Your company expects to receive CAD 1,200,000 in 90 days. The 90 day forward rate for CAD is $0.80 and the current spot rate is $0.75. If you use a forward hedge, estimate the cost of hedging the receivable if, 90 days later, the spot rate for CAD 90 days later turns out to be $0.82.

a. $50,000
b. $50,000
c. $75,000
d. $75,000

Answers

Answer 1

Answer:

Cost of hedging = $24,000

Explanation:

cost of hedging = 1,200,000 * ($0.80 - $0.82) = 1,200,000 * $0.02 = -$24,000

Since the actual forward rate was higher than th eexpected forward rte, the coampny lost money by hedging the operation. The cost of hedging the operation was $24,000.


Related Questions

Because of their sharp quality text output and fast printing speeds, ___ printers are often preferred by businesses.

Answers

Answer:

Laser printer

Explanation:

Laser printers are quicker than inkjet printers (producing more pages per minute), generate higher-quality output (with some limitations), and are better suited for high-volume production. Laser printers produce significantly finer lines than inkjet printers, making them ideal for text, logos, and corporate information graphics.

Introduction to Business class is to observe the use of groups in a large manufacturing business. The students notice that most groups are arranged by reporting relationships. Bill discovers a group of managers who have been placed together to study and recommend a course of action on a flextime schedule for employees. Jane finds that the executives of the company have formed a team consisting of themselves, some middle managers, and a few hourly employees to work on improving work processes and efficiency within the company. This group has been in existence for 5 years and is going strong. The group of managers that Bill discovers is an example of:

A) an informal interest group

B) a formal group

C) A fun group

D) a quality group.

Answers

The correct answer is B) a formal group.

The group of managers that Bill discovers is an example of a formal group.

During their visit to a large manufacturing business, Bill discovers a formal group. It is a group of managers who have been placed together to study and recommend a course of action on a flextime schedule for employees.

When we are referring to an organization, a formal group can be understood as a workgroup that is formed by design, depending on a hierarchical composition. The members of this group have specific tasks according to the work they perform in the company.

Usually, these groups are formed based on the experience of their members because they want to accomplish goals in a more effective way and to improve the decision-making process of difficult issues.

A project with an initial investment of $461,300 will generate equal annual cash flows over its 10-year life. The project has a required return of 8.1 percent. What is the minimum annual cash flow required to accept the project

Answers

Answer:

The minimum annual cash flow required to accept the project is:

= $63,883.17

Explanation:

a) Data and Calculations:

Initial investment cost of the project = $461,300

Project's estimated life = 10 years

Project's required return rate = 8.1%

The minimum annual cash flow required to accept the project is derived from an online financial calculator as follows:

N (# of periods)  10

I/Y (Interest per year)  8.1

PV (Present Value)  461300

FV (Future Value)  0

Results:

PMT = $63,883.17

Sum of all periodic payments = $638,831.69

Total Interest = $177,531.69

which of the following is false? when a cboe call option on ibm is exercised, ibm issues more stock. an american option can be exercised at any time during its life. a put option will always be exercised at maturity if the strike price is greater than the underlying asset price

Answers

Answer:

The false statement is:

when a CBOE  call option on IBM is exercised, IBM issues more stock.

Explanation:

CBOE = Chicago Board Options Exchange. CBOE pioneered the options trading in 1973.   It has remained the largest U.S. options market operator.  It supports options trading on thousands of publicly listed stocks and exchange-traded products.  Exercising a call option on the exchange platform does not affect the outstanding IBM stock and will never force IBM Corporation to issue more stock.

Given the following information, determine the activity rate for setups.

Activity Pool Activity Base Budgeted Amount
Setups 10,000 $180,000
Inspections 24,000 $120,000
Assembly (DLH) 80,000 $400,000

a. $58.00
b. $0.75
c. $5.09
d. $18

Answers

Answer:

Set up= $18 per set up

Explanation:

Giving the following information:

Activity Pool Activity Base Budgeted Amount

Setups 10,000 $180,000

To calculate the activity rate, we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Set up= 180,000 / 10,000

Set up= $18 per set up

Amazon Corporation has preferred stock outstanding that pays a $11.45 annual dividend. It price is $147. What is the required rate of return (yield) on the preferred stock?

