Futures are available on six-month T-bills with a contract size of $500,000. If you take a long position at 94.75 and later sell the contracts at 95.18, what is the total net gain or loss on this transaction?
Q: hi expert please help me financial accounting
A: Step 1: Definition of Times Interest Earned (TIE) RatioThe Times Interest Earned (TIE) ratio…
Q: What is the gross margin percentage of this financial accounting question?
A: Step 1: Definition of Gross Margin PercentageThe Gross Margin Percentage is a financial metric that…
Q: Compute the production cost
A: Explanation of Variable Costing:Variable costing is an accounting method that only considers…
Q: For the year
A: Step 1: Predetermined overhead rate Predetermined overhead rate = Estimated manufacturing…
Q: Calculate the opereting cash flow?
A: Operating Cash Flow (OCF) represents the cash generated from a company's core business activities,…
Q: ABC is an all-equity firm that has 44,200 shares of stock outstanding at a market price of $14.70…
A: Step 1: Calculate the Total Market Value of the FirmThe total market value of the firm (equity)…
Q: Answer
A: Step 1: Definition of Work-In-Process InventoryWork-in-process inventory refers to partially…
Q: Need step by step answer
A: Explanation of Revenue:Revenue refers to the total earnings a company generates from selling goods…
Q: What is the average collection period for accounts receivable in days of this financial accounting…
A: Step 1: Define Average Collection PeriodThe Average Collection Period measures the average number of…
Q: Kendall Company has sales of 1,990 units at $63 a unit. Variable expenses are 42% of the selling…
A: Concept of Contribution MarginThe Contribution Margin (CM) represents the amount of sales revenue…
Q: Allocated to product C using the value basis of
A: Calculation of Sales of Product CSales of Product C = Gallons produced x selling price per gallon of…
Q: What is the true answer? general Accounting
A: Step 1: Define Net Income After Taxes and InterestNet income is the company's profit after deducting…
Q: Provide answer
A: 1) We know: * Base salary = $1,950 per month * Commission rate = 6.8% = 0.068 * Total paycheck =…
Q: Compute the total land cost of these financial accounting question
A: Start with the purchase price: $950,000Add demolition costs: $950,000 + $85,000 = $1,035,000 Add…
Q: Hi expert please give me answer general accounting question
A: Service cost180000Add: Interest cost: Beginning defined benefit obligation1300000 Discount…
Q: Taxable gain on the sale?
A: Step 1:Sorry but this image in not proper.. please provide correct Step 2: Step 3: Step 4:
Q: Hii ticher please given correct answer general Accounting
A: Step 1: Define Dividend YieldThe dividend yield depicts the percentage value of the company's…
Q: Financial Accounting
A: Step 1: Define Interest ExpenseInterest Expense is the cost a business incurs for borrowing money.…
Q: Can you help me with accounting questions
A: Step 1: Definition of Inventory Elimination in ConsolidationIn consolidated financial statements,…
Q: answer plz
A: Capital Gain = Selling Price - Purchase Price = $43.89 - $42.67= $1.22 Capital gains yield:Capital…
Q: Determine the manufacturing overhead application rate
A: Step 1: Definition of Manufacturing Overhead Application RateManufacturing Overhead Application Rate…
Q: Give me ans
A: The question requires the determination of the sales for the month. Monthly sales refer to the total…
Q: How much of the $48000 should be allocated to each division
A: Concept of Cost AllocationCost allocation is the process of distributing a shared cost across…
Q: Accounting problem
A: Explanation of Cost of Goods Sold (COGS):The Cost of Goods Sold (COGS) represents the direct costs…
Q: Provide answer please
A: Explanation of Assets:Assets represent the resources owned by a business that have economic value…
Q: What is the couple marriage penalty or benefit?
A: 1. Filing Jointly (combined taxable income of $300,000):Tax on $300,000 (2013 tax brackets for…
Q: Karan Financial Services has total sales of $890,000, costs of $365,000, depreciation expense of…
A: Explanation of EBIT (Earnings Before Interest and Taxes): This represents a company's operating…
Q: MCQ
A: Given:ROA = 5%Sales = $150Total assets = $200 Formula:Profit margin = Net income / Sales * 100Net…
Q: ?!
A: Step 1: Introduction to factory overheadsFactory overheads are defined as indirect costs that are…
Q: final answer is
A: Step 1: Definition of Retail PriceRetail price is the price of a product at which it is sold in the…
Q: hi expert please solve questions
A: Step 1: Definition of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) refers to the direct costs…
Q: need help this questions
A: Step 1: Definition of Accounting Equation:The accounting equation is the basis for determining and…
Q: What is the net operating income of this financial accounting question?
