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
Blizzard [7]
3 years ago
11

1. Spratt Company purchased Treasury bond futures contracts when the quoted price was 93-50. When this position was closed out,

the quoted price was 94-75. Determine the profit or loss per contract, ignoring transaction costs.
Business
1 answer:
Lilit [14]3 years ago
4 0

Answer:

–$12,500

Explanation:

Calculation to determine Determine the profit or loss per contract

Using this formula

Profit or loss per contract=Purchase price-Selling price

Let plug in the formula

Profit or loss per contract= $935,000 – $947,500

Profit or loss per contract= –$12,500

Therefore the profit or loss per contract will be –$12,500

You might be interested in
The accounting offices of anna and elsa ice are linked in a network that allows employees to choose who they will send informati
kumpel [21]
A network switch I hope this helps sorry if I'm wrong
6 0
3 years ago
Read 2 more answers
Amend Inc. debited Accounts Receivable and credited Allowance for Uncollectible Accounts to reestablish an account previously wr
goldfiish [28.3K]

Answer:

Cash; account receivable

Explanation:

The journal entry to reestablish an account previously written off is given below:

Cash Dr XXXXX

   To account receivable XXXXX

(being the reestablish an account previously written off is recorded)

Here the cash is debited as it increased the assets and account receivable is credited as it decreased the assets

5 0
3 years ago
(Scenario 8-4) Within various sections of the ____ portion of its advertising plan, American Express explains how and why Visa h
KatRina [158]

Answer: situation analysis

Explanation:

6 0
3 years ago
Read 2 more answers
In general, it's better to have a low inventory turnover ratio than a high one, as a low ratio indicates that the firm has an ad
Dovator [93]

Answer:

b. False

Explanation:

Inventory Turnover tells us how fast the business is selling it's product. It measure the number of time an average inventory is completed its process from finished goods / Inventory to sales to customer. Higher the inventory turnover lower time of holding the inventory of each unit. So, the statement given is false.

5 0
3 years ago
Jonas had a reputation for underestimating the abilities of his employees;__________workers were often let go after it had been
almond37 [142]

Diligent workers were often fired after they were found to lack the skills necessary to fulfill job responsibilities.

<h3 /><h3>What is the relevance of performance appraisal?</h3>

It is a formal instrument used to analyze whether the employee is performing his duties as expected by the organization, that is, through certain requirements the HR department is able to analyze the employee's development, motivation and productivity at work.

Therefore, underestimating the skills of employees is not the ideal behavior for creating a positive culture, the ideal is for the company to provide feedback, training and enable the development of employees.

Find out more about performance appraisal here:

brainly.com/question/1532968

#SPJ1

4 0
2 years ago
Read 2 more answers
Other questions:
  • The Weber Company purchased a mining site for $1,750,000 on July 1. The company expects to mine ore for the next 10 years and an
    11·1 answer
  • For a perfectly competitive​ firm, the price of its good is equal to the​ firm's marginal revenue because
    10·1 answer
  • In Marketing in the News, we heard that Michelin tire company is running a new sales promotion. What did we hear the company is
    9·1 answer
  • Marika received a tip from a close friend who is an executive manager of a publicly traded company called MicroGreen Inc. The ma
    10·1 answer
  • The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production
    9·1 answer
  • Distribution systems _____ .
    11·1 answer
  • if an insurance company makes a statement that its policies are guaranteed by the existence of the Insurance Guaranty Associatio
    14·1 answer
  • (16-25) more questions:)
    10·1 answer
  • Who has lost someone in the past year
    9·2 answers
  • .
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!