Answers

Answer:

7.79%

Explanation:

Calculation to determine the required rate of return (yield) on the preferred stock

Using this formula

Cost of preferred stock=Annual Dividend per share/Current price of preferred stock

Let plug in the formula

Cost of preferred stock=$11.45/$147

Cost of preferred stock=0.0779*100

Cost of preferred stock=7.79%

Therefore the required rate of return (yield) on the preferred stock is 7.79%

When a market is in equilibrium, the: multiple choice 1 quantity demanded equals the price. quantity demanded equals the quantity supplied at the market price. quantity demanded equals the quantity supplied and they both equal the price. quantity supplied equals the price. The market for cell phones reaches equilibrium because cell phone sellers have an incentive: multiple choice 2 to decrease quantity and so do cell phone consumers, so the price goes to to equilibrium. for prices to rise and some cell phone consumers will not buy at higher prices, driving the price to equilibrium. to increase quantity and so do cell phone consumers, so the price goes to to equilibrium. for prices to fall and some cell phone consumers only buy at higher prices, driving the price to equilibrium.

Answers

ANSWER:

2 Batteries

Explanation:

Bella Bags is a British company that sells luxury leather purses manufactured in London. Currently, its products are carried at high-end department stores all across Europe. The company prides itself on its exceptional customer service. However, the company has been criticized in the past for carrying only two designs of bags. There is currently growing market demand for high-end luxury accessories. Bella Bags faces fierce competition from established luxury brands. Which of the following best characterizes an actionable strategy for Bella Bags that works on reducing the company's weaknesses to avoid threats?
A) Reduce the threat of high competition by expanding the product line and offering more variety
B) Promote the company's exceptional customer service to leverage the increasing demand for luxury goods
C) Reduce the threat of high competition by promoting the company's narrow product offering
D) Reduce the threat of high competition by leveraging the increasing demand for luxury goods

Answers

Answer:

A

Explanation:

Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies suggest that the company can increase sales by 5,000 units for each $2 reduction in the selling price. The company’s present selling price is $93 per unit, and variable expenses are $63 per unit. Fixed expenses are $830,700 per year. The present annual sales volume (at the $93 selling price) is 25,500 units.
Required:
1. What is the present yearly net operating income or loss?
2. What is the present break-even point in unit sales and in dollar sales?
3. Assuming that the marketing studies are correct, what is the maximum annual profit that the company can earn? At how many units and at what selling price per unit would the company generate this profit?

Answers

Answer:

1. The present yearly net operating loss is $65,700

2. Break even point in unit sales is 27,690 units, in dollars sales $2,575,170.00

3. The maximum annual profit that the company can earn is $23,300, at 30,500 units with a selling price per unit of $91

Explanation:

At breakeven point, the cost and revenue of the company are same such that the company neither a profit nor a loss. Operating profit or loss is the difference between the revenue and the cost of the company.

The cost of the company usually consist of the fixed and variable elements.

Given that the company’s present selling price is $93 per unit, and variable expenses are $63 per unit. Fixed expenses are $830,700 per year with present annual sales volume (at the $93 selling price) is 25,500 units

Hence the operating profit or (loss)

= $93 * 25,500 - ($63 * 25,500 + $830,700)

= $765,000 - $830,700

= ($65,700)

A loss of $65,700

Break even point in unit sales = Fixed costs / (Selling price per unit – Variable cost per unit)

= $830,700 / ($93 - $63)

= $830,700 / $30

= 27,690 units

In dollar sales

= $93 * 27,690

= $2,575,170.00

if the marketing studies are correct then the new selling price per unit will be

= $93 - $2

= $91

The units sold will be

= 5000 +  25,500

= 30,500 units

The maximum profit to be made

= $91 * 30,500 - ($63 * 30,500 + $830,700)

= $854,000 - $830,700

= $23,300

Gotham City acquires $25,000 of inventory on November 1, 20X7, having held no inventory previously. On December 31, 20X7, the end of Gotham City's fiscal year, a physical count shows $8,000 still in stock. During 20X8, $6,500 of this inventory is used, resulting in a $1,500 remaining balance of supplies on December 31, 20X8.

