Answer: $2
Explanation:
From the question, we are informed that an investor purchases a stock for $38 and a put for $.50 with a strike price of $35 and that the investor sells a call for $.50 with a strike price of $40.
The maximum profit for this position will be the purchase price of the stock deducted from the strike price of call option. This will be:
= $40 - $38
= $2
The statement public education in texas is overseen by both elected and appointed officials is true.
Who governs the SBOE?
The State Board of Education (SBOE) establishes rules and standards for public schools in Texas. The SBOE's key tasks are as follows:
- Establishing curricular standards
- Examining and implementing educational materials
- Creating graduation requirements
- In charge of the Texas Permanent School Fund
- Appointing military reserve and special school district board members
- Final evaluation of the State Board of Educator Certification's proposed regulations
- Reviewing the commissioner's proposed charter school award, with the power to veto a recommended application
Learn more about SBOE here,
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- Monthly payment = $753.45
- Interest in first month = $85
First remove the amount paid as down payment:
= 20,000 - 3,000
= $17,000
The amount to be paid monthly is a constant amount which would make it an Annuity.
The $17,000 is the present value of this Annuity so the formula for present value of annuity can be used to find the annuity.
The payment is monthly so the rate and number of periods needs to be converted:
Rate = 6%/12 = 0.5%
Period = 2 x 12 = 24 months
Annuity is:
<em>Present value of Annuity = Annuity x ( 1 - (1 + rate) ^- number of periods) / rate </em>
17,000 = A x ( 1 - ( 1 + 0.5%)⁻²⁴) / 0.5%
17,000 = A x 22.5628662
A = 17,000 / 22.5628662
A = $753.45
The interest in the first month is:
<em>= Interest rate x Amount borrowed </em>
= 0.5% x 17,000
= $85
In conclusion, the monthly payments will be $753.45 and the interest in the first month will be $85.
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The operating cash flow of kleczka llc. is: 474000
It is calculated as:
Sales 2500000
Less: Cost of Goods Sold -1800000
Gross Profit 700000
Less: Operating Expenses - 300000
Operating Income 400000
Add: Depreciation 200000
Operation Cash Flow 600000
Less Tax (600*21%) 126000
Net Operating Cash Flow 474000
Operating cash flow or OCF is a measure of the amount of cash which is generated by a company's normal business operations.
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Answer:
4,000
Explanation:
expected uncollectible 5% of Ar
5% of 100,000 = 5,000
current balance (1,000 credit)
Adjustment 4,000
When the uncolelctibles are made base on account receivable, the amount calculate is the ending balance and we should calculate the adjustment by the diference between beginning balance and ending balance
If the allowance is made based on sales then weshould adjust for the whole amount of the expected bad debt
