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Answer:
over population and the consequences are limited space, global warming, and more poor people
Answer:
B. Controllable costs
Explanation:
There are some costs that are expended by a company during the cost of carrying out their business operations. These costs such as labor costs and marketing budgets are incurred because the company has full authority over them. They are costs that can be altered in short term based on a business decision.
In other words, controllable costs are those costs or expenses that can be influenced by those who are saddled with the responsibilities of incurring them.
Answer:
In the March 31 statement of financial position, the company should record the futures contracts as a loss and liability of $100,000
Explanation:
GAAP specifies that all derivatives instrument and hedging activities recorded in the balance sheet are assets and liabilities and measured at fair value.
At the starting of the futures contracts, the fair value is $0 since the prices of the future contract was entered at that date.
Given that 200 futures contracts was sold at the commodity exchange foo $$0.83/lb and each contract was for 25,000 lb. Therefore a fair value hedge of 5 million lb. (25,000 lb. × 200 contracts) of copper at $0.83/lb is expected to be delivered.
The price had risen to $0.85/lb at the date of the financial statements, Copper Monkey should record a loss and liability = (5 million lb) × ($0.83 – $0.85) = 5000000 × 0.02 = 100000
Copper Monkey should record a loss and liability of $100,000
