Answer:
$5.73
Explanation:
The computation of the price of the put is shown below:
= Price of the corresponding call option - current price of put option + exercise price ÷ ( 1 + effective annual risk-free rate of interest) ^ number of months ÷ total months in a year
= $4.20 - $46 + $48 ÷ ( 1 + 0.04) ^ 3 months ÷ 12 months
= $4.20 - $46 + $48 ÷ 1.0098534065
= $4.20 - $46 + 47.5316513156
= $5.73
Answer: e. Decreases asset and expense accounts, and increases liability, common stock, and revenue accounts.
Explanation:
Let's evaluate each of the options as follows:
a. Is always a decrease in an account - This is false because a credit entry increases liability, common stock and revenue accounts.
b. Is recorded on the left side of a T-account - Although in modern day accounting, the use of T-account has been relegated to the background. However, if entries are to be recorded using the T-account, all debits are posted to the left side while all credits are recorded on the right side of the account.
c. Increases asset and expense accounts, and decreases liability, common stock, and revenue accounts - It does not increase asset and expense accounts, rather it reduces them. The opposite applies to liability, common stock, and revenue accounts.
d. Is always an increase in an account - This is false.
Therefore, option e is correct because a credit entry reduces asset and expense accounts, and increases liability, common stock and revenue accounts.
Answer: The difference between the two can be explained as follows :-
