Describe futures contracts and forward contracts and list two differences between them. (10 points) Futures contracts: Forward contracts: Difference: Difference:

See Explanation Below

Step-by-step explanation:

The concept of forward contract is such that it is a form of accordance that exist between two parties (rhey buyer and seller) on a particular transaction which is to be carried out or executed at a later or future date.

While

The concept of futures contract is such a contract that exist between two parties where both parties agree to buy and sell a particular asset of specific quantity and at a predetermined price, at a specified date in future.

The differences between them are

1. Futures contracts are of high standard whereas the terms of each forward contract can be negotiated.

2 Futures are traded on an exchange whereas forwards are traded over-the-counter.

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step-by-step explanation:

$2416.6

step-by-step explanation:

per hour = $ 25

total work time = 35

commission = 15%

total she has to make = $ 4,500

let she sold x dollar products

so her commission will be 15 % of x

now

total = weekly basic pay + commission

4500= (25*35) + 15 % of x

4500=875 + * x

4500-875 =   * x

3625= * x

multiplying wwith 100 on both sides gives

36250 = 15 x

now

x =  

x= $2416.6