Answer:
16 points
Explanation:
Customer sold stock short for $82 per share
Then, customer sold Sept 70 at $4
If short put is then exercised, the customer is obligated to buy the shares back at $70.
Net cost of the customer is $66 per share for the stock, therefore
Customer gains = 82 sale proceeds - 66 cost basis = 16 points.
Answer:
Entry is given below
Explanation:
Entry for factory labor cost
DATE ACCOUNT DEBIT CREDIT
DEC 31 Work in Progress(w) $97,780
Factory overhead $6,340
Wages payable $104,120
Working
Work in progress = 3,860+4,300+24,500+18,600+7120+7400+32,000
Work in progress = 97,780
NOTE: Work in progress is sum of all direct labor cost
Factory Overhead = all indirect labor cost which is only $6,130
Answer:
572 Favorable
Explanation:
Direct Labour efficiency Variance:
= (Standard Labour Hour - Actual Labour Hour) × Standard Rate
= [(78 connectors × 3 hours of direct labor per connector) - (190 hours)] × $13 per hour
= [234 hours of direct labor - 190 hours] × $13 per hour
= 44 hours × $13 per hour
= $572 Favorable
Therefore, Banner's direct labor efficiency variance for August is $572 Favorable.
Answer:
The correct answer is (B)
Explanation:
In participative leadership managers usually involve employees in making and implementing various decisions. Participative leadership is a type of democracy which help managers and employees to work together to achieve a common goal. Managers usually ask employees to join them in decision making and everybody is free to speak and suggest different measures. Although, very few managers use a participative leadership style.
