What is the change in the value of seven November heating oil contracts for the prices displayed?HighLow Close3.7489 3.6652 3.7324ContractOpenNov, Heating oil, 42,000 gal, $ and cents/gal 3.6730Nov, Crude oil, 1,000 bbls. $ and cents/bbl 122.71124.50 122.70 124.40

Price Change: We can see the price went from an open of $3.6730 per gallon to a close of $3.7324 per…

Answered: What is the change in the value of…

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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Assume the average vehicle selling price in the United States last year was $36,420. The average price ten years earlier was $27.208. What was the annual increase in the selling price over this time period? Multiple Choice 2.96% 3.22% 2.45% 3.71%
ABC Co. bought 20 long forward contracts for corn at strike price of $3.67 per bushel (each contract is for 5,000 bushels). How much is the profit (loss) of ABC Co. if the actual market value of corn on agreed date contract at $3.78?a. $9,500b. ($9, 500)c. ($11,000)d. $11,000
14. What is the fixed portion of Miramax's electricity expense rounded to the nearest peso? Miramax Corp. wishes to determine the fixed portion of its electricity expense (a semi- variable expense), as measured against direct labor hours, for the first three months of 2021. Information for the first three months of 2021 is as follows: Direct labor hours Electricity expense January 2021 34,000 P610 February 2021 31,000 585 March 2021 34,000 610 OA. P283 OB. P327 OC. P372 OD. P408
How much is the Output VAT? Sale on Account to Government (VAT Inc) 672,000.00 Input VAT paid pertaining to the sale 32,000.00 80,640 72,000 64,286 O Other:
Y8
18) Hopner Products enters into a contract with Tulles to sell three different products. The total transaction price is $350,000. Each of the products is a separate performance obligation. Based on the information presented in the table, what is the allocated transaction price of product Z using the adjusted market assessment approach? (Round intermediary percentages to the nearest hundredth percent, and round your final answer to the nearest whole number.) Product X Y Z A) $104,055 B) $116,286 C) $116,667 D) $90,000 Standalone Price Market Price $130,000 $110,000 $120,000 $150,000 Not Available $110,000
M7
Jordan Cameras, Incorporated manufactures two models of cameras. Model ZM has a zoom lens; Model DS has a fixed lens. Jordan uses an activity-based costing system. The following are the relevant cost data for the previous month: Direct Cost per Unit Direct materials Direct labor Category Unit level Batch level Product level Facility level Total Estimated Cost $ 25,960 49,920 90,000 180,000 $ 345,880 Model ZM $ 20.70 29.40 Cost Driver Model DS $7.00 9.00 Number of units Number of setups Number of TV commercials Number of machine hours Amount of Cost Driver ZM: 2,500 units; DS: 9,300 units ZM: 26 setups; DS: 26 setups ZM: 14; DS: 11 ZM: 300 hours; DS: 600 hours Jordan's facility has the capacity to operate 2,700 machine hours per month. Required a. Compute the cost per unit for each product. b. The current market price for products comparable to Model ZM is $118 and for DS is $68. If Jordan sold all of its products at the market prices, what was its profit or loss for the previous month?…
NEED IN 10 MINUTES ABC has entered into a non-cancellable purchase contract which the company to purchase 5,000 sacks of copra from seller at P650 per sack middle of 20x1. By the end of 20x1, the price of copra per sack increases to P670 and by the end of the first quarter of 20x2, it rolls back to 630 a sack when ABC made the actual purchase triggered from the continuing decline since 20x2 commenced. At initial recognition, determine the amount that will be shown in the statement of financial performance related to this transaction? (sample answer: 1,000 gain or 1000 loss
XIV. Allocating the Transaction Price Ging Systems sold software to a customer for P80,000. As part of the contract, Ging provide "free" technical support over the next six months. Ging sells the same sodware w technical support for P70,000 and a stand-alone six-month technical support cont P30.000, so these products would sell for P100,000 it sold separately. Required: 1. Indicate the transaction price for each of these transactions and when revenue wi recognized. 2. Prepare Ging's journal entry to record the sale of the software.
a.) Fair 2 month Forward $125.70 Fair 6 month Forward $126.68 Fair 1 year Forward $113.86 Assume that the information in part (a) is still applicable, but that the forward contracts are trading at the following prices: 2-month forward $125.25 6-month forward $121.77 1-year forward $116.34 Output: Describe the strategy you would use to achieve arbitrage profits (if possible), and calculate the arbitrage profit for each of the three forward contracts. For each strategy assume that it will cost you $2.5 to execute all the trades (round trip), as your total transaction cost (subtract $2.50 at the end).
E2

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What is the change in the value of seven November heating oil contracts for the prices displayed? High Low Close 3.7489 3.6652 3.7324 Contract Open Nov, Heating oil, 42,000 gal, $ and cents/gal 3.6730 Nov, Crude oil, 1,000 bbls. $ and cents/bbl 122.71 124.50 122.70 124.40