

6 0
2 years ago
Read 2 more answers
Other questions:
  • One way the U.S. Department of Commerce helps potential exporters is by providing export specialists who act as the export marke
    12·1 answer
  • Pilcher Corp. manufactures tents in its two factories located at two states in Arkadas. It exports its goods to several of its n
    10·1 answer
  • One retail trend resulting from economic conditions is​ ________.
    8·1 answer
  • What role do consumers play on free enterprise system
    13·1 answer
  • According to the classification system for global organizational culture as developed by Hofstede, the degree to which employees
    5·1 answer
  • A household appliances manufacturer has hired you to help analyze their social media datasets to determine which of their refrig
    8·1 answer
  • Mar. 17 Received $275 from Shawn McNeely and wrote off the remainder owed of $1,000 as uncollectible. July 29 Reinstated the acc
    10·1 answer
  • Suppose the United States has two​ utilities, Commonweath Utilities and Consolidated Electric. Both produce 20 million tons of s
    7·1 answer
  • Write a two page essay on politics (also this is for glassaqt)
    15·2 answers
  • Explain one advantage of using retained profit as a source of finance. ​
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!