Based on the preceding information, what would be the correct account balances for 20X7 if Gotham City used the purchase method of accounting for inventories?

Answers

Answer:

$25,000; $8,000

Explanation:

Based on the information given , we were told that they acquires the amount of $25,000 of inventory on NOVEMBER 1, 20X7, in which on DECEMBER 31, 20X7, a PHYSICAL COUNT shows $8,000 was still in stock which means wthat the CORRECT ACCOUNT BALANCES for 20X7 if Gotham City used the PURCHASE METHOD of accounting for INVENTORIES will be Expenditure of the amount of $25,000 and Inventory of supplies of the amount of $8000.

Suppose Skyler invests in an annuity that pays 3.2% annual interest, compounded monthly. If she contributes $155 every month for 10 years, how much interest would she earn during that time

Answers

Answer: $3,286.47

Explanation:

Find the future value of the annuity after 10 years.

Number of periods = 10 * 12 months = 120 months

Interest = 3.2% / 12 = 3.2/12%

Future value of annuity = Annuity * ( (1 + rate)^ number of periods- 1) / rate

= 155 * ( ( 1 + 3.2%/12) ¹²⁰- 1) / 3.2%/12

= $21,886.47

The find the amount that the money would have come to without being invested:

= 155 * 120 months

= $18,600

Interest is:

= 21,886.47 - 18,600

= $3,286.47

Murphy's, Inc., has 45,000 shares of stock outstanding with a par value of $1 per share. The market value is $10 per share. The balance sheet shows $70,500 in the capital in excess of par account, $45,000 in the common stock account, and $133,500 in the retained earnings account. The firm just announced a stock dividend of 12 percent. What will the balance in the capital in excess of par account be after the dividend?

Answers

Answer: $119100

Explanation:

The balance in the capital in excess of par account be after the dividend will be calculated thus:

Firstly, we'll calculate the change in capital in excess of par and this will be:

= Number of shares × dividend rate × (market value - par value)

= 45,000 × 12% × ($10 - $1)

= (45000 × 0.12) × $9

= 5400 × $9

= $48,600

Then, the balance in the capital in excess of par after the dividend will be:

= $70,500 + $48,600

= $119,100

A long-term investment classified as equity securities with controlling influence implies that the investor can exert a controlling influence over the investee. An investor who owns more than ____% of a company's voting stock has control over the investee.

Answers

Answer: 50%

Explanation:

The Equity Securities with controlling influence refers to the long-term investment whereby the investor exert controlling influence over the investee. In such case, the investors own 50% or more of the voting stock.

On the other hand, the Equity securities with significant influence refers to the long-term investment whereby the investor exerts significant influence over the investee. In such case, the investors own 20% or more of the voting stocks but should be less than 50%.

Networked organizations are so closely linked online that each can find out what the others are doing instantaneously, as an event takes place. These organizations operate

Answers

Answer: b. in real time

Explanation:

When something is said to operate in real time, it means that is is happening instantaneously. Networked organizations that are so closely linked that their actions are seen instantaneously are therefore operating in real time.

These organizations can be in multiple countries but doing work on a similar platform. For instance, people around the world could be working on a single Go-0gle Sheets file and seeing the changes they all make in real time.

Networked organizations are so closely linked online that each can find out what the others are doing instantaneously, as an event takes place. These organizations operate in real-time. Hence option B is correct.

The key characteristic of networked organizations is their ability to access and exchange information rapidly, allowing them to respond quickly to changes and make informed decisions.

In networked organizations, individuals, teams, departments, or even entire organizations are connected through digital networks and communication platforms.

This enables them to share data, knowledge, and resources in real-time, fostering collaboration, coordination, and synergy among different entities.

