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Stels [109]
3 years ago
13

You sold two EUR futures contract at the closing price on 3/01. Each EUR futures contract requires the delivery of EUR125,000. S

uppose, the initial and maintenance margin for each EUR futures contract are $1,500 and $1,000, respectively. Assume that you do not withdraw from your margin account during this period, but that you do meet your margin calls if you get any
Date 3/01 3/02 3/03 3/04
EUR Spot Price $1.3579 $1.3527 $1.3588 $1.3580
July EUR Futures Contract Price $1.3750 $1.3782 $1.3827 $1.3713

The profit / loss posted to your account at the close of 3/02 is ______
Business
1 answer:
Lyrx [107]3 years ago
4 0

Answer:

What

Explanation:

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Compare and contrast the views of management and accountants regarding the changes required by the Sarbanes-Oxley Act on interna
MissTica

Answer and Explanation:

The SoX sarbanes oxley act of 2002 was enacted to address company fraud that was exemplary of Eron and worldcom and bring back the confidence held in the financial market

It was meant to increase the effectiveness of internal control in companies in keeping accounting records or financial reports reliable and fraud-proof. The SOX act increased the independence of company auditors making their reports more reliable as they didn't have to compromise because they were dependent on top managers. In addition top managers were held responsible for any fraud in accounting statements and so were to certify the reliability of reports released to the public

4 0
4 years ago
Suppose that a firm currently produces 100 units using 10 units of K and 14 units of labor per day. The wage rate is $100 and th
victus00 [196]

Answer: $2,900

Explanation:

The cost of this amount of output is:

= (Amount of K used * Rental rate of capital) + (Amount of labor used * wage rate)

= (10 * 150) + (14 * 100)

= 1,500 + 1,400

= $2,900

3 0
3 years ago
You are deciding between two mutually exclusive investment opportunities. Both require the same initial investment of $ 10 milli
Lana71 [14]

Answer:

A)Choose A B) Choose B C) 0.45

Explanation:

We will use the NPV formula to calculate the IRR and them choose investment opportunity with a high IRR

NPV (A)=CF/R -II

       0 =2.4/r -10 m

        r=0.24/24%

NPV(B)=1.8/r-0.045-10

         0=1.8/r-0.045-10

          r=0.135/13.5%

Therefore choose A

B)NPV (A)

=2.4/0.064-10

=$27.5 MIL

NPV (B)

=1.8/0.064-0.045 -10

=1.8/0.019-10

=$84.74 MIL

Therefore choose B as it has higher NPV

C) Equate the NPV to in order to calculate the cost of capital

2.4/r -10 =1.8/r-0.045 -10

2.4/r=1.8/r-0.045

1.8r=2.4r-0.108

0.6r=0.108

r=0.556/5.56%

=

       

8 0
3 years ago
Nonfinancial performance measures in the balanced scorecard such as customer satisfaction are often _____ of future financial pe
Allisa [31]

Answer:

leading indicators

Explanation:

In the balance scorecard, the non-financial measures of performance could be done like customer satisfaction would able to anticipate the performance in the future as it can be an indicator in terms of the customer loyalty that can easily anticipate the revenue occur in the future

Hence, as per the given situation, this is a leading indicators

hence, the same is to be considered

3 0
3 years ago
In three of four sentences describe how a person buys and sells stock
nalin [4]
When stockholders (not investors) buy shares of stock in a company from brokers, the company uses that money to make and sell it's products, funds its operations, and expand. If the company earns a profit, the stockholders (owners of shares of stock in the company) earn a RETURN, or gain, or loss, on thier investment. People buy and sell stocks for one main reason: They want larger returns thatn they cab get from more conservative investments.



I hope it helped you!
5 0
3 years ago
Read 2 more answers
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