Answer:
Option D is correct option.
<u>Short call and long put</u>
Explanation:
Short call and long put = - max (S - K, 0) + max (K - S, 0);
As S declines, the payoff from long put position improves. As S increases, payoff from short call position loses money. This option satisfies the condition put in the question.
B) It allows you to be eligible for federal student aid and other scholarship grants
Answer:
$5,452
Explanation:
Preparation of a multistep income statement for distribution to external financial statement users
SELLALL DEPARTMENT STORES
Income Statement
For the Year Ended December 31
Net Sales$37,880
Less Cost of Goods Sold $22,728
Gross Profit 15,152
($37,880-$22,728)
Operating Expenses
Administrative Expenses $2,400
General Expenses $2,600
Delivery Expense $300
Total Operating Expenses $5,300
($2,400+$2,600+$300)
Income from Operations $9,852
($15,152-$5,300)
Interest Expense($1,600)
Interest Revenue $200
Income before Income Tax Expense $8,452
($9,852-$1,600+$200)
Income Tax Expense $3,000
Net Income $5,452
($8,452-$3,000)
Answer:
Quasi-public
Explanation:
Quasi-public is one of the corporation in the sector which is a private and it is assist by the government along with public and it is mandate or necessary to offer the service. And most of the corporations of the quasi - public began as the government agencies but some of them have separate entities.
So, the kind of corporation presented by the organizations like USPS and NASA is known as the quasi- public.
Answer:
Journal entry to record Sheffield’s payroll
Dr. Cr.
Payroll Expense $28,000
Wages and Salaries Payable / Cash $21,528
FICA taxes withheld payable $2142
Federal taxes withheld payable $3,130
State taxes withheld payable $930
Insurance premiums withheld payable $270
All the taxes will be transferred to the tax payable accounts with their respective names and the amount net of tax will be transferred to wages and salaries payable and total amount will be Expensed.