Learn more about networked organizations here:

brainly.com/question/32561499

#SPJ6

Networked organizations are so closely linked online that each can find out what the others are doing instantaneously, as an event takes place. These organizations operate

a. as inverted organizations.

b. in real time

c. as digital natives

Here are data on two companies. The T-bill rate is 4.8% and the market risk premium is 5.9%. Company $1 Discount Store Everything $5 Forecast return 12 % 11 % Standard deviation of returns 12 % 14 % Beta 1.6 1.0 What would be the fair return for each company, according to the capital asset pricing model (CAPM)? (Round your answers to 2 decimal place

Answers

Answer and Explanation:

The computation of the fair return for each company is shown below:

Fair Return = Risk free rate of return + Beta × market risk premium

= 4.8 + 1.6 × 5.9  

= 14.24%

Now  

Everything $5 is

= 4.8 + 1 × 5.9

= 10.7%

Hence, the same should be considered

Classify the transaction as either an operating activity, an investing activity, a financing activity, or a noncash activity:

1. Common stock is sold for cash
2. Bonds payable are issued for cash at a discount
3. Interest on a short-term note receivable is collected
4. Merchandise is sold to customers for cash
5. Cash paid to purchase inventory

Answers

Answer:

1.  financing activity

2. financing activity

3. investing activity

4. operating activity

5. operating activity

Explanation:

Operating Activities includes Firms activities in sale and purchase of Inventory.

Investing Activities shows cash resulting from acquiring and sale of assets as well as receipt of interest on the investments.

Financing Activities shows cash resulting from raising capital or debt and the repayment of debt.

When Kimberly finds out that members of her team are using unethical practices to make sales and obtain information, her solution is to hold a Code of Ethics workshop. Is this an appropriate response for her to have?a. Yes; as the manager of these two employees, she is responsible for making sue they know what the expectations of behavior are. b. Yes; she is not allowed to take any disciplinary actions. c. No; she should fire both of them immediately. d. No; it is not her responsibility to educate these employees. They should be in charge of deciding their own ethical behavior.

Answers

Answer:

The answer is "Option a".

Explanation:

If Kimberly discovers if her team members use immoral techniques in sales and information, then can organize a workshop on the code of ethics. It is responsible for making sure that he knows the standards of conduct, which is the proper answer for her supervisor of the 2 employees. This code of ethics focuses on people and organizations' values and standards for governing their decisions, as well as on distinguishing the difference between right and wrong.

A company uses the periodic inventory method and the beginning inventory is overstated by $9,000 because the ending inventory in the previous period was overstated by $9,000. The amounts reflected in the current end of the period balance sheet are

Answers

Answer:

"Correct Correct" is the right answer.

Explanation:

Overall inventory will be calculated by means including its physical computing mechanism at either the conclusion of each accountability conscious cognitive mostly on periodical inventory or purchasing department.Excessive conclusion or termination creates excessive starting inventory thresholds or their levels.

Based on a predicted level of production and sales of 12,000 units, a company anticipates reporting operating income of $26,000 after deducting variable costs of $72,000 and fixed costs of $10,000. Based on this information, the budgeted amounts of fixed and variable costs for 15,000 units would be

Answers

Answer:

Fixed Cost = $10,000

Variable Costs = $90,000

Explanation:

Variable Cost per unit = $72,000 ÷ 12,000

                                      = $6

Variable Costs at 15,000 units = $6 x 15,000

                                                   = $90,000

Fixed Cost (given) = $10,000

As a researcher, what would you do if you set to reject the null and found the null to be true?

Answers

Set the significance level of the probability of making a type error to be small 0.01, 0.05, or 0.10 compare the P value to if the P value is less than or equal to reject the no hypothesis in favor of the alternative hypothesis.

In the event that the null hypothesis was true, I would report my results honestly and transparently. If my results did not support my expectations, my goal as a researcher would be to learn as much as possible from them.

The first thing I would do is to make my data and my statistical analysis error-free. If my results were influenced by outliers or other unusual patterns in the data, I would check for them. I would recheck the statistical methods I used to ensure that they were appropriate and correct for the type of data I collected.

