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sashaice [31]
3 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]3 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

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Inga [223]

Answer:

The answer is D.

Explanation:

Labor force is the number of people or citizens who are within the workforce age that employed and those that are unemployed but are willing and able to work(i.e they are actively searching).

Labor force = employed citizens plus unemployed citizens

Option A and B are wrong because some adults(citizens) are not working and they are not willing to work.

The most important thing here is to show willingness to work and also has the ability to work

8 0
3 years ago
A firm purchases goods on credit worth $90. The same firm pays off $100 in old credit purchases.
trapecia [35]

Answer:

$180 decrease

Explanation:

Note that the question is the net change in cash provided by investments, thus, since purchasing goods on credit and paying credit purchases do not qualify as investments, only the equity issued to pay for the purchase of the new facility should be considered.

Therefore, cash decreased by $180.

8 0
3 years ago
Which of the following is an advantage of newspaper advertising?
Furkat [3]

Answer: Option A  

                             

Explanation: One of the major advantage of using newspaper is that an individual can reach to the prospects on such demo-graphical areas where other mediums might not work effectively and efficiently.

If an entity wants to advertise its product to smaller audiences at living in difficult places then it should go for newspaper. Also newspaper is the most common medium as one might not watch tv or listen radio daily but most of the individuals read newspaper everyday at morning.

Hence the correct option is A .

4 0
4 years ago
What city does charlie and the chocolate factory take place in?
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7 0
3 years ago
Read 2 more answers
Michael Anderson is starting a computer programming business and has deposited an initial investment of $15,000 into the busines
-BARSIC- [3]

Answer:

Assets would be increased by $15,000 while owner's equity will also increase by $15,000.

Explanation:

The accounting equation shows the relationship between the elements of a balance sheet which are assets, liabilities and owner's equity.

it is given as

Assets = Liabilities + Owners equity

When a business owner invests an amount into a business, it means money is available for the business to operate hence cash is recognized as an asset. However, the owners equity also goes up by the amount invested.

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