Explain how profitable speculators should stabilize prices if they make profits over a long time period
What will be an ideal response?
Speculators' purchases raise prices, and their sales lower them. Therefore, if they are profitable over time, speculators should reduce natural gas price volatility because they
buy when prices are too low and sell when they are high.
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What level are inputs for estimating fair values are those inputs include quoted prices for similar assets or liabilities in active or inactive markets, other observable information such as yield curves and price indexes, and other observable data such as market-based correlation estimates?
a. Level 1. b. Level 2. c. Level 3. d. None of these.
Lana owns 50 shares of stock qualifying as Section 1244 stock. If she sells the stock to George, he can also treat the stock as Section 1244 stock.
Answer the following statement true (T) or false (F)
Aspen Corporation Data for Aspen Corporation for the year ended December 31, 2012, are presented below. Credit sales $2,100,000 Sales returns 150,000 Gross accounts receivable (December 31, 2012 ) 420,000 Allowance for bad debts (Before adjustment at December 31, 2012 ) 25,000 Estimated amount of uncollected accounts based on an aging analysis 75,000 Refer to the data provided for Aspen
Corporation. If Aspen uses 8% of accounts receivables to estimate its bad debts, what will be the balance in the Allowance for Bad Debts account after the adjustment for bad debts? A) $ 33,600 B) $ 25,000 C) $ 8,600 D) $ 50,000
Tianhui was recently hired as a sales representative by Oxtron, Inc Before leaving on his first sales trip, a number of the other sales representatives take Tianhui aside and tell him that it is customary for the sales representatives to "pad" (increase) their expense reports each month by 20%. Use utilitarian ethics to decide what Tianhui should do about the expense report he submits to Oxtron