The existing spot rate of the Canadian dollar is $0.82. The premium on a Canadian dollar call option is $0.04. The exercise price is $0.81. The option will be exercised on the expiration date if at all. If the spot rate on the expiration date is $0.87, the profit as a percent of the initial investment (the premium paid) is: a. 100 percent b. 150 percent. c. 50 percent d. 25 percent.

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is: