Answer:
- The entries in VLC's accounting information system to record all the preceding events will include all of the following except:
C. A credit togross profit
Explanation:
An entry to Gross Profit does not exist because the gross profit it's the result of the total sales minus the Cost of Goods, so the Gross Profit it's a result and not a journal entry.
The other entries are used as follows:
A. A debit to cost of goods sold
D. A credit to inventory
B. A debit to delivery expense
A credit to Cash
Answer:
The trader exercises the option and loses money on the trade if the stock price is between $30 and $33 at option maturity.
Explanation:
A call option is the right to buy an asset at an agreed price on the maturity date. This agreed price is known as the strike price.
In the given scenario, the strike price is $30. The trader pays an additional $3 for the right to exercise the option, thus paying a total of $33 for the option.
Now, if the asset price on maturity date is greater than $30, the trader shall exercise the option and buy the asset. This is because the market price of the asset is greater than the price the trader pays for it, resulting in a favorable situation for the trader.
However, the trader paid a total of $33 for the stock. Hence, the trader shall lose money on the trade as long as the asset price is below $33.
Therefore, if the asset price upon maturity is between $30 and $33, the trader shall exercise the option but lose money on the trade.
Answer:
Yes.
Explanation:
Yes, the Solomon and Flores form of trust exist in business if bluffing is an accepted rule of business negotiation because bluffing is acceptable in the business. If bluffing is an accepted rule of business negotiation then there is no trust formed between Solomon and Flores and the reason for this is that bluffing is a bad act which makes relationship worse between the partners but in this case trust exist in business due to the rule of bluffing.
The innermost bay of the Yellow Sea is called the Bohai Sea (previously Pechihli Bay or Chihli Bay). Into it flow both the Yellow River (through Shandong province and its capital Jinan) and Hai He (through Beijing and Tianjin). Deposits of sand and silt from those rivers contribute to the sea colour.
The northern extension of the Yellow Sea is called the Korea Bay.
The Yellow Sea is one of four seas named after common colour terms — the others being the Black Sea, the Red Sea and the White Sea.
