Answer:
$4,500
Explanation:
Given that,
Beginning balance of work in process = $4,000
Ending balance of work in process = $3,000
Direct labor:
= Cost of goods manufactured + Ending balance of work in process - Beginning balance of work in process - Material used - Overhead applied
= $7,500 + $3,000 - $4,000 - $1,500 - $500
= $4,500
Note:
Table is missing from the question so I have attached the table.
If you expect the euro to depreciate, it would be appropriate to sell a euro call and buy a euro put for speculative purposes.
<u>Explanation:</u>
The depreciation of any currency can occur due to some of the following reasons such as a difference in interest rates, economy, instability politically, etc. When the inflation rate of any country increases this will also cause currencies to depreciate.
In the European option, there are two terms Euro call and Euro put. Euro call helps the investor to buy an asset and the Euro puts helps the investor to sell an asset. When you anticipate that the euro may depreciate, it would be appreciable to sell a euro call and buy a euro put for speculative purposes.
Answer:
By January 1, 2006 the price of the bonds=$50.675 M
Explanation:
The price of a bond at any given time can be expressed as;
Current price=(Annual coupon×((1-(1/(1+r)^i)/r)+ (face value/(1+r)^i)
where;
i-maturity period, from 2005-2006=1 year
r-nominal yield to maturity rate=8%
coupon rate=10%
face value=$50 M
Annual coupon=(10/100)×50 M=5 M
replacing;
Current price=Annual coupon×((1-(1/(1+r)^i)/r + face value/(1+r)^i
(5 M×((1-(1/(1+0.08)^1)/0.08)+50/(1+0.08)^1
(5 M×(1-0.93)/0.08)+46.3
(5×0.875)+46.3=4.375+46.3=50.675 M
By January 1, 2006 the price of the bonds=$50.675 M
