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LiRa [457]
3 years ago
7

Suppose you sell 22 of the May corn futures at the high price of the day. You close your position later when the price is 464.75

0. Ignoring commission, what is your dollar profit on this transaction
Business
1 answer:
Ipatiy [6.2K]3 years ago
4 0

Answer:

What's the high price of the day?

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Acquisition Cost of Long-Lived Asset The following data relate to a firm’s purchase of a machine used in the manufacture of its
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Answer:

The acquisition cost is $38140

Explanation:

acquisiton cost = invoice price + applicable sales tax - cash discount + freight paid + cost of insurance + installation cost +testing and adjusting costt                

= $34000 + $2000 - $400 + $260 + $125 + $2000 + $425

= $38410

Therefore, The acquisition cost is $38140.

6 0
3 years ago
Suppose Nicholas owns a business making Christmas tree ornaments. Currently, he makes 300 ornaments a month. At this level of pr
Fudgin [204]

<u>Solution and Explanation:</u>

1. MC = Cost of raw material + Cost of time

MC = 5 plus (10 divide by 2)

MC = $10

2.  TFC = $300

Q = 300 ,  AFC = TFC/Q = 300 divide by 300 = $1

3.  His profit maximizing output would be higher

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Since MR > MC, and at the profit maximizing point MR = MC, it is better for Nicholas to increase his output.

4.  His profit maximizing output would be higher

Reason: P = MR = $15 ,  MC = $4 + $5 = $9

Since MR > MC, and at the profit maximizing point MR = MC, it is better for Nicholas to increase his output.

3 0
4 years ago
The paper is written, the next step is to __________. limit your topic and make the purpose of your paper clear use an acceptabl
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The next step to be approached after the paper is written is that an individual should limit their topic and that they should make a purpose of the paper as this is a method that is effective when planning and making an effective essay or topic.

3 0
3 years ago
Which of the following assets must be reported at the​ lower-of-cost-or-market value? A. Merchandise Inventory B. Accounts Recei
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Answer:

The correct answer is letter "A": Merchandise Inventory.

Explanation:

Lower-of-cost-or-market value is a strategy by which the costs of inventory on the company's Balance Sheet is reported at historical value -purchase cost- or market value, whatever it is lower. The lower-of-cost-or-market approach considers the value of inventory can change, meaning it can increase but it can decrease as well. For both purposes, the lower-of-cost-or-market value can be used. This technique follows the Generally Accepted Accounting Principles (GAAP).

Therefore, <em>merchandise inventory, which can fluctuate in price during a period, is reported using the lower-of-cost-or-market value method.</em>

6 0
3 years ago
____________ is one of the world's largest single markets, with 25 member countries, a common currency, and more than 454 millio
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The European Union is one of the world's largest single markets, with 25 member countries, a common currency, and more than 454 million consumers.

The European Union is a political and economic union of 27 member states that are located primarily in Europe. The EU provides for open borders between its member countries to facilitate trade without tariffs or duties.

Three bodies run the EU. The EU Council represents national governments. The Parliament is elected by the people. The European Commission is the EU staff. They make sure that all members act consistently in regional, agricultural, and social policies.

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