What Is the Closing Value on This Day for One

question 275

Multiple Choice

What is the closing value on this day for one December futures contract on corn?

Corn - 5,000 bu.; cents per bu.

• A) $12,030
• B) $12,620
• C) $12,640
• D) $12,765
• E) $12,795

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Definitions:

Gross Margin

The difference between revenue and cost of goods sold divided by revenue, expressed as a percentage, indicating the financial health and efficiency of a product or business.

Gross Margin Ratio

A profitability metric that measures the difference between sales and the cost of goods sold, expressed as a percentage of sales.

Favorable Ratio

A ratio that indicates a positive outcome, often related to financial performance, such as higher revenue or lower expenses compared to previous periods.

Acid-Test Ratio

A financial metric used to evaluate a company's ability to pay off its current liabilities with its quick assets.