Answer: a. He has an acquisition cost of $4,800 and a date of acquisition of March 15, 2007.
Explanation:
A Put amount gives the holder the right to sell underlying assets. As the Put was exercised, the customer would have to buy the underlying stock and the price they will pay for it is the strike price of the Put less the cost of the Put.
Options contracts come in 100s so;
Acquisition cost = (50 - 2) * 100
= 48 * 100
= $4,800.
The date of acquisition is the day the put was exercised.
Answer:
B) False
Explanation:
Trade usually benefits all the nations involved. We can use an extreme example, Chinese-American trade. America has a huge trade deficit with China, but still the whole country benefits from it. America lost some manufacturing jobs, but they have been replaced by higher paying service related jobs (currently service related jobs account for more than 70% of the total jobs in America).
And more important, American citizens are able to buy very good and cheap products from China and other places. Imagine if we had to pay for only domestic products, we would spend a much larger portion of our income in them.
This statement is false, APR does not stands for Annual Proportion Ratio, rather it stands for Annual Percentage Rate. Usually APR can be seen in Credit Cards, loans, etc. It is the Annual percentage rate added to your credits.
Answer:
1.True
Explanation:
Ethical principles include honesty, equality, respect for rights, integrity, and adherence to the law. Yes, these principles are also applicable to society, in general, because these qualities are key factors that affect professionals such as engineers as well as society as a whole. As an Unethical practice can lead to a company shutting down if the public ends up turning against, if we talk about society, an unethical person in the society also can harm the whole society.
Explanation:
There are several ways that a CA aspirant can become fluent in the English language. The best way is to take short-term English language classes that will give some fluency in English. There are several such English courses available from leading institutes in India. Also, you can take simple online English language courses to improve English language fluency.
English language fluency is important for CA aspirants. It’s not only necessary to pass all exams to become a CA but also in your routine work, after becoming a CA. Hence, learning English and becoming fluent in this language is very important.
