Outline the overall approach to evaluating wool classes.
What will be an ideal response?
Evaluators should approach wool classes with the mindset that each class is designed to be logical. These classes tend to be less subjective than other contests. First, evaluators analyze the four fleeces from a distance, which is critical to formulating a general placing. While doing so, evaluators should be sure to take notes on the class and determine distinguishing characteristics of each fleece. As a next step, evaluators should look at the sizes of the fleeces and consider the larger ones because pounds of clean wool are most desirable. After that, evaluators should handle each fleece to determine weight and expected yield. As a final step, evaluators should pull locks of wool from at least four different areas to evaluate length, character, uniformity, weak or tender fibers, and definite breaks_
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What will be an ideal response?Frontier Airlines hedged the cost of jet fuel by purchasing options that allowed the airline to buy fuel at a fixed price for 2 years. The savings in fuel costs were $140,000 in month 1, $141,400 in month 2, and amounts increasing by 1% per month through the 2-year option period. What was the present worth of the savings at an interest rate of 18% per year, compounded monthly?
What will be an ideal response?
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