Complete the table above for the holder of the short position. DayBeginning BalanceFunds DepositedSettlement PriceFutures Price ChangeGain/LossEnding Balance00 5000 1 4960 2 4800 3 5050 4 5175 5 5200 6 5250.50 7 5310.75 2. How much are the total gains or losses by the end of day 7?

Future price is php5000 Initial margin is php250 Maintaince margin is php150 Total number of…

Answered: 5000 1 4960…

Business

Accounting

5000 1 4960 2 4800 3 5050 4 5175 5 5200

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Complete the table above for the holder of the short position.

Day	Beginning Balance	Funds Deposited	Settlement Price	Futures Price Change	Gain/Loss	Ending Balance
0	0		5000
1			4960
2			4800
3			5050
4			5175
5			5200
6			5250.50
7			5310.75

2. How much are the total gains or losses by the end of day 7?

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