Answer:
Explanation:
Suppose a financial manager buys call options on 24,000 barrels of oil with an exercise price of $119 per barrel. She simultaneously sells a put option on 24,000 barrels of oil with the same exercise price of $119 per barrel. What are her payoffs per barrel if oil prices are $103, $108, $119, $130, and $135? (Leave no cells blank - be certain to enter "O" wherever required. A negative answer should be indicated by a minus sign.) 130 $ 135 Market price Payoffs per barrel 108 $ 119 103 $ $
Answer: it would be “III”.
Explanation:
It is very one-sided. Only ones persons side is being heard.
Answer:
(a) that the traditional format organised cost into cost of goods sold and selling and administrative expenses while contribution format organizes cost into variables and fixed cost
Answer:
The market price per share after the split would be of $16.40
Explanation:
In order to calculate the market price per share after the split we would have to calculate first the shares outstanding after stock split as follows:
According to the given data The firm just announced a stock split of three-for-two
Therefore, shares outstanding after stock split = 17,000 * 3/2 = 25,500
Therefore, price per share after split = 17,000 * $24.60/25,500
Price per share after split =$16.40
The market price per share after the split would be of $16.40
Answer and Explanation:
The journal entries are shown below:
1. On Sep 30
Cash $15750
To Sales $15,000
To Sales taxes payable ($15000 ×5%) $750
(Being the cash receipts is recorded)
For recording this we debited the cash as it increased the assets and credited the sales and sales tax payable as it increased the revenue and liabilities
2 On Sep 30
Cost of goods sold $12,000
To Merchandise inventory $12,000
(Being the cost of goods sold is recorded)
For recording this we debited the cost of goods sold as it increased the expenses and credited the merchandise inventory as it reduced the assets
3 On Oct 15
Sales taxes payable $750
To Cash $750
(Being cash paid is recorded)
For recording this we debited the sales tax payable as it reduced the liabilities and credited the cash as it decreased the assets
