Answer:
option (C) $11.50
Explanation:
Data provided in the question:
Common stock = 20,000
shares issued = 10,000
shares outstanding = 9,000
Paid-in capital in excess of par value = $100,000
common stock = 50,000
Retained earnings = 25,000
Value of Treasury stock = $11,500
Now,
Shares brought back as Treasury Stock
= shares issued - shares outstanding
= 10,000 - 9,000
= 1,000
therefore,
The cost per share of the treasury Stock
= ( Value of Treasury stock ) ÷ ( Shares brought back as Treasury Stock )
= $11,500 ÷ 1000
= $11.50
Hence,
The correct answer is option (C) $11.50
I think the answer is problem solver (but I’m not 100% sure)
Answer:
$3,500 Unfavorable
Explanation:
The computation of variable overhead efficiency variance for Clan for November Year 2 is shown below:-
Variable overhead efficiency variance
= (Standard labor hours - actual labor hours) × (Standard variable overhead rate)
= (3,500 × 2 - 7,500) × $7
= (7,000 - 7,500) × $7
= $3,500 Unfavorable
Therefore for computing the Variable overhead efficiency variance we simply applied the above formula.
Answer:
a. A long position is a bet that the number is going to fall while a short position is a bet that the number will rise in the future.
Explanation:
The derivative contract is a contract in which the contract is to be done between two or more parties regarding the value i.e. depend upon the financial asset i.e. underlying. It involves the bonds, commodities, etc
So according to the given options, the option a is correct as long position is a bet in which the number is to be decline while on the other hand in the short position the number would increase
