What is the six-month forward price of gold

Assignment Help Financial Accounting
Reference no: EM132884420

Question - The three-month forward price of gold is $1,500 per pound. If the continuously compounded interest rate is 4.33% per annum, what is the six-month forward price of gold?

a. $1,514.12

b. $1,518.78

c. $1,520.83

d. $1,522.67

e. $1,516.34

Reference no: EM132884420

Questions Cloud

Case incident-hi-tech printing-signs : Hi-Tech Printing and Signs produces a wide variety of printing and signage products for commercial and individual customers. The company employs 85 staff, of wh
Implementation evaluations : Implementation Evaluations can prove to be quite an effective tool, in determining if the deployed system fulfills the needs
Discuss your top three hr priorities over the next five year : Discuss your top three HR priorities over the next five years, and explain why they are the most urgent and important.
Innovation and creativity in mobile space : Choose a business, not-for-profit or governmental unit that you use regularly that currently has no mobile e-commerce functionality.
What is the six-month forward price of gold : If the continuously compounded interest rate is 4.33% per annum, what is the six-month forward price of gold
Adding value in nike production line : After reading the article "Adding Value in Nike's Production Line" and watching the "Behind Nike Flyprint and Zoom Series
Commitment to ethical management : Every company has rules, guidelines, codes of conduct, and values statements aiming to guarantee its commitment to ethical management. Despite this
Evolution in health care is use of social media : Part of the evolution in health care is the use of social media to help motivate and support health behavior change in areas such as weight loss,
Modifications in performance appraisal system of company : Question 3. On what lines would you recommend modifications in the performance appraisal system of the company?

Reviews

Write a Review

Financial Accounting Questions & Answers

  How many visits would take for be worthwhile financially

A snowplow service charges $10 per visit or $130 for the entire winter. How many visits would it take for it to be worthwhile financially to pay

  Find how much should high school graduate expect to get

Assume that your selected job has a retirement plan, How much should a high school graduate expect to get if they also save 7% of their salary for 38 years?

  What is the present value of the financial instrument

A financial instrument pays $100,000. In the second year the interest rate is compounded semi-annually. What is the present value of the financial instrument?

  Make general journal entries to record transaction in books

Prepare the General Journal entries to record the transactions in the books of Berwick Enterprises using Perpetual inventory method.

  Prepare income statement and record the adjustment to income

Prepare income statement and record the adjustment to income taxes. Paid $125,000 salaries expense, $56,000 rent expense, and $5,000 insurance expense.

  Prepare the various budgets that comprise the master budget

The company has gathered information from its managers in preparation of the budgeting process. This problem asks you to prepare the various budgets that comprise the master budget for 2014.

  What cash management action most likely occurred during year

Find What is the primary purpose of the statement of cash flow? What cash management actions most likely occurred during the year?

  How much should madison record for bad debt expense

Accounts Receivable method and estimates 2% of accounts receivable to be uncollectible. How much should Madison record for bad debt expense?

  Company is organized into mainly profit-center divisions

A large electronics company is organized into mainly profit-center divisions. The components division and the consumer electronics division are profit-center divisions of the company. The components division produces individual chips and other electr..

  What is its gross profit

Assuming that Bradley Corporation sold 18,000 units during the last six months of the year at $13 each, what is its gross profit?

  How much did grant borrow

How much did Grant borrow? (Round factor values to 4 decimal places, e.g. 1.5214 and final answer to nearest whole dollar, e.g. 5,275.)

  The exercise of the conversion option on convertible debt

On the Statement of Cash Flows, the exercise of the conversion option on convertible debt would be: Identify which of the following is an accurate description of the proper accounting treatment or the ongoing valuation basis.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd