You find the following current quote for the March T-bond contract: $100,000; Pts 32nd, of 100 percent. Open 89-12High 89-24Low 88-22Settle 89-22Open Interest 55,210You went long in the contract at the open. Which of the following is/are true?I. At the end of the day, your margin account would be increased. II. 55,210 contracts were traded that day. III. You agreed to deliver $100,000 face value T-bonds in March in exchange for $89,120.IV. You agreed to purchase $100,000 face value T-bonds in March in exchange for $89,375.

Exercise 2-12 cost behavior; high-low method [lo2-3, lo2-4] speedy parcel service operates a fleet of delivery trucks in a large metropolitan area. a careful study by the company’s cost analyst has determined that if a truck is driven 120,000 miles during a year, the average operating cost is 11.6 cents per mile. if a truck is driven only 80,000 miles during a year, the average operating cost increases to 13.6 cents per mile. required: 1.& 2. using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation. (round the "variable cost per mile" to 3 decimal places.)