Once I was confident that my data and analysis were correct, I would consider whether there were any other explanations for the null hypothesis.

Therefore, In the event that the null hypothesis was true, I would report my results honestly and transparently.

learn more about hypothesis here :

https://brainly.com/question/32562440

#SPJ4

Leisure Enterprise’s total cost of producing speedboats is given by TC = 10 Q 3 – 4 Q 2 + 25 Q + 500. On the basis of this information, the marginal cost of producing the 25th speedboat is:

Answers

Answer:

The marginal cost of producing the 25th speedboat is 18,575.

Explanation:

Note that the given Leisure Enterprise’s total cost (TC) of producing speedboats is correctly stated as follows:

TC = 10Q^3 - 4Q^2 + 25^Q + 500 …….………….. (1)

Where Q represents the quantity of speedboats produced.

To obtain the marginal cost (MC) of producing speedboats, equation (1) is differentiated with respect to Q as follows:

MC = dTC/dQ = 30Q^2 - 8Q + 25 ………………… (2)

Finding the marginal cost (MC) of producing the 25th speedboat implies that Q = 25.

Substituting Q = 25 into equation (2), we have:

MC = (30 * 25^2) - (8 * 25) + 25 = 18,575

Therefore, the marginal cost of producing the 25th speedboat is 18,575.

one markeitng action that can be taken to sell a single product or service to muylpele market segments is to

Answers

Answer: C. develop separate promotional campaigns.

Explanation:

Different market segments will have different norms and values that companies will have to take advantage of in order to sell their goods or services.

They will therefore need to develop separate promotional campaigns that are aimed at taking advantage of these norms and values in order to appeal to the people in the different segments.

Identify the following costs as direct materials (DM), direct labor (DL), or factory overhead (FO) for a magazine publisher: a. Staples used to bind magazines b. Wages of printing machine employees c. Maintenance on printing machines

Answers

Answer:

Staples used to bind magazines

Direct materials

Wages of printing machine employees

Direct Labor

Maintenance on printing machines

Factory Overhead

Paper used in the magazine

Direct Materials

Explanation:

The given answers above are correctly grouped based on Direct Materials, Factory Overhead, and Direct Labor.

The sources of economic growth are​ _______. A. work hours growth and labor productivity growth B. democracy and labor productivity growth C. job experience and low inflation D. work hours growth and a stable government

Answers

Answer:

A. work hours growth and labor productivity growth

Explanation:

An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.

Hence, a region's or country's economy is largely dependent on how resources are being allocated and utilized, how many goods and services are to be produced, what should be produced, for whom they are to be produced for and how much money are to be spent by the consumers to acquire these goods and services.

Basically, there are four (4) main types of economy and these are;

I. Mixed economy.

II. Free market economy.

III. Traditional economy.

IV. Command economy.

Generally, the sources of economic growth of a country are​ work hours growth and labor productivity growth.

Labor (working) is simply the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.

To determine the net cash provided (used) by operating activities, it is necessary to analyze Group of answer choices the current year's income statement. a comparative balance sheet. additional information. all of these.

Answers

Answer:

All of these.

Explanation:

All of these are the correct answer because to determine the net cash from the operating activities, there is a requirement of the current year's income statement, additional information such as depreciation and amortization and a comparative balance sheet. In order to get cash from operating activities, the changes and non-cash capital, other non-cash adjustments, depreciation is added to the net income.

Asteria earned a $27,000 salary as an employee in 2020. How much should her employer have withheld from her paycheck for FICA taxes

Answers

Answer:

$2,070

Explanation:

Calculation to determine How much should her employer have withheld from her paycheck for FICA taxes

Social security tax 6.2%

Medicare tax which is 1.45%

Social security tax = $27,000 x 6.2%

Social security tax = $1,674

Medicare tax = $27,000 x 1.45%

Medicare tax =$391.5

FICA taxes Paycheck withheld= - $1,674 + $391.5

FICA taxes Paycheck withheld=$2,065.5

FICA taxes Paycheck withheld=$2,070 (Approximately)

Therefore How much should her employer have withheld from her paycheck for FICA taxes will be $2,070

Exercise 5-10 Lower of cost or market LO P2 Martinez Company's ending inventory includes the following items. Product Units Cost per Unit Market per Unit Helmets 27 $ 55 $ 59 Bats 20 83 77 Shoes 41 100 96 Uniforms 45 41 41 Compute the lower of cost or market for ending inventory applied separately to each product.

