Jefferson Company Entered into a Forward Contract with Washington Company

question 8

Essay

Jefferson Company entered into a forward contract with Washington Company on October 1,2014,under which Jefferson agreed to buy (and Washington agreed to sell)10,000 tons of coal at $80.00 per ton in 90 days.On October 1,2014,the price of coal is $82.00 per ton.On December 29,2014,the price of coal is $85.00 per ton.The contract allows for net settlement.
Required:
Determine the net settlement on the forward contract.

Understand the principles behind cognitive dissonance and self-perception theories and how they explain attitude and behavior changes.

Comprehend the concept and effects of self-fulfilling prophecy within social contexts.

Appreciate the importance of specific attitudes in predicting behaviors and decisions.

Recognize the influence of initial information on impression formation and the role of the primacy effect.

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Definitions:

Structural Coherence Plan

A planned approach ensuring that the various parts of a text or system are logically connected and unified.

Explanations

Statements or accounts that make something clear or understandable, often detailing causes, contexts, or reasons.

Introductions

The initial section of a document or speech that sets the stage for the content to follow, typically outlining the purpose or main topics.

Severe Time Constraints

Extremely limited or strict time periods within which tasks or objectives must be completed.