Answer:
D
Explanation:
Firstly, before we answer this question, we need to know what a futures contract is.
A futures contract can be defined as an agreement specifying the delivery of a commodity or a security at an agreed future date and at a currently agreed price.
This means to set a future contract rolling, we need to have an agreed date if delivery and currently agreed price by both parties involved.
Now, to the question, the correct answer is D. He has the obligation to deliver the underlying financial instrument at the specified future date
The ending balance for March would be $85,700.
You would create a T-account for accounts payable and since accounts payable is a liability, you would credit the beginning balance. The purchases made during the month are also credited because you are increasing the amount in the liability. The $10,700 would not be included because this is unearned revenue and while it is a liability, it does not classify as accounts payable. The $37,800 would be debited since you are decreasing the liability by paying part of it off.
Once doing so, you add up the amounts on the right side and deduct the amounts on the left: (78,200+45,300)-37,800=85,700
Answer:
$250
Explanation:
The first agreement between Mary and Georgia stated a $150 payment plus costs. But later Georgia decided to modify the agreement by including other services provided by Mary, and Mary accepted with a new price that Georgia accepted. The acceptance by both parties means that the modified agreement is supported by additional consideration.
Answer:
persists because economic wants exceed available productive resources.
Explanation:
The scarcity problem is the fundamental economic problem in every kind of society: from the most primitive, to the most advanced, and this is because the nature of human beings is that they are never fully satisfied, and always want more, no matter how rich or poor they are.
In advanced nations such as the United States, Switzerland, or Norway, the scarcity problem still exists. This is why there are economists in these countries in the first place, and why economic policy is a central part of any politician's and government's platform.
