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]
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

You might be interested in
Fitness is a magazine for women about health and exercise. Fitness offers year subscriptions for $12 on their website. Jess, Ani
Mariulka [41]

Answer:

A) $16

Explanation:

According to a different source, these are the options that come with this question:

A) $16

B) $52

C) $40

D) $12

Consumer surplus refers to a measure of welfare in which we look at the ways in which people benefit from the goods and services that they are consuming. The market consumer surplus is the difference between the amount that consumers are willing to pay and the total amount that they actually do pay in the real world (this is known as the market price).

7 0
3 years ago
Read 2 more answers
Warp Manufacturing Corporation uses a standard cost system to collect costs related to the production of its ski lift chairs. Wa
Flura [38]

Answer:

A. $37,400 unfavorable

Explanation:

With regards to the above, variable overhead spending variance is computed as

= (Actual hours × Actual rate) - (Actual hours × standard rate)

= $649,400 - ( 34,000 × $18)

= $649,400 - $612,000

= $37,400 unfavorable

Therefore, Warp's variable overhead spending variance for the month of September is $37,400 unfavorable

7 0
2 years ago
Anton needs to identify the eight different scoring statistics for all the players on his school’s basketball team. Which graphi
loris [4]

Anton needs to identify the eight different scoring statistics for all the players on his school’s basketball team. Which graphic organizer would be best for this assignment?

Answer: A. Chart

Out of the options, A. a chart is the best option because it allows you to break down all of the scoring statisics for each player on the school's basketball team. Organizating the statistics by player and their ranges in a chart makes it easier to understand and utilize the information collected.

8 0
3 years ago
Read 2 more answers
Suppose the total number of minutes provided exceeds the total number of minutes estimated and that the total dollar cost of the
Margarita [4]

Answer:

C) In at least one of the higher technical levels ,more minutes being provided than budgeted.

Explanation:

For such discrepancy to exist ,it means the minutes dictates the effect of the dollar.

5 0
3 years ago
3. What are three purchasing activities in businesses?
zheka24 [161]
Mark me brainiest


Personal Purchases.
Mercantile Purchasing.
Industrial Purchasing.
Institutionalized or government purchasing.
3 0
3 years ago
Other questions:
  • Crab Cakes Ltd. has 5million shares of stock outstanding at $15 per share and an issue of $10million in 10 percent, annual coupo
    13·1 answer
  • Of 58 bank customers depositing a check, 15 received some cash back. (a) Construct a 90 percent confidence interval for the prop
    15·1 answer
  • Everyday low pricing means ______ pricing
    7·1 answer
  • Which type of auto insurance protects your own car against damage from auto accidents?
    11·1 answer
  • On January 2, 2020, Warner Co. purchased 40% of Kyle Co.’s outstanding common stock. The carrying amount of Kyle's depreciable a
    11·1 answer
  • Waterway Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $145,600 Allowance
    7·1 answer
  • Fields Cutlery, a manufacturer of gourmet knife sets, produced 20,000 sets and sold 23,000 units during the current year. Beginn
    14·1 answer
  • What is the difference between a price floor and a price ceiling?
    5·2 answers
  • f a company is considering the purchase of a parcel of land that was acquired by the seller for $85,000, is offered for sale at
    13·1 answer
  • A résumé should be only one or two typed pages.<br> True or False
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!