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Answer:
the budgeted direct labor cost is $441,000
Explanation:
The computation of the budgeted direct labor cost is shown below:
Budgeted direct labor cost
= Budgeted production × hours per unit × rate per hour
= 28,000 units × 1.5 × $10.50
= $441,000
Hence, the budgeted direct labor cost is $441,000
So the correct option is B.
The answer is $120.
Explanation: The computation of the net profit or loss is shown below: Before that we have to determine the following calculations
Net Profit from call option is = (Gain from Exercising Call Option - Option Premium paid) × Size of the Contract
= (($47 - $42) - $2.60) × 100 Shares
= $240
Net Loss from put option is
= (Option Premium paid) × Size of the Contract
= $1.20 × 100 Share
= $120
So, the net profit is = Net Profit from Call Option - Net loss from Put Option= $240 - $120
= $120
To learn more about net profit, click here.
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Answer:
b. inelastic
c. Yes - it decreased
Explanation:
Elasticitiy of demand measures the responsiveness of quantity demanded to changes in price.
Elasticity of demand = percentage change in quantity demanded/ percentage change in price
= -2/4 = -0.5
The absolute value is 0.5
If the absolute value of the coffiecnet of elasticity of demand is less than one, demand is inelastic.
Demand is inelastic if a change in price has no effect on quantity demanded .
We can tell that the quantity demanded fell because of the negative sign in front of the percentage change in quantity demanded.
I hope my answer helps you