What Is the Closing Value of One December Futures Contract

question 25

Multiple Choice

What is the closing value of one December futures contract on corn?

• A) $6.17
• B) $617.00
• C) $30,850
• D) $308,500
• E) $3,085,000

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Definitions:

Asset Turnover Ratio

A financial metric that measures the efficiency of a company in using its assets to generate sales or revenue.

Leverage

The strategic use of an organization's resources or position within a market or industry to gain advantage and increase its influence or outcomes.

Activity

Involves actions or tasks performed, typically by individuals or groups, to achieve a specific objective.

Profitability

A measure of the efficiency of a company in generating profit, calculated as net income divided by revenue, indicating financial health and operational effectiveness.