Question
The grain inventory is as follows: a.Corn in storage is 44,000 bushels.Current market price is $2.25. b.They sold a 10,000-bu. futures contract for $2.45 per
- The grain inventory is as follows:
a.Corn in storage is 44,000 bushels.Current market price is $2.25.
b.They sold a 10,000-bu. futures contract for $2.45 per bushel in October.Current futures price is $2.30.
c.They have 7,000 bu. of soybeans contracted for March delivery at $5.00 per bushel.Current soybean price is $4.50.
How would you find the price for "crops held for sale or feed" using this information?
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Fundamentals Of Law Office Management
Authors: Pamela Everett-Nollkamper
5th Edition
1133280846, 978-1133280842
