Explain what is meant by open interest. why does the open interest usually decline during the month preceding thedelivery month? on a particular day, there were 2,000 trades in a particular futures contract. this means that there were 2000 buyers (going long) and 2000 sellers (going short). of the 2,000 buyers, 1,400 were closing out positions and 600 were entering into new positions. of the 2,000 sellers, 1,200 were closing out positions and 800 were entering into new positions. what is the impact of the day's trading on open interest?

When color is used on a topographical drawing, black is used to represent what?

The role of the credit department includes: a. evaluating customers' credit applications to determine whether they meet the company's approval standards. b. approving all credit applications in order to avoid losing sales. c. collecting cash from customers. d. following unwritten approval standards for processing customers' credit applications.

Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year.a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs.b. calculate the eoq.c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?