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
sashaice [31]
2 years ago
13

You own one futures contract on gold that you purchased at a quoted price of 1,448.5. The current price quote is 1,405.5. The co

ntract size is 100 ounces and the quotes are expressed in dollars and cents per ounce. What is your current profit or loss on this investment?
a. $912.00.
b. $4,300.00.
c. −$43.00.
d. −$4,300.00.
e. −$912.00.
Business
1 answer:
Inessa [10]2 years ago
6 0

Answer:

d. -$4,300.00

Explanation:

Calculation for What is your current profit or loss on this investment

Using this formula

Current profit or loss = Contract size*(Current price quote-Quoted price )

Let plug in the formula

Current profit or loss = 100 *($1,405.5-$1,448.5)

Current profit or loss = 100 *-$43

Current loss = -$4,300.00

Therefore your current loss on this investment will be -$4,300.00

You might be interested in
Low-balling is a sales technique where the salesperson quotes a low price for a car to get you to make an offer, and negotiates
Daniel [21]
True, and it is very sneaky.  Please mark Brainliest!!!
3 0
3 years ago
What are some next generation hotel technology applications?
BaLLatris [955]

Answer:

i think smart room key am i right

7 0
2 years ago
Read 2 more answers
Seth invested $20,000 in Series EE savings bonds on April 1. By December 31, the published redemption value of the bonds had inc
11Alexandr11 [23.1K]

Answer:

700 for interest

Explanation:

6 0
3 years ago
An explanation of how gdp and gnp is important in marketing and how they relate to the marketing process
Tom [10]

Answer:

The overview of the instance would be described throughout the following section.

Explanation:

  • Throughout economics, GDP has been utilized to measure the amount profitability of a company manufactured inside the borders of a nation.
  • Whilst also GNP has been utilized to measure the amount of profit of an organization manufactured or organized by the nation's residents, regardless of geographic location.
5 0
2 years ago
An assessor explains to you that the market value of your property was converted to the assessed value using what's called an as
Anna11 [10]

The assessment ratio, which is used to convert the value of property to the assessed value, can also be considered <u>Equalization Rate</u>.

<h3>What is the equalization rate?</h3>

The equalization rate is the ratio of the total assessed value (AV) to a municipality's total market value (MV).

The equalization rate is a measurement of a municipality's level of assessment (LOA) by the state.

This implies that the municipality determines the AV while the state determines the MV.

Thus, the assessment ratio, which is used to convert the value of property to the assessed value, can also be considered <u>Equalization Rate</u>.

Learn more about the equalization rate at brainly.com/question/5428406

#SPJ1

5 0
2 years ago
Other questions:
  • In an informationally efficient capital market: Group of answer choices security prices quickly reflect new information. investo
    9·2 answers
  • Lisa sells kitchen furniture through her website. While her sales are stable, she's concerned that they're not keeping pace with
    15·2 answers
  • Can someone plz tell me what is 500-500+50​
    12·1 answer
  • Which gas is a natural source of groundwater pollution​
    8·1 answer
  • You are starting the four-year college education today, and you are worried if you have enough money in your account for tuition
    10·1 answer
  • _____ is a way of producing a response to a stimulus by repeatedly pairing it with another stimulus that automatically produces
    5·1 answer
  • Which of the following combinations should be avoided? a. high price and high quality b. low price and low quality c. heavy prom
    6·1 answer
  • Eve's Apples opened for business on January 1, 2021, and paid for two insurance policies effective that date. The liability poli
    6·1 answer
  • Which of these is NOT a concern for consumers in times of inflation?
    14·1 answer
  • An initial deposit of $5000 is put into an account that earns 4% interest, compounded annually. Each year, an additional deposit
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!