What is your total dollar profit on the contract

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Reference no: EM131987212

1. You buy a futures contract on 100K AUD (Australian dollar), with a strike price of 75.9 cents per AUD. Lucky for you, the AUD appreciates to 80.2 cents. What is your total dollar profit on the contract? Enter answer in dollars.

2. Laurel Electronics reported the following information at its annual meeting: The company had cash and marketable securities worth $1,235,455, accounts payables worth $4,159,357, inventory of $3,586,415, accounts receivables of $4,411,588, short-term notes payable worth $1,355,908, and other current assets of $121,455. What is the company's net working capital?

Reference no: EM131987212

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