Loan account i believe
hope this helps :)
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
Can you give a better explanation
Answer:
Lucky Enterprises Income statement
Amount in $ Amount in $
Revenue 122,100
Operating expenses:
Salaries and Wages Expense 83,300
Rent Expense 22,400
Supplies Expense 5,500
Insurance Expense 3,700
Interest Expense 800
Bad Debt Expense 900
Depreciation Expense <u> 2,100</u>
<u> </u><u>(118,700
)</u><u> </u>
Net Income/(loss) <u> </u><u>3,400</u><u> </u>
Explanation:
The income statement is the statement that shows if an organization made a net income or loss from its operations over a period of time.
It shows the sales and expenses of the organization.