On January 31, a company takes a short position in June futures on 185,000 oz of silver at $17-7550/oz. The size of one contract is 5,000 oz. The initial margin is $15,960 per contract and the maintenance margin is $13,300 per contract. 1. How much money has to be deposited as the initial margin for the whole position? 2. What is the smallest price change that would lead to a margin call? 3. What should be the closing price of June silver futures on January 31, for the exchange to withdraw $48,433.00 from the margin account in the process of daily settlement? 4. What should be the closing price of June silver futures on January 31, for the exchange to deposit $90,483.50 to the margin account in the process of daily settlement? 5. What amount (if any) would be required to be deposited by the company to the margin account if the closing price of June silver futures on January 31 were $18.4147/oz?

Which of the following best explains why large companies have an advantage over smaller companies? a. economies of scale make it possible to offer lower prices. b. the production possibilities frontier is wider for a larger company. c. decreasing marginal utility enables more efficient production. d. increasing the scale of production leads to a reduction in inputs.2b2t

Consider each of the following cases: case accounting break-even unit price unit variable cost fixed costs depreciation 1 127,400 $ 38 $ 25 $ 711,000 ? 2 124,000 ? 41 2,500,000 $ 900,000 3 5,753 117 ? 171,000 100,000 required: (a) find the depreciation for case 1. (do not round your intermediate calculations.) (b) find the unit price for case 2. (do not round your intermediate calculations.) (c) find the unit variable cost for case 3. (do not round your intermediate calculations.)

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)