Eastmark electrical equipment manufacturers needs to secure its supply of copper for the next year. the price of copper is extremely volatile because of huge month-to-month variation in demand. eastmark wants to break even with a hedge against future copper prices. currently, the market price for copper is reasonably low at $4.00 per pound or $400 (cwt). eastmark has entered into a contract with the supplier for 575,000 pounds of copper per month starting in january at market prices. eastmark has also entered into a futures contract with a financial institution for 575,000 pounds per month at $4.00 per pound. cwt (hundredweight) is equal to 100 pounds in the united states.
1. calculate the one month financial and the physical results if the market price of copper has risen to $6.25per pound.

P11.2a (lo 2, 4) fechter corporation had the following stockholders’ equity accounts on january 1, 2020: common stock ($5 par) $500,000, paid-in capital in excess of par—common stock $200,000, and retained earnings $100,000. in 2020, the company had the following treasury stock transactions. journalize and post treasury stock transactions, and prepare stockholders’ equity section. mar. 1 purchased 5,000 shares at $8 per share. june 1 sold 1,000 shares at $12 per share. sept. 1 sold 2,000 shares at $10 per share. dec. 1 sold 1,000 shares at $7 per share. fechter corporation uses the cost method of accounting for treasury stock. in 2020, the company reported net income of $30,000. instructions a. journalize the treasury stock transactions, and prepare the closing entry at december 31, 2020, for net income. b. open accounts for (1) paid-in capital from treasury stock, (2) treasury stock, and (3) retained earnings. (post to t-accounts.) c. prepare the stockholders’ equity section for fechter corporation at december 31, 2020.

Suppose an economy has only two sectors: goods and services. each year, goods sells 80% of its outputs to services and keeps the rest, while services sells 62% of its output to goods and retains the rest. find equilibrium prices for the annual outputs of the goods and services sectors that make each sector's income match its expenditures.

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. ( t or f)