Answer:
$100
Explanation:
A put option gives you the right to sell a stock at a specific strike price. In this case, the strike price is $45 per share and the market price of each share is $41.40.
The profit made with this investment = [($45 - $41.40) - $2.60] x 100* = $ x 100 = $100.
*Each option consists of 100 shares.
The answer is <span>d. Listen first and speak second.</span>
Answer:
(d) $26,000
Explanation:
The computation of the direct material cost is shown below:
= Fabric used to upholster furniture + Lumber used to build product + Freight in (raw materials)
= $8,000 + $15,000 + $3,000
= $26,000
The other cost which is mentioned in the question is related to direct labor, overhead cost, etc. Thus all other costs should be ignored.
