A gold-mining firm is concerned about short-term volatility in its revenues. Gold currently sells for $1,597 an ounce, but the price is extremely volatile and could fall as low as $1,517 or rise as high as $1,677 in the next month. The company will bring 1,000 ounces to the market next month. What will be total revenues if the firm remains unhedged for gold prices of $1,517, $1,597, and $1,677 an ounce?The futures price of gold for delivery one month ahead is $1,607. What will be the firm?s total revenues at each gold price if the firm enters into a one-month futures contract to deliver 1,000 ounces of gold?What will total revenues be if the firm buys a one-month put option to sell gold for $1,597 an ounce?The put option costs $113 per ounce.

Xie company identified the following activities, costs, and activity drivers for 2017. the company manufactures two types of go-karts: deluxe and basic. activity expected costs expected activity handling materials $ 625,000 100,000 parts inspecting product 900,000 1,500 batches processing purchase orders 105,000 700 orders paying suppliers 175,000 500 invoices insuring the factory 300,000 40,000 square feet designing packaging 75,000 2 models required: 1. compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. in january 2017, the deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. assign overhead costs to each model using the single plantwide overhead rate.

Read the following scenario and answer the question in 5-10 sentences. you are the owner of a small business that is a defendant in a lawsuit in federal court. you received bad news from your lawyer that the judge did not allow certain documents to be admitted as evidence in court and that the jury reached a $50,000 verdict in favor of the plaintiff. your lawyer tells you that it is within your legal right to hire him to file an appeal with the united states court of appeals. if the appellate court rules in your favor, you may be able to avoid paying part or all of the $50,000. evaluate your lawyer’s suggestion about appealing the decision.

Which of the following characteristics are emphasized in the accounting for state and local government entities? i. revenues should be matched with expenditures to measure success or failure of the government entity. ii. there is an emphasis on expendability of resources to accomplish objectives. a. i only b. ii only c. i and ii d. neither i nor ii