A: Step 1: Define Net Operating Income (NOI)Net Operating Income (NOI) measures a company's operating…
Q: provide correct answer
A: Step 1: Definition of Total Product CostThe Total Product Cost includes all costs related to…
Q: How much interest expense is incurred of this financial accounting question?
A: Step 1: Define Interest ExpenseInterest Expense is the cost incurred by a company for borrowing…
Q: None
A: Step 1: Definition of Operating Cash Flow (OCF)Operating cash flow (OCF) represents the cash…
Q: help me to solve this questions
A: The Gross Profit Margin is a financial metric that shows the percentage of revenue that exceeds the…
Q: ? Financial accounting question
A: Step 1:First, calculate the expected dividend payment using the dividend discounted model: Stock…
Q: General Accounting question
A: To determine the most profitable option, We have to calculate revenue and profit earned from both…
Q: Need help with this accounting questions
A: Step 1: Definition of Capital Raised from Bond IssuanceThe capital raised from bond issuance refers…
Q: Give me correct answer this financial accounting question
A: Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) is a financial ratio that…
Q: Solve this Accounting problem
A: Step 1: Formula Profit margin = Operating income/Net sales Step 2: Substitution Profit margin =…
Q: Kindly help me with accounting questions
A: 1. Concise Calculation:Net Income: ($725,000 - $98,000) - $188,100 = $438,900EPS: $438,900 / 80,000…
Q: Please provide answer this general accounting question not use ai
A: Step 1: Define Absorption CostingAbsorption costing is a method of costing where all manufacturing…
Q: ABC is an all-equity firm that has 44,200 shares of stock outstanding at a market price of $14.70…
A: To determine the number of shares outstanding after the debt issuance and share repurchase, follow…
Q: 4 PTS
A: The economic entity assumption is a fundamental principle in accounting that posits that a business…
Q: General accounting question
A: Step 1: Definition of Equivalent Units for Conversion Costs (Weighted Average Method)The Weighted…
Q: Financial Accounting Question
A: Step 1: Definition of Sustainable Growth Rate (SGR)The Sustainable Growth Rate (SGR) represents the…
Q: Sophia, a single taxpayer, bought her home in Santa Clara 30 years ago for $75,000. She has lived…
A: Realized Gain = Sale Price - Purchase Price= $460,000 - $75,000Realized Gain = $385,000 Since Sophia…
Q: Need answer
A: Explanation of Net Income: Net income represents the company's total earnings or profit for a…
Financial accounting question
Step by step
Solved in 2 steps
- NoneSubject general accountingAssume today's settlement price on a CME EUR futures contract [with EUR 125,000 per contract] is $1.1500/EUR. You have a short position in one contract. Your performance bond account currently has a balance of $2,500. The next three days' settlement prices are $1.1450/EUR, $1.1400/EUR, and $1.1600/EUR. Calculate the changes in the performance bond account for each day (show the value each day) from daily marking-to-market and the balance of the performance bond account at the end of the third day. (fill in each box below with the dollar amount in the margin account after settlement each day, use whole dollars, no decimals, no $ symbol) Performance bond/margin-Day1 Performance bond/margin-Day2 Performance bond/margin-Day3
- Assume today's settlement price on a CME EUR futures contract is $1.1140/EUR. You have a short position in one contract with a standard contract size of 125,000€. Your performance bond account currently has a balance of $2,000. The next three days' settlement prices are $1.1126, $1.1133, and $1.1050. Calculate the balance of the performance bond account after the third day.(mark-to-market) You enter a short position in a € future contract with the size of €125,000 today. The futures expire in 90 days. The interest rates are i$=5.9% and iç-6.1%. The current spot rate is $1.38/€. Assume 360 days a year. If the spot rate is $1.37% € the next day and interest rates remain the same, your profit or loss for this day is $___________ __.(Keep the sign and two decimal places.)(mark-to-market) You enter a long position in a € future contract with the size of €125,000 today. The futures expire in 90 days. The interest rates are i$=2.6% and iç-5.5%. The current spot rate is $1.38/€. Assume 360 days a year. If the spot rate is $1.36/€ the next day and interest rates remain the same, your profit or loss for this day is $_ ____.(Keep the sign and two decimal places.)