Answer:
Profit = $125,000
Explanation:
We know,
Profit = Sales revenue - Expense
Given,
Sales revenue = Number of seats available × Ticket price per person
Sales revenue = (1,000 seats × $150) + (500 seats × $50)
Sales revenue = ($150,000 + $25,000)
Sales revenue = $175,000
Expense = $50,000
Putting the values to the formula, we will get
Profit = Sales revenue - Expense
Profit = $175,000 - $50,000
Profit = $125,000
Answer:
The answer is option (c) Short 34 contracts
Explanation:
Solution:
Given that
The information about the portfolio is as stated below:
The value of the portfolio = $8.5 million
The beta = 1.3
The future contract of S&P price = $1310
The size of contract = 250
Now,
To hedge the risk completely, the desired beta is =0
Thus,
The number of contracts is calculated as follows:
The Number of contract = (desired beta - portfolio beta)*portfolio value/(future price*contract size)
So,
The number of contracts = (0 - 1.3)*8500000/(1310*250) = -34
Then,
The negative sign means it is going short.
Hence,
A total of 340 contracts must be short.
Answer:
Promotional mix
Explanation:
Since in the given situation, coordinate the promotional messages for promoting the product or a service so here the promoting tenchique would be considered that means the company promotes its product via marketing manager and the advertiser who is third party
So according to the given case, this is an example of promotional mix
Answer:
Applied Overhead is higher than actual overhead. Hence, manufacturing overhead is $ 4,000
Explanation:
Given data:
estimated overhead = $2,40,000
Labor cost =$2,80,000
Direct labor cost = $3,00,000
= $ 0.80 per direct labor cost
=$ 2,24,000
Actual Overhead cost = $ 2,20,000
Applied Overhead is more than actual overhead. Hence, manufacturing overhead is $ 4,000.
Answer:
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