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madam [21]
3 years ago
11

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 $1,707 per metric ton at expiration
Business
1 answer:
Mrac [35]3 years ago
4 0

Answer:

Loss in the contract = -$330.

Explanation:

Selling price per futures contract = $1,696

Current Value of the future contract = $1,707

Since the price has increased, there is a loss.

Loss per contract - 1696 - 1707 = -11

Total loss in the trade = -11 * 10 (size of contract) * 3 (Number of contracts) = -$330

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The restriction on the building to prevent sale to persons of a particular race means it is unenforcable but the sale can go through.

Restrictions like this are unconstitutional because it is promotes discrimination of some race.

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  • Hence, the restriction on the building to prevent sale to persons of a particular race means it is unenforcable but the sale can go through

Therefore, the Option C is correct.

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2 years ago
To add text to a blank slide layout, _____.
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3 years ago
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Answer:

The correct answer is C

Explanation:

JIT termed or stand for the Just in Time Inventory, it is a strategy or the plan of action, which is to increase the efficiency and decrease the waste through receiving the goods only as they are required in the process of the production, thereby decreasing the inventory costs.

So, the costs of the obsolescence, inventory financing and storage supervision could be decreased through the practice of the JIT (Just-in-time inventory).

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2 years ago
Michael Co. is a corporation that sells breakfast bars. Based on the accounts listed below, what are Michael's total trade recei
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Answer:

B. $42,000

Explanation:

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