Use the following corn futures quotes:Contract MonthMarMayJulySepCorn 5,000 bushelsLowHighSettleChgOpen IntOpen455.125 457.000 451.750 452.000 -2.750597,913467.000 468.000463.000 463.250-2.750137,547477.000 477.500 472.500 473.000 -2.000 153,164475.500 471.750 472.250 -2.000 29,258475.000a. How many of the July contracts are currently open?b. How many of these contracts should you sell if you wish to deliver 130,000 bushels of corn in July?contractsIf you actually make delivery, how much will you receive? Assume you locked in the settle price.$(Do not round intermediate calculations. Round your answer to the nearest whole number.)

Futures contracts play a crucial role in commodities trading, allowing participants to hedge risks…

Answered: Contract Month Mar May July Sep Corn…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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July May $128,000 $156,000 $218,000 54,000 67,000 78,000 42,000 48,000 52,000 The company expects to sell about 12% of its merchandise for cash. Of sales on account, 60% are expected to be collected in the month following the sale and the remainder the following month (second month following sale). Depreciation, insurance, and property tax expense represent $9,000 of the estimated monthly manufacturing costs. The annual insurance premium is paid in September, and the annual property taxes are paid in November. Of the remainder of the manufacturing costs, 80% are expected to be paid in the month in which they are incurred and the balance in the following month. Sales Manufacturing costs Selling and administrative expenses 37,000 Capital expenditures Current assets as of May 1 include cash of $49,000, marketable securities of $69,000, and accounts receivable of $152,800 ($112,000 from April sales and $40,800 from March sales). Sales on account for March and April were $102,000 and…
Beckett Industries manufactures a popular interactive stuffed animal for children that requires three computer chips inside each toy. The company pays $4 for each computer chip. To help to guard against stockouts of the computer chip, Beckett Industries has a policy that states that the ending inventory of computer chips should be at least 25% of the following month's production needs. The production schedule for the first four months of the year is as follows: (Click the icon to view the production schedule.) Requirement Prepare a direct materials budget for the first quarter that shows both the number of computer chips needed and the dollar amount of the purchases in the budget. Prepare the direct materials budget by first calculating the total quantity needed, then complete the budget. Beckett Industries Direct Materials Budget For the Months of January through March January February March Quarter Units to be produced Multiply by: Quantity of direct materials needed per unit…
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MC algo 20-6 Average Collection Period Silver Eyes, Incorporated, has an average collection period of 23.54 days and its average daily accounts receivable is $351,000. What are the company's annual credit sales assuming 365 days per year? Multiple Choice $8,262 540.00 $6,047153.78 $7306,025.73 $5,442 438.40 $6,349 511.47 k
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History octoring Bookmarks + ctorio.com/secured lockdown Tab Profiles abled: Midterm Exam - Spring 2024 Activity Cost Pool Machine setups Purchase orders Order size Window Help Overhead cost per unit Cost $ 13,200 $ 85,680 $ 26,840 Product F 120 setups 882 orders 1,270 hours Daba Company manufactures two products, Product F and Product G. The company expects to produce and sell 1,400 units of Product F and 1,800 units of Product G during the current year. The company uses activity-based costing to compute unit product costs for external reports. Data relating to the company's three activity cost pools are given below for the current year: Estimated Overhead Product G Product F Saved Expected Activity Product G 80 setups 1,638 orders 1,170 hours Total 208 setups 2,528 orders 2,448 hours Required: Using the activity-based costing approach, determine the overhead cost per unit for each product. (Round your answers to 2 decimal places.) MAR 8 < Prev Welp Sowe Schut 3 of 3 tv
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CARNING SYSTEM (ACADEMI entory Management - Spring21 Time left 1:39:43 XYZ Company is specialized in mangoes distribution in the city of Muscat. Sales are 400 boxes (unit) per month. It costs. OR 10 to make and receive an order and holding cost is OR 3.5 per box per year. The prices depend on quantities ion purchased such that the order quantities from 1 to 199 at a unit price RO 5; quantity 200 to 499 at a unit price 4.5 RO; and quantity 500 and more at a per unit price of 4 RO. If the discount option is considered, then the best decision that minimizes the total annual inventory cost is ut of O a 200 units. Total cost=27,240 O b. 500 units. Total cost = 20.171 O c. 450 units. Total cost = 23,500 O d. Noneis correct O e. 185 units, Total cost= 30,649 NEXT PAGE EVIOUS PAGE
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plz solve it within 30-40 mins I'll give you multiple upvote
Chatsworth Company Month Expected Sales July $40,000 August $50.000 September $30,000

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