Answer: The specifications of future contracts can always be found on the website where the offer is made or in trading pits
Explanation: Futures contracts will always have their specifications as to the amount that must be offered, expiration date of the contracts, minimum quantities that can be purchased and other elements that can help us verify or work on these contracts.
The elements that make this type of contract generally mark a trend in which you can easily buy and sell for this type of contracts, becoming more liquid than bonds and other financial obligations.
Variable costs are the costs that change in total each time an additional unit is produced or sold. With a variable cost, the per unit cost stays the same, but the more units produced or sold, the higher the total cost. ... Although total fixed costs are constant, the fixed cost per unit changes with the number of units.
The correct answer is $380 per unit.
The lower-of-cost-or market rule requires that you report the lower value of either the purchase price or current market price of items in inventory. In this case the current market price is lower, so it should be used when calculating the value of inventory.
Answer:
<u>Descriptive Research.</u>
Explanation:
Descriptive marketing research aims to observe and discover some market phenomena, so that it is possible to describe, classify and interpret such phenomena, such as what is happening in the market, specifying who, what, where and how.
It is usually carried out through discussions, questionnaires, interviews and specific groups. It serves as a basis for explaining the occurrence of such phenomena encountered.
Answer:
His total amount of interest over the period of 30 years would be $608,290.26.
Explanation:
His loan will be calculated based upon the remaining principle after each monthly payment.
For example his 1st payment @6.25% interest rate on full amount of $500,000 would be ($500,000*6.25%= $31,250/12 = $2,604.17). We divide the total amount of interest by 12 to get the monthly payment amount.
Now after we get the interest amount, we reduce this interest amount from his total monthly payment of $3,078.59 to get the monthly principle repayment which comes out at $474.42 for the first month.
After that we reduce this principle repayment from his original loan balance of $500,000 to get his new balance of $499,525 on which interest will be levied i.e. ($499,525*6.25%/12 = 2601.7). This step goes on for 30 years and his total interest payment in those 30 years will be $608,290.26.