Answer:
a. Long
b. $375.00
Explanation:
a. If interest rates decrease over the period of investment, Treasury bond prices will increase. Thus, Dudley Savings Bank should take a long position in the futures contracts on the Treasury bonds. As T-bond prices go up, so will T-bond futures prices.
b. Given a long position:
Net profit = Sale price of futures − Purchase price of futures
= $107,687.50 − $107,312.50 = $375.00
Purchase price of futures = 107 − 100 = 107 10/32% × $100,000 = $107,312.50
Sale price of futures = 107 − 220 = 107 22/32% × $100,000 = $107,687.50
Explanation:
Over population, It can result from an increase in births (fertility rate), a decline in the mortality rate, an increase in immigration, or a depletion of resources. And less food for people who actually need it the state that had the least amount of people is China because it has a one child policy and if they break the law they can be executed and it’s to maintain current unsustainable consumption patterns while blaming the poor, women, people of color, immigrants, and those residing in the “global South” who produce a negligible impact on the environment.
Answer:
$40,000
Explanation:
If Alan had paid the disability insurance himself, then disability income would not be taxable. But since Alan's employer paid the disability insurance premiums, then any disability payments that Alan received must be included in his gross income and are taxable.
Answer:
The amount that Plunkett should report in ending inventory on December 31 is $156,300
Explanation:
The computation of the ending inventory is shown below:
= Ending inventory balance - FOB destination goods purchased - goods being held on consignment
= $215,500 - $44,100 - $15,100
= $156,300
The other items would not be adjusted because the other items are not included in the ending inventory so they are not being considered in the computation part.
