The seller of a futures contract group of answer choices has the option of canceling the contract the following day if the price is not acceptable to him/her. is legally bound to make delivery of the specified item on the specified day. receives the entire contract amount at the time the contract is made. must make delivery before receiving any monies on the contract.

Job a3b was ordered by a customer on september 25. during the month of september, jaycee corporation requisitioned $2,400 of direct materials and used $3,900 of direct labor. the job was not finished by the end of the month, but needed an additional $2,900 of direct materials in october and additional direct labor of $6,400 to finish the job. the company applies overhead at the end of each month at a rate of 100% of the direct labor cost. what is the amount of job costs added to work in process inventory during october?

How will firms solve the problem of an economic surplus a. decrease prices to the market equilibrium price b. decrease prices so they are below the market equilibrium price c.increase prices

Double corporation acquired all of the common stock of simple company for