. sales
SECTION B
ving balances were extracted from her
QUESTION 1
Akindele is in the import/export business. The following balances were e
books on 30 September, 2018
306 000
28 300
Sale's
147 600
12 800
13 400
51 100
6 900
11 800
2 700
17 400
360
Carriage on sales
Purchases
Carriage on purchases
Stock at 1 October, 2017
Wages and salaries
Rent rates and insurance
Advertising costs.
Motor vehicle expenses
Office expense
Provision for doubtful debts
Cash at bank
Motor vehicles at cost
Provision for depreciation of motor
Vehicles at 1 October, 2017
Debtors
Creditors
Drawings
Capital at 1 October, 2017
7 140
15 500
- 3 100
38 000
15 500
12 320
40 000
364 960
364 960

What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk

Profits from using currency options and futures.on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda.com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2

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