Reeves City uses the consumption method to account for supplies. At the beginning of the year, the city had $50,000 of supplies on hand. During the year, the city purchased $750,000 of supplies. The city used $500,000 of those supplies during the year. At fiscal year end the appropriate account balances related to supplies expenditures and supplies inventory would be

Which of the following statements is true about financial planning

The treasurer for pittsburgh iron works wishes to use financial futures to hedge her interest rate exposure. she will sell five treasury futures contracts at $139,000 per contract. it is july and the contracts must be closed out in december of this year. long-term interest rates are currently 7.30 percent. if they increase to 9.50 percent, assume the value of the contracts will go down by 20 percent. also if interest rates do increase by 2.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $149,000. this expense, of course, will be separate from the futures contracts. a. what will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by december when the contract is closed out

Which of the following is least likely to a team solve problems together