Use the Following Soybean Futures Quotes to Answer This Question

question 29

Multiple Choice

Use the following soybean futures quotes to answer this question.

-Last week,you purchased four November 08 soybean futures contracts when the price quote was 1300΄6.What is your current profit or loss on this investment?

• A) -$3,100.00
• B) -$2,625.00
• C) -$31.00
• D) $987.50
• E) $3,350.00

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Definitions:

Supply Chain Design

The process of structuring a supply chain to meet the goals of cost, efficiency, delivery, and flexibility.

Significant Investments

involves allocating substantial financial resources into a project, asset, or venture with the expectation of achieving considerable returns or benefits.

Warehousing Space

The amount of physical area available for storing goods within a warehouse or distribution center, typically measured in square feet or meters.

Flexible Production Capacity

The ability of a manufacturing system to quickly adjust or scale production levels in response to changes in demand, market conditions, or production requirements.