FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

you are a speculator who entered a long position in BAB futures when their value was $967115.43. Market prices have since changed to 85.78 and

you are a speculator who entered a long position in BAB futures when their value was $967115.43. Market prices have since changed to 85.78 and you have decided to close out your position. Calculate your profitor loss. give your answers in $ and cents

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Managerial Accounting

Authors: James Jiambalvo

6th edition

9781119158226, 111915801X, 1119158222, 978-1119158011

More Books

Students also viewed these Accounting questions

Question

★★★★★
What is the meaning of the term rights? Does it make sense to apply this term to animals? Why or why not?

Answered: 1 week ago

Question

★★★★★
SE 3. Using the high-low method and the following information, compute the monthly variable cost per telephone hour and total fixed costs for Sadiko Corporation. Telephone Telephone Month Hours Used...

Answered: 1 week ago

Question

★★★★★
For estimating a mean, when it is appropriate to use a (a) large sample ???? confidence interval? (b) small sample ???? confidence interval?

Answered: 1 week ago

Question

★★★★★
Create an entity-relationship diagram for a genealogy software package called PeopleTree to keep track of ancestors. Assume that each person will be on a Person table and that one person may have one...

Answered: 1 week ago

Question

★★★★★
HELP SOLVE USING EXCEL FORMAULAS . The Michner Corporation is trying to choose between the following two mutually exclusive design projectsthe required return is percent, what is the profitabilty...

Answered: 1 week ago

Question

★★★★★
Which of the following is not a component in stress management programs? * (1 Point) Thought correction exercise O Behaviour modification O Family planning Relaxation techniques

Answered: 1 week ago

Question

★★★★★
Joaquin goes for a job interview and is surprised that the interviewer asks him about his personal standards regarding how he would handle certain situations. He expected that the focus would be on...

Answered: 1 week ago

Question

★★★★★
Using this ER-Diagram, write an SQL Statement using CONSTRAINTS command and show atleast 1 data of the database. Write down below the SQL Statements and commands that was used. PDiagnosis PAddress...

Answered: 1 week ago

Question

★★★★★
1. (a)(i) What problem has been brought about by uncontrolled mining of minerals in Kenya? (ii) Where is fluorspar mined in Kenya? (iii) Describe how trona is mined and processed in Magadi (b) (i)...

Answered: 1 week ago

Question

★★★★★
In 2001, a commercial aircraft lost all power while flying at 10,000 m over the Atlantic Ocean, about 100 km from the Azores Islands. The skilled pilot put the plane into a gliding mode and...

Answered: 1 week ago

Question

★★★★★
Domino's Pizza franchises in New York were sued by the state of New York in 2016for wage theft at 10 stores.Under New York law, a corporation and a franchiser are joint employers if they meet certain...

Answered: 1 week ago

Question

★★★★★
A county is planning a new children's park. The Park will have an infinite life. The following are the expected expenses to get the project in place. The initial cost will be a one-time cost that...

Answered: 1 week ago

Question

★★★★★
3. Give an example of a problem or phenomenon in everyday life where information is presented in an emotional way.

Answered: 1 week ago

Question

★★★★★
6. How can a message directly influence the interpreter?

Answered: 1 week ago

Question

★★★★★
1. Discuss the following statements: (a) The dangers of mountain driving in an old Lada 4 4, and safety concerns. (b) We perceive the world backwards. (c) Numbers are different from words, but they...

Answered: 1 week ago

Previous Question Next Question