Jenson Company Buys 20 Contracts on the Chicago Board of Trade

question 25

Short Answer

Jenson Company buys 20 contracts on the Chicago Board of Trade to receive October delivery of soybeans to a certified warehouse. Each contract is in units of 3,000 bushels at a futures price of $2.75 per bushel. The owner of the contract requires a margin account with an initial margin of $8,000, with a maintenance margin of $6,000. What entry will Jenson Company make to establish the margin account?

Define and differentiate the concept of "future favors" in a global context, contrasting it with similar concepts in American culture.

Illustrate the principle of utilitarianism and its application in real-life scenarios.

Understand the nature and types of attitudes related to prejudice.

Recognize the role of institutions like the Equal Employment Opportunity Commission in preventing discrimination.

---

Definitions:

Establish Expectations

The act of setting clear standards or criteria for performance or behavior.

Visuals

Images, diagrams, or other graphics used to convey information or illustrate concepts.

Printed Documents

Physical copies of texts, images, or both, produced on paper or similar materials through printing processes.

Interfere

To obstruct or prevent a process or activity from proceeding smoothly.