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Question
KidCo bought forward contracts on 20,000 bushels of corn at $1.65 per bushel. Corporate tax rates are 35.00%. Revenue is $100,000 and other costs are $60,000. Spot prices on corn are $1.75 per bushel. Calculate the after-tax net income.A) $7,000 loss
B) $7,000 gain
C) $4,550 loss
D) $4,550 gain
Answer
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Related questions
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