Exercise 23-7 rensing ltd. estimates sales for the second quarter of 2017 will be as follows. month units april 2,600 may 2,470 june 2,320 the target ending inventory of finished products is as follows. march 31 2,030 april 30 2,200 may 31 2,130 june 30 2,380 2 units of material are required for each unit of finished product. production for july is estimated at 2,600 units to start building inventory for the fall sales period. rensing’s policy is to have an inventory of raw materials at the end of each month equal to 70% of the following month’s production requirements. raw materials are expected to cost $4 per unit throughout the period. calculate the may raw materials purchases in dollars. raw material purchases cost

Greater concern for innovation and quality has shifted the job trend to using more broadly defined jobs. t/f

Describe the three different ways the argument section of a cover letter can be formatted

Profits from using currency options and futures.on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda.com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2