The current price of silver is $50 per ounce. The storage costs are $0.60 per ounce per year payable quarterly in advance. Assume that interest rates are 5% per annum for all maturities. What is the futures price of silver for delivery in twelve months? (Note: each period storage cost occurs at the beginning of each quarter.)

a. $53.18
b. $49.72
c. $32.17
d. $30.24

Which result is a positive aspect of globalization?

Case in point 1.2 suppose you work in the it department of global hotels, a multinational hotel chain. global hotels runs several specialized business support systems, including a guest reservations system that was developed in-house to meet the requirements of a large company with worldwide operations. guests can make one-stop online reservations by visiting global's website, which has links to all major travel industry sites. global hotels just acquired momma's, a regional chain of 20 motels in western canada. momma's uses a vertical reservations package suitable for small- to medium-sized businesses and a generic accounting and finance package. should momma's use global hotels' information systems or continue with its own? in your answer, consider issues such as business profiles, business processes, system interactivity, edi, ecommerce, and the characteristics of both information systems. what additional information would be to you in making a recommendation?

The strength of the economy depends on the balance pf production and consumption of goods and consumption of goods and services