You are the purchasing agent for a major cookie company. You anticipate that your firm will need 20,000 bushels of oats in December. You decided to hedge your position today and did so at the closing price on a day with reported prices of: Settle 418.50. Assume that the actual market price turns out to be 428.70 on the day you actually buy the oats. Oats futures contracts are based on 5,000 bushels and priced in cents per bushel. How much did you gain or lose by hedging your position

As a result of a thorough physical inventory, waterway company determined that it had inventory worth $320200 at december 31, 2020. this count did not take into consideration the following facts: walker consignment currently has goods worth $47400 on its sales floor that belong to waterway but are being sold on consignment by walker. the selling price of these goods is $75900. waterway purchased $21900 of goods that were shipped on december 27, fob destination, that will be received by waterway on january 3. determine the correct amount of inventory that waterway should report.