Answer:
loss of $ 1,400,000.00
Explanation:
Amount of share : two million:
offer price per share: $55
selling price per share: $53.80
Loss per share: $1.20
Total loss= $1.2X2,000,000= ($2,400.000.00)
Earning from spread: 0.5x2,000,000.00 =$1,000.000.00
Net earning: (2,400,000.00)+$1,000,000.00=($ 1,400,000.00)
loss of $ 1,400,000.00
Aromatic wines are known as Aperitif, which generally are consumed before meals as a digestive stimulant. Although this is about wine, there are other drinks typically alcoholic that are considered Aperitif's. These drinks are mild in taste and help clear and cleanse your pallet before a meal.
Answer:
$417 A.
It is an adverse variance.
Explanation:
Fixed factory overhead volume variance is the difference between budgeted output at 100% normal capacity and actual production volume multiplied by standard fixed overhead cost per unit.
Formula
Fixed factory overhead volume variance = (budgeted standard hours for 100% normal capacity - Actual standard output hours) × standard fixed overhead cost per unit.
Calculation
Since 5900 units of a product was produced in 3.546 standard hours per unit, total actual standard hour is therefore;
= 5900×3.546
=20,921 hours
Overhead cost per unit = $1.10 per hour
Hours at 100% normal capacity = 21,300 hours.
Recall the formula for fixed factory overhead volume variance is =(budgeted standard hours for 100% normal output- actual standard output hours)× standard fixed overhead per unit.
Therefore;
Fixed factory overhead volume variance =(21,300 hours - 20,921 hours)× $1.10
=379 hours × $1.10
=$417 A
It is therefore an adverse variance.
Answer:
$15.64
Explanation:
first we must determine the market value of the bond without the warrants:
PV of face value = $1,000 / (1 + 3.5%)⁵⁰ = $179.05
PV of coupon payments = $25 x 23.45562 (PV annuity factor, 3.5%, 50 periods) = $586.39
market value = $765.44
the market value of the 15 warrants = $1,000 - $765.44 = $234.56
market value per warrant = $234.56 / 15 = $15.64
