Answer:
Profit of 3600
Explanation:
I bought the 600 shares at a price of $41.20
so, Cost of buying the shares 24720
Along with it, i also bought the put option in $1.10 with a strike price of $45.
Buying the put option able me to sell the stock in 45 regardless of the price in stock market is.
But at the expiration date, the price of stock is $48.30 (more than strike price of $45)
So, i would not sell my stock to the broker in 45 (strike price) where, i can sell this stock in stock market at $48.30
Selling this stock in 48.30
48.30*600=28980
I must pay the option premium even though i have not utilized the option.
1.10*600=660
Finally,
selling price of shares-cost of buying shares - cost of purchasing premium
28980-24720-660= 3600
Answer:
A local government requires that all businesses within the city limits must recycle or be fined. EXTERNAL FACTOR NOT CONTROLLED BY THE COMPANY, THIS IS A TYPE OF GOVERNMENT REGULATION.
Explanation:
- Shareholders are rewarded with a sizeable dividend check. INTERNAL FACTOR CONTROLLED BY THE COMPANY.
- A hiring freeze is put into place. Although no one is fired, no one can be hired. INTERNAL FACTOR CONTROLLED BY THE COMPANY.
- A goal is set to close the gap between production costs and profits. INTERNAL FACTOR CONTROLLED BY THE COMPANY.
- The firm buys its own fleet of trucks, so it no longer needs to hire a trucking company for distribution. INTERNAL FACTOR CONTROLLED BY THE COMPANY.
Answer:
Exchanged-traded funds
Explanation:
Exchanged-traded funds are forms of investment that are usually traded on stock exchange the way other securities are traded, but they have an underlying asset.
Unlike mutual funds ETF are traded on the stock exchange at all periods of the day.
Assets held by ETF includes, shares, currencies, bonds, and commodities like gold and oil.
Value of trade is kept close to the net value of the underlying asset.
Answer:
C. $24,000
Explanation:
We assume that the company follows the percentage-of-sales method. In this method, the company ignored the previous balance of allowance for Doubtful Accounts
So, the amount of the adjusting entry to record the estimate of the uncollectible accounts would be
= Net credit sales × estimated percentage given
= $600,000 × 4%
= $24,000
All other information which is given is not relevant. Hence, ignored it
Answer:
A full service store
Explanation:
Juanita's place is a full service store that can handle almost all aspects of occasion dresses (prom dresses to holiday dresses), she also has staffs that helps customers to choose the perfect dress for an event and also the delivery of the dresses.
A full-service store strives to handle all aspects of the customers wants and preferences.
A full- service stores also employs qualified staffs to attend to customers.
In summary, Juanita's place is a full service store because they provide every service a customer might need regarding a dress.