You buy a NYMEX WTI Crude Oil Futures 1,000 barrel contract at a price of $50 per barrel. You decide to buy on margin where the margin requirement is 20%. In November, the price of oil rises to $55 per barrel based on expectations that OPEC will reduce oil supplies. What will be your percentage profit or loss on the contract
Answers: 3
Business, 22.06.2019 14:20
For the year ended december 31, a company has revenues of $323,000 and expenses of $199,000. the company paid $52,400 in dividends during the year. the balance in the retained earnings account before closing is $87,000. which of the following entries would be used to close the dividends account?
Answers: 3
Business, 22.06.2019 15:40
Rachel died in 2014 and her executor is finalizing her estate tax return. the executor has determined that rachel’s adjusted gross estate is $10,120,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. using 2014 rates, calculate the estate tax liability for rachel’s estate.
Answers: 1
Business, 22.06.2019 21:40
Which of the following distribution systems offers speed and reliability when emergency supplies are needed overseas? a. railroadsb. airfreightc. truckingd. pipelinese. waterways
Answers: 2
You buy a NYMEX WTI Crude Oil Futures 1,000 barrel contract at a price of $50 per barrel. You decide...
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