1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aniked [119]
4 years ago
6

You purchase one MMM July 129 call contract (equaling 100 shares) for a premium of $21. You hold the option until the expiration

date, when MMM stock sells for $141 per share. You will realize a ______ on the investment.
Business
1 answer:
mel-nik [20]4 years ago
7 0

Answer:

There is loss of $900 on investment.

Explanation:

The purchase of 1 MMM July 129 call contract at premium  = $21

Since it is given that it is held unit the expiration date.

The selling price of MMM stock = $141 per share.

Total number of shares = 100

Total amount paid for share (purchase price) = 129 + 21 = $150

Loss or profit = Market price on expiration date- purchase price

              =141-150

              = - 9

Total loss =  9 × 100

           =900 loss

You might be interested in
A company wants to host a publicity available server that performs the following functions:
Debora [2.8K]

Answer: b. DNSSEC

Explanation:

From the question, we are informed that company wants to host a publicity available server that performs the following functions such as evaluates MX record lookup, can perform authenticated requests for A and AAA records, uses RRSIG.

To fulfill the above requirements, the company should use Domain Name System Security Extensions (DNSSEC). It should be ited that DNSSEC is simply an suite used for securing some information that have been provided by

the DNS.

3 0
3 years ago
Rick Co. had 30 million shares of $1 par common stock outstanding at January 1, 2021. In October 2021, Rick Co.'s Board of Direc
Bond [772]

Answer:

Debit retained earnings for $15.30 million.

Explanation:

As per the data given in the question,

Declaration of common stock dividend indicates no cash payments, only extra shares issued with rate of stock dividend

In this Rick Co. had 30 million shares and Rick Co. declared 1% stock dividend  

which means 30 million × 1% = 0.30 million shares issued

Retained earning = (0.30 million × $51)  

= $15.30 million

To common stock A/c =  (0.30 × $1) = $0.30 million

To capital paid in access A/c = (0.30 million × ($51-$1)) =  $15.00 million

( Being stock dividend was issued at 1% )

Hence, Option (d) Debit retained earning for $15.30 million is correct.

8 0
3 years ago
The price system is an important component of the market because it
WINSTONCH [101]

The price system is an important component of the market because it  coordinates the activities of producers, consumers, and owners of resources.

The answer to this question is option c. In economics the price system can simply be described as the way of organizing economic activities.

In order to do this, it coordinates the decisions of the buyers, the suppliers or the producers, and the owners of productive resources.

Read more on brainly.com/question/13497344?referrer=searchResults

6 0
3 years ago
Cullumber Manufacturing Company purchased 14600 switches to make 6300 units. The standard allows for 2 switches per unit. The co
earnstyle [38]

Answer:

d. $1,875 unfavorable

Explanation:

Direct material quantity variance is computed as;

= (AQ - SQ) × SP

AQ = Actual quantity = 6,300 units

SQ = Standard quantity = 14,200 / 2 = 7,300 units

SP = Standard price = $0.80

Direct material quantity variance

= (6,300 - 7,300) × 0.80

= -1,000 × $0.80

= -1,875 unfavorable

3 0
3 years ago
The customer service manager for the XYZ Fastener Manufacturing Company examined 60 vouchers and found 9 vouchers containing err
fredd [130]

Answer:

= (0.043 , 0.257)

Explanation:

p = 9/60 = 0.15

Z score for 98% confidence interval = Z0.01 = 2.33

The Confidence interval = (p + Z0.01 * sqrt(p * (1 - p) / n))

= (0.15 + 2.33 * sqrt(0.15 * (1 - 0.15) / 60))

= (0.15 + 0.107)

= (0.043 , 0.257)

6 0
3 years ago
Read 2 more answers
Other questions:
  • Will the financial statements of a company always differ when different choices at the start of the accounting period are made r
    11·1 answer
  • If a good is inferior, then an increase in income will result in a(n) a. increase in the demand for the good. b. decrease in the
    7·1 answer
  • Which of the following stages of the new-product development process is the first filter, which serves to eliminate new-product
    14·1 answer
  • Scott is the business head of a software development firm that wants to increase its market share to 30 percent in the next 5 ye
    5·1 answer
  • Linkedin receives more than __________ of its visitors from countries like costa rica, malaysia, singapore, and the united kingd
    10·1 answer
  • Indicate how each item should be classified in the statement of cash flows using these four major classifications: operating act
    14·1 answer
  • To help maintain a competitive advantage, the emphasis for most companies is on _____.
    14·1 answer
  • Cash flows during the first year of operations for the Harman-Kardon Consulting Company were as follows: Cash collected from cus
    10·1 answer
  • The independent variable in the Situational school of leadership is: a. Maturity of the followers b. Clarity of the task c. Time
    5·1 answer
  • What company strategy correlates to returning the highest profit margins and return on assets?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!