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
Arte-miy333 [17]
3 years ago
13

You purchased one corn future contract at $2.29 per bushel. What would be your profit (loss) at maturity if the corn spot price

at that time were $2.10 per bushel? Assume the contract size is 5,000 bushels and there are no transactions costs.
Business
1 answer:
Evgesh-ka [11]3 years ago
3 0

Answer: Loss of $950

Explanation:

You bought the contract at $2.29 per bushel.

The corn contract at the time was actually $2.10.

You bought the futures contract for more than the spot price for the same time period so this is a loss.

Loss = Loss per unit * number of units

= (2.29 - 2.10) * 5,000

= 0.19 * 5,000

= $950

You might be interested in
What's the future value of an investment of $1 a year for each of 4 years, at the end of the last year? Suppose the interest rat
Wewaii [24]

Answer:

4.51

Explanation:

We have to calculate fva. The future value of annuity

Here is the formula

Fva = A [( + I)^n-1/I]

Where a = annuity

I = interest rate

N = number of years

Inserting into formula

1[(1+0.08)^4 - 1/0.08]

= 1[(1.36049 - 1)/0.08]

= 4.51

Therefore the future investment is $4.51

3 0
3 years ago
Multi-product branding is:_______.
Elan Coil [88]

Answer:

b. a branding strategy in which a company uses one name for all of its products in a product class.

Explanation:

Multi-product branding is a branding strategy in which a company uses one name for all of its products in a product class.

Multi-product branding is a business strategy widely used by manufacturers, it involves producing and selling multiple products using the same brand name for all.

For instance, Pears may have Pears diapers, clothing lines, lipstick ranges, shoes, body lotions, eye shadow, foundation etc. They are all different products manufactured and all branded as Pears.

The merits and advantages of Multi-product branding is high brand awareness, low promotional and advertising costs, and brand equity return.

8 0
3 years ago
Exercise 12-7 Shown below are comparative balance sheets for Flint Corporation. Flint Corporation Comparative Balance Sheets Dec
lubasha [3.4K]

Answer:

Greg ....... and also bob lol

8 0
3 years ago
There are three consumers in the market for playing cards: Don, John, and Ron. At a price of $2 per pack, the quantities demande
Igoryamba

Answer:

The correct answer is B. The decrease in price causes the quantity demanded in this market to increase by 6 packs.

Explanation:

quantity demanded in this market @ $2= 3+2+1=6

quantity demanded in this market @$1.50 =4+5+3 =12

Net increase in quantity demanded is 12-6 = 6

4 0
3 years ago
Which of the following describes how the U.S. government protects and supports farmers and ranchers?
AlexFokin [52]

Answer:

through allowing agribusiness companies to create oligopolies

Explanation:

6 0
2 years ago
Other questions:
  • Gelb Company currently manufactures 40,000 units per year of a key component for its manufacturing process. Variable costs are $
    10·1 answer
  • If the total utility from consuming the fifth unit of a product is 6 and the total utility from all five units is 162, then the
    6·1 answer
  • Nicoloss is a store that sells clothes, cosmetics, travel bags, and furniture to final consumers. Customer reviews indicate that
    7·1 answer
  • Gilbert, an HR manager at MaxNet Inc., hires 50 employees in five months. He has used different sources of recruitment to recrui
    12·1 answer
  • how does money solve the problem of double coincidence of wants? explain with an example of your own.​
    10·1 answer
  • In the Shaping Department of Oriole Company the unit materials cost is $4.00 and the unit conversion cost is $2.00. The departme
    9·1 answer
  • High levels of brand ________, or the extent to which consumers feel they are "in sync" with the Fox News brand and engagement i
    10·1 answer
  • 7. Identifying costs of inflation Bob manages a grocery store in a country experiencing a high rate of inflation. He is paid in
    5·1 answer
  • Consider this problem: Fast Auto Service provides oil and lube service for cars. It is known that the mean time taken for oil an
    9·1 answer
  • PLZ HELP
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!