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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.

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Which of the following is not included in the typical pattern of behavior for a poverty-stricken person? a. higher crime rate c.
Burka [1]

A person is poverty-stricken if they are considered to be very poor. A higher standard of living is not a typical pattern of behavior for a poverty-stricken person.

<h3>Who is poverty-stricken poverty?</h3>

A poverty-stricken person suffers from the effects of extreme poverty: Some beggars are impoverished and homeless.

There are few jobs for farmers who have moved to cities from poverty-stricken areas in search of work.

It is characterized by excessive indulgence,  low self-regulation, exploitation of others, and limited motivation and effort.

Therefore, Option C is the correct answer that is A higher standard of living is not a typical pattern of behavior for a poverty-stricken person.

To learn more about poverty-stricken person, refer:

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6 0
2 years ago
Which button in the Print Preview tab allows users to set specific margins on the page of a report?
Irina-Kira [14]

Answer:

Page Setup

Explanation:

Page set up allows users to determine how a print out will appear. The user can customize the page size and layout. The page setup dialog box is available under the Layout tab in the Ribbon menu.

Page layout makes it possible for users to set the print parameters. These parameters include paper size,  page orientation, page margins, and quality of the print.

6 0
3 years ago
A variant of fiscal-year budgeting whereby a 12-month projection into the future is maintained at all times is termed _____ budg
katrin [286]

A variant of fiscal-year budgeting whereby a 12-month projection into the future is maintained at all times is termed Continuous budgeting.

<h3>What is Continuous Budgeting?</h3>
  • Budgets are created for future periods, revised throughout current periods, and adjusted at the conclusion of the term. This process is known as continuous budgeting.
  • In other words, it's the practice of maintaining active, current, and future budgets to monitor costs and project growth in the future.
  • The majority of businesses create their budgets on a monthly, quarterly, or annual basis, however many businesses now create weekly budgets to monitor sales and shipments.
  • In the current era, these plans are utilized to establish financial and performance goals and benchmarks for the future.
  • Following the conclusion of the current period, the budgeting process is restarted by developing a new plan for the following accounting period.

To learn more about Continuous Budgeting refer to:

brainly.com/question/14300218

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6 0
2 years ago
At the start of its fiscal year, a company anticipated producing 300,000 units throughout the year. The annual budgeted manufact
scoray [572]

Answer:

The correct answer to the following question is $36,000.

Explanation:

Given information  -

Units anticipated to be produced - 300,000 units

Variable cost - $150,000

Fixed cost - $600,000

Beginning inventory - 5000 units

Ending inventory  - 7000 units

Income under absorption costing - $40,000

Now under the absorption costing, rate of fixed overhead cost per unit -

Fixed cost / Number of units produced

= $600,000 / 300,000

= $2

In April ( under absorption costing ), the amount of fixed manufacturing overhead cost that was still embedded in ending inventory but were not expense -  

Fixed overhead rate per unit x number of units produced but not sold

= $2 x 2000 ( 7000 units - 5000 units )

= $4000

So when we calculate the operating cost under variable costing this fixed overhead cost wold be subtracted from total income -

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6 0
3 years ago
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Evgen [1.6K]

Answer:

c. high creativity

Explanation:

Narcissistic personality disorder is characterized by the behavior of an individual who has a great need to feel admired, this individual has a mental disorder that leads him to have an exacerbated perception of himself and his characteristics, having a vanity and a sense of very strong self-importance.

The characteristic that narcissists probably have and is associated with the emergence of the leader, but not effectiveness, may be high creativity, as such individuals can be creative in the sense of self-valuing themselves and their personal achievements, leading to even making up stories to feel valued, while the creativity present in a leader is focused on a vision of the business and management of a company and people, so it is correct to say that a leader's creativity aims to make business more efficient and improve working conditions of its employees.

7 0
3 years ago
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