Budgeted direct materials quantity
4000 pounds
Actual direct materials quantity
4500 pounds
Direct materials quantity variance
4500-4000=500 pounds ( underapplied)
Answer: $20,000
Explanation:
To calculate Citicorp's profit or loss we can use the following formula,
The Citigroup's profit is computed as shown below:
= Exercise Price - Spot Price + Premium received
= $ 0.59 - $ 0.60+ $ 0.02
= $ 0.01 per euro is Citicorp's profit.
Total profit will therefore be:
= $ 0.01 x 2,000,000
= $ 20,000
$20,000 is Citicorp's profit on the call option.
If you need any clarification do react or comment.
Fees charge = 2%
Investment worth = $500,000
Amount due = 2/100 * 500,000 = 10,000
The amount Andrew will receive as compensation is $10,000.
a college professor gets paid 72,000 a year
Answer:
Part A: Liability Coverage
Explanation:
The automobile insurance policy that does not cover the insured in person but his liability to third party for bodily injury and property damage caused by him fall under liability coverage.
An automobile accident. Liability claims for pain and suffering can sometimes be urge, The liability coverage. helps in shielding the insured from payments that would ordinarily be paid by him.
