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
poizon [28]
3 years ago
8

A trader sold short a cotton futures contract @ 76.98 cents per pound. Contract size is 50,000 pounds. How much does the trader

gain or lose in DOLLARS if he closed out his contract when futures price is 64.26 cents per pound. Keep zero decimal points. If it is a loss, please enter a negative number.
Business
1 answer:
shutvik [7]3 years ago
3 0

Answer:

$6360

Explanation:

Contract value when the trader sold short = 76.98c * 50000 = $38,490

Contract value when he closed out his contract = 64.26c * 50000 = $32,130

Since the trader had sold short, he is speculating that the price of the futures contract will go down. The value of the contract did go down (in the traders favor) so the difference in value when he sold short and when he closed out his contract will be the profit gained in dollars. Please note that the initial futures prices are quoted in cents and would need to be converted to dollars by dividing by 100c i.e. 3,213,000c = $32,130

Therefore the profit made by the trader in dollars is $38,490 - $32.130 = $6360

You might be interested in
Dobris Networks Inc. provides network traffic awareness, analysis, and control solutions for broadband service providers in USA.
lana66690 [7]

Answer:

D. intellective

Explanation:

The Intellective task is the task that includes the group capability for making the decision or the judgement

Since in the given situation it is mentioned that the company directors wants the group of the top level manager where the expansion strategy should be called via having the situation on the hand so here the task allocated to the group represent the example of the intellective task

7 0
3 years ago
Land used for raising crops or livestock is generally called a
lozanna [386]

Answer:

A tract of land used for raising crops or livestockcan be called a field or a farm.

8 0
3 years ago
Read 2 more answers
Rose Holcomb is the CEO of Holcomb Engineering, a small but growing firm. She believes that the talents and abilities of her com
SCORPION-xisa [38]

Answer: there will be a boost in the effectiveness of the workers and effectiveness utilization of their potentials. This is vital for the growth of the company and for the company to boost its profit and also gain competitive advantage over its competitors.

Explanation:

From the question, we are informed that Rose Holcomb is the CEO of Holcomb Engineering, a small but growing firm and she believes that the talents and abilities of her company’s employees are underutilized and therefore she decided to hire her firm’s first human resource manager who can help her devise more effective human resource strategies.

The likely result of this decision by Rose is that there will be a boost in the effectiveness of the workers and effectiveness utilization of their potentials. This is vital for the growth of the company and for the company to boost its profit and also gain competitive advantage over its competitors.

4 0
4 years ago
You are paying an effective annual rate of 18.974 percent on your credit card. The interest is compounded monthly. What is the a
Kipish [7]

Answer:

17.5%

Explanation:

Effective annual rate is a yearly rate of return which includes the compounding effect. APR is the simple rate of return which is being paid on the principal amount that is being invested.

Formula for Effective Interest rate

EAR = ( 1 + APR/n )^n -1

0.18974 = ( 1 + APR/12 )^12 -1

0.18974 + 1 = ( 1 + APR/12 )^12

1.18974 = ( 1 + APR/12 )^12

(1.18974)1/12 = (( 1 + APR/12 )^12 )1/12

1.0146 = 1 + APR/12

1.0146 - 1 = APR / 12

0.0146 = APR / 12

APR = 0.0146 x 12

APR = 0.175 = 17.5%

3 0
3 years ago
Khái niệm tiền công là gì
kozerog [31]

Answer:

Tiền công lao động hay tiền công là khái niệm của kinh tế chính trị Marx-Lenin, biểu hiện bằng tiền của giá trị hàng hóa sức lao động và là giá cả của hàng hóa sức lao động. ... Tiền công không phải là giá trị hay giá cả của lao động, mà chỉ là giá trị hay giá cả của hàng hóa sức lao động.

8 0
3 years ago
Read 2 more answers
Other questions:
  • 1. Assume Hudson Co. has a target pretax income of $162,000 for 2020. What amount of sales (in dollars) is needed to produce thi
    15·1 answer
  • The taxable value of the property in the tax area is usually referred to as the ? value
    7·1 answer
  • A company bills customers for services rendered on account. Which of the following is part of recording this transaction?
    11·1 answer
  • Corporate decision makers and analysts often use a particular technique, called a DuPont analysis, to better understand the fact
    7·1 answer
  • The funded status of Hilton Paneling Inc.'s defined benefit pension plan and the balances in prior service cost and the net gain
    10·1 answer
  • If the inflation rate in Mexico was twice the rate in the United States, but the Mexican monetary authorities kept the peso-doll
    7·1 answer
  • The Federal Reserve's role as a lender of last resort involves lending to which of the following financially troubled institutio
    14·1 answer
  • Which of the following best addresses the economic question For whom to produce?
    11·1 answer
  • A rise in government spending could Group of answer choices a. decrease both the size and scope of government. b. increase the s
    11·1 answer
  • What are examples of professional organizations? Select four options.
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!