Use the Information Below to Answer the Following Question(s)

question 107

Multiple Choice

Use the information below to answer the following question(s) .Teddy Bear Company sold a total of 30,000 stuffed tigers and lions.During August the following information was gathered:

-A company sells three different types of satellite dishes in Ontario, but sells only (type 1) in Alberta.Available data are that the budgeted sales mix percentage in Ontario is .35 (type 1) , and .25 (type 2) .The contribution margins per unit are $200 (1) , $120 (2) , and $140(3) .Required: Calculate the budgeted contribution margin per composite unit for the budgeted mix for Ontario and Alberta respectively.

• A)$156 and $70
• B)$156 and $114
• C)$156 and $200
• D)$114 and $70
• E)They are the same in both provinces.

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Definitions:

American Put

A type of put option that can be exercised at any time before its expiration, offering the seller protection against declining asset values.

European Put

A type of put option that grants the holder the right, but not the obligation, to sell a specific amount of an underlying asset at a predetermined price on the option's expiration date.

Return Merchandise

The process of returning goods to a vendor or manufacturer due to defects, dissatisfaction, or other reasons.

American Put Option

A financial derivative that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price before the option's expiration.