Sathre Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per MonthVariable Element per Well ServicedRevenue $4,500Employee salaries and wages$56,400 $900Servicing materials $700Other expenses$35,400 When the company prepared its planning budget at the beginning of December, it assumed that 34 wells would have been serviced. However, 32 wells were actually serviced during December.The "Employee salaries and wages" in the flexible budget for December would have been closest to:
A. $85,200
B. $87,000
C. $89,888
D. $84,600
Answer: A
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An unauthorized signature cannot be ratified by the person whose name appears on the instrument
a. True b. False Indicate whether the statement is true or false
A noted free agent running back just signed a four-year, 30 -million dollar contract with a new
team. He will get a 7-million dollar signing bonus and a 4.5 -million dollar roster bonus. Additionally, he will get 3.25 million for year one, 5.25 million for year two, 5 million for year three, and 5 million for year four. Salary is paid at the end of the first year. Find the present value of his contract if money can earn 6%. A) $15,897,083.78 B) $27,397,083.78 C) $23,911,000.35 D) $30,000,000
What should a trader do when the one-year forward price of an asset is too low? Assume that the asset provides no income
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