Suppose That You Sold a Futures Contract for $3

question 17

Multiple Choice

Suppose that you sold a futures contract for $3.75 per bushel and the contract ended at $3.60 after several days of closing prices of $3.80, $3.70, $3.65, $3.70, $3.65, and $3.60. What would the mark to market sequence be? (Cash flow per bushel, in $.)

• A)−0.05, 0.10, 0.05, −0.05, 0.05, 0.05
• B)0.05, −0.10, −0.05, 0.05, −0.05, −0.05
• C)−0.05, 0.05, 0.10, 0.05, −0.09, −0.15
• D)0.05, −0.05, −0.10, −0.05, −0.09, −0.015

Analyze the concept and consequences of "tracking" in education.

Understand the role of peer groups in children's socialization.

Discuss the various ways families and society socialize children.

Understand the central role of culture in individual and group identity.

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Definitions:

Direct Labor-hour

The number of labor hours spent on the direct production of goods or services.

Manufacturing Overhead

Costs incurred from the manufacturing process, which exclude both direct labor and materials, are categorized as indirect costs.

Estimated Total

An approximation of the total value, cost, or quantity of a particular item or project.

Total Job Cost

The comprehensive cost associated with a specific job or project, including materials, labor, and overhead.