A farmer sells 4 million bushels of corn at a spot price of $2.10 per bushel. The total cost of production was $9.2 million. The farmer has an effective tax rate of 25%
If the farmer entered into a futures contract at a price of $2.40 per bushel on 4 million bushels, what is the farmer's net loss or gain?
A) $100,000 loss
B) $800,000 loss
C) $300,000 gain
D) $400,000 gain
C
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Which of the following best describes relational returns?
A. the psychological returns people believe they receive in the workplace B. one-time payments for meeting previously established performance objectives C. all rewards received by employees, including cash compensation, benefits, and psychological returns D. all forms of financial returns and tangible services that employees receive as part of an employment E. programs that help employees better integrate their work and life responsibilities
The failure to prevent generic use of tradenames and trademarks can result in a loss of protection
Indicate whether the statement is true or false
Identification is the process where the verifier determines whether the supplicant is a particular person that the supplicant claims who he or she is
Indicate whether the statement is true or false.
Which of the following is a sales activity that is typically performed by a warehouse manager?
A) shipment B) payment C) marketing D) manufacturing