Answers

Answer:

Martinez Company

Ending inventory is:

= $8,806.

Explanation:

a) Data and Calculations:

Product       Units   Cost per Unit   Market per Unit

Helmets       27             $ 55                   $ 59

Bats             20                 83                      77

Shoes           41               100                      96

Uniforms     45                 41                       41

Lower of cost or market value Valuation:

Product       Units   Cost per Unit   Market per Unit     LCM

Helmets       27             $ 55                   $ 59               $1,485

Bats             20                 83                      77                1,540

Shoes           41               100                      96               3,936

Uniforms     45                 41                       41                1,845

Total cost of ending inventory                                    $8,806

What percentage of authorized shares was issued by Coca-Cola at December 31, 2015, and by PepsiCo at December 26, 2015

Answers

Answer:

December 26

Explanation:

Because Pepsi Co is buy

A $1,000 par value bond pays interest of $35 each quarter and will mature in 10 years. If your simple annual required rate of return is 12 percent with quarterly compounding, how much should you be willing to pay for this bond

Answers

Answer:

the present value is $1,115.57

Explanation:

the computation of the present value is shown below:

Given that

Future value be $1,000

RATE is 12% ÷ 4 = 3%

NPER is 10 × 4 = 40

PMT is $35

The formula is shown below:

=-PV(RATE,NPER,PMT,FV,TYPE)

= $1,115.57

Hence, the present value is $1,115.57

lannigan Company manufactures and sells a single product that sells for $450 per unit; variable costs are $270. Annual fixed costs are $800,000. Current sales volume is $4,200,000. Compute the current margin of safety in dollars for Flannigan Company

Answers

Answer:

$2,200,000

Explanation:

Margin of safety means by how much sales can fall before a firm starts making a loss.

Margin of safety  = Current Sales - Break even sales

where,

Break even sales = Fixed Cost ÷ Contribution margin ratio

                             = $800,000 ÷ 0.40

                             = $2,000,000

therefore,

Margin of safety  = $4,200,000 - $2,000,000

                            = $2,200,000

Other Questions
Which statement best describes the Loyalists? A cell site is a site where electronic communications equipment is placed in a cellular network for the use of mobile phones. The numbers y of cell sites from 1985 through 2011 can be modeled byy = 269573/1+985e^-0.308t where t represents the year, with t = 5 corresponding to 1985. Use the model to find the numbers of cell sites in the years 1998, 2003, and 2006. Read this passage I am mindful that only yesterday in Birmingham, Alabama, our children, crying out for brotherhood, were answered with fire hoses, snarling dogs and even death. I am mindful that only yesterday in Philadelphia, Mississippi, young people seeking to secure the right to vote were brutalized and murdered. And only yesterday more than 40 houses of worship in the State of Mississippi alone were bombed or burned because they offered a sanctuary to those who would not accept segregation. I am mindful that debilitating and grinding poverty afflicts my people and chains them to the lowest rung of the economic ladder. -Martin Luther King Jr., Nobel Prize acceptance speech, 1964 How does King show that the struggle for freedom and equality is not over? A. By asking the committee to help thestop the violence B. By refusing the award because peace has not been achieved C. By giving examples of violent events that recently took place D. By explaining that he is not an expert in the field of civil rights What stanza structure is for Annabel Lee by Edgar Allan Poe Liz has been screened for potential group membership. She fits all criteria; however, she seems to lack the desire to participate. In the eyes of the leader Jacque, she just doesnt seem to "want" it enough. What should be considered? Can you please help me with this question A town recently dismissed 5 employees in order to meet their new budget reductions. The town had 4 employees over 50 years of age and 16 under 50. If the dismissed employees were selected at random, what is the probability that no more than 1 employee was over 50 An amoeba moves out a large particles by what process? In a pool of water filled to a depth of 10 ft, calculate the fluid force on one side of a 3 ft by 4 ft rectangular plate if it rests vertically on its 4 ft edge at the bottom of the pool. Remember that water weighs 62.4 lb/ft3 Please help !!! I have 30 minutes on this one !!!! 1. Por que durante la Edad Media, Constantinopla fue una ciudad clave en el comerci Help please I dont understand Resize vector countDown to have newSize elements. Populate the vector with integers {newSize, newSize - 1, ..., 1}. Ex: If newSize = 3, then countDown = {3, 2, 1}, and the sample program outputs:#include #include using namespace std;int main() { vector countDown(0); int newSize = 0; int i = 0; newSize = 3; STUDENT CODE for (i = 0; i < newSize; ++i) { cout The teacher reviewing this sentence would point out that since this is acomplex sentence, there should be a comma after song.compound sentence, there should be a comma after realized.complex sentence, there should be a comma after inspiration.compound sentence, there should be a comma after found. MC Qu. 114 Lowden Company has an overhead application... Lowden Company has an overhead application rate of 155% and allocates overhead based on direct material cost. During the current period, direct labor cost is $60,000 and direct materials used cost $90,000. Determine the amount of overhead Lowden Company should record in the current period. Schultz v. Capital International Security, Inc. 460 F.3d 595 (4th Cir. 2006) Facts: The plaintiff-agents provided security services for Schultz and his family at his Virginia residence in twelve-hour shifts. The agents were paid a daily rate for each shift; they received no extra pay for overtime. The agents had a command post at the residence, from which they observed security camera monitors, answered the telephone, and kept a daily log of all arrivals and departures. They also made hourly walks of the property, ensured that members of his family were safe when departing and arriving, sorted mail, and performed various tasks upon request of his family. In addition to their security duties, the agents were responsible for having the households vehicles washed and fueled, making wake-up calls, moving furniture, and doing research on the Internet. Schultz's long-time driver and travel agent, Sammy Hebri, formed a company called Capital International Security, Inc. (CIS). Hebri started CIS for the purpose of becoming Schultz's security contractor. Hebri sent a memo (dated July 24, 2002) to the agents directing them to obtain their own private security business licenses from the VDCJS and individual liability insurance so they could be classified as independent contractors. Issue: The issue is whether the bodyguards were considered to be employees or independent contractors for the purpose of the Fair Labor Standards Act. Action: You must respond to all questions below. You must use at least three sources from the class materials and do independent research. Do not combine the five discussion questions and please use the outline below for your paper. Use of the outline will help you organize your research and comments and ensure you do not miss any questions that must be addressed. Your responses to each question must be in narrative format not bullets. Use the headings below to organize your paper.Question 1A - a. Summarize the relevant facts of the case. What is your opinion on the outcome of this case?Question 1c - Classification Test: In the above case, what kind of classification test could have been used and what would be the result? If the balance of the cash account is $80,800 at the end of the month, what was the cash balance at the beginning of the month Please help me with this, no clue. (100 points)4. MIke divided the group into 5 groups. If there were 28 people in each group how big was the original group?a. What are they asking for? __________________b. identify all the necessary numbers. __________________c. write the equation or problem in numeric form. ______________d. solve the math. ______________________________e.write the answer. ______________________________5. If he difference is 589 and the subtrahend is 339,what is the minuend? a. What are they asking for? __________________b. identify all the necessary numbers. __________________c. write the equation or problem in numeric form. ______________d. solve the math. ______________________________e.write the answer. ______________________________6. If the quotient is 17 and the dividend 765, what is the divisor?a. What are they asking for? __________________b. identify all the necessary numbers. __________________c. write the equation or problem in numeric form. ______________d. solve the math. ______________________________e.write the answer. ______________________________ Solve the equation1/x + 1/3x = 4