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16.03.2023 07:14
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This morning a cereal maker agreed to pay a farmer $4.40 a bushel for 5,000 bushels
This morning a cereal maker agreed to pay a farmer $4.40 a bushel for 5,000 bushels of wheat that the farmer will ship to the factory four months from now. what is this legally binding agreement called?
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20cschultz
4,5(75 marks)
Forward contract
Explanation:
Under a forward contract the contract is made for a future supply of goods and services, and the rate is predetermined in present.
Further, the forward contract is the contract made for hedging of funds or for speculation of funds, it basically is used for hedging as the future price of goods are not specified at present, and thus the predetermined rate helps in gaining extra profits through hedging.
Thus, the correct word the future date contract at predetermined rate = Forward contract.
alyssadgonzalez
4,4(77 marks)
Here is the answer that would best complete the given statement above. The format and design of pipeline marker signs may vary but should include a warning sign, the product being transported within, the operator s name, and A TELEPHONE NUMBER WHERE THE OPERATOR CAN BE REACHED. Hope this answers your question. Have a great day!
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