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Travka [436]
3 years ago
11

The current market price of a share of Disney stock is $60. If a call option on this stock has a strike price of $65, the call c

an be exercised profitably. is out of the money and can be exercised profitably. is in the money. is out of the money. is in the money and can be exercised profitably.
Business
1 answer:
Alexxx [7]3 years ago
3 0

Answer:

out of the money and cannot be exercised profitably.

Explanation:

In this question, we are asked to state the status of a call on a share of stock.

Now , We can identify that the strike price $65 has a greater value than market price of $60,

In situations when the striking price on a call option is more than the market price, the option is out of the money and cannot be exercised profitably.

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Answer:

They weaken their ability to represent the interests of employees

Explanation:

The two organizations American Federation of Labor(AFL) and Congress of Industrial organizations(CIO) work differently regarding their approach to representing labor or employees. They have had disagreements in the past, from CIO breaking out of AFL to some violent exchanges and differing policies to representing labour. These differences make it less effective to represent employees as these unions are not entirely unified.

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Direct materials, $7 per unit, Direct labor, $5 per unit, Variable overhead, $6 per unit, and Fixed overhead, $270,000. The comp
Arte-miy333 [17]

Answer:

Income reported under absorption costing =$440,000

Explanation:

<em>The income reported under absorption costing can be determined by  adjusting the income under variable costing for difference in profit.</em>

<em>The steps are outlined below:</em>

<em>Step 1</em>

<em>Calculate the Overhead absorption rate</em>

OAR = Budgeted Fixed overhead/ Budgeted number of units

=  $270,000/ 27,000 units

= $10

<em>Step 2</em>

<em>Calculate the change in inventory </em>

8500 units (given)

<em>Step 3</em>

<em>Calculate the difference in profit </em>=

<em> Difference in profit = OAR × change in inventory</em>

=8500×$10

= $85000

<em>Step 4</em>

<em>Calculate Income under absorption costing</em>

<em> =  Income under variable costing +  Difference in profit</em>

=$85,000 + $355,000

=$440,000

Income reported under absorption costing =$440,000

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