Purchase Solution

To calculate the lowest price for a day

Not what you're looking for?

Ask Custom Question

A corn futures contract closed yesterday at a price of $2.42 a bushel. The maximum daily price range is $0.20 and the daily price limit is $0.10. Therefore, the minimum change in the price today is $0.10 a bushel.

Highest closing price for today is $2.62 a bushel.
Lowest closing price for today is $2.32 a bushel.
The most the price can fluctuate today is $0.10 a bushel.

Purchase this Solution
Solution Summary

This post shows the how to calculate the lowest price for a day giving highest and lowest closing prices.

Solution Preview

Answer: lowest closing price for today is $2.32 a bushel.

Maximum daily price range is the limit ...

Purchase this Solution
Free BrainMass Quizzes
Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.

Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

Introduction to Finance

This quiz test introductory finance topics.

Learning Lean

This quiz will help you understand the basic concepts of Lean.

View More Free Quizzes
Related BrainMass Solutions

  • Income statement; financial performance; expected value

    What are the highest and the lowest price at which the stock traded during the latest 52-week period? The highest price is $84.12 The lowest price is $51.25 h. How many shares of stock were traded on the day quoted? 12432 i.

  • Stock Analysis

    Hint: Look at the formulas for the daily returns. Any return is basically calculated the same way: price of the day when you sell minus price on the day that you bought, divided by price on the day that you bought).

  • Calculating a competitive industry's long-run equilibrium

    Given data on a typical firm's cost function, this solution shows how to calculate the market price for the industry in long-run equilibrium.

  • Fractions Word Problems

    That means that there will probably be two overnight stops (drive for one day, spend the night at a motel, drive for another day, spend the night at a motel, drive for less than a day to get to the final destination). 2 motel stays x 12 hours = 24

  • Relevant costs and Operating Income

    Problem 2: Calculate the lowest unit selling price that could be charged for the F-27 model and still make it economically desirable for Flint to add the new product line.

  • Measures of central tendencies

    Half of the prices for meals in this day care fall below $1.65, so a half of the meals purchased in the day care would be at or below this value.

  • Operations Management Case Studies

    As crash cost/day is minimum for activity F, We would crash activity F by 1 day to reduce the duration of the project by 1 day (=20 days). Lowest Project cost=$88,400+$1800=$90,200 c.)

  • Managerial Cost using EOQ and transfer pricing

    Calculate the profit if the transfer price is set at $140 per unit. Please see the attached excel file too. Calculate the EOQ if the company is expecting to sell 5,000 units, has a $2 per unit carrying cost, and has a cost of $10 per order.

  • Operations Management Inventory Quantity Discounts

    best option for Supplier A is Unit Price $13.8, which has the lowest Total Cost.

View More Related Solutions