A futures contract on gold is based on 100 troy ounces with prices quoted in dollars per troy ounce. Assume one contract called for delivery some time during the month of April. The price of gold opened the month at 1,194. The low quote for April was 1,189, the high was 1,212, and the end of month settle quote was 1,197. By what amount did the value on one contract vary over the month of April? A. $30 B. $23 C. $3,000 D. $2,300
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A futures contract on gold is based on 100 troy ounces with prices quoted in dollars per troy ounce. Assume one contract called for ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The demand for a good or service is determined by what
Answers (1)
Activities that involve the production or purchase of merchandise and the sale of goods and services to customers, including expenditures related to administering the business, are classified as:
Answers (1)
Coronado Company had the following department information for the month: Total materials costs $55000 Equivalent units of materials 10000 Total conversion costs $81000 Equivalent units of conversion costs 15000 What is the total manufacturing cost
Answers (1)
During the first quarter, Francum Company incurs the following direct labor costs: January $50,800, February $58,000, and March $65,200.
Answers (1)
The Robinson-Patman Act of 1936 Group of answer choices made conspiracy in the restraint of trade illegal.
Answers (1)
New Questions in Business
Sales and commission are based on selling price, not the costs you have been provided. Labor: 13.8 hours at 18.75 per hour Overhead: 92% of labor Material Costs: $65.
Answers (1)
When airbnb customers in malibu start paying hotel taxes, this will have the potential to raise the equilibrium price in this market and, therefore, decrease efficiency.
Answers (1)
Curtain Co. paid dividends of $14,000; $17,500; and $21,000 during Year 1, Year 2, and Year 3, respectively. The company had 2,400 shares of 7.0%, $100 par value preferred stock outstanding that paid a cumulative dividend.
Answers (1)
In order to accomplish the productivity plan, several Subject Matter Experts from various parts of the organizational have been enlisted. As a result, you have noticed friction and conflict among team members.
Answers (1)
The bond has a coupon rate of 6.83 percent, it makes semiannual payments, and there are 4 months to the next coupon payment. A clean price of $1,049 and the par value is $1,000. What is the invoice price
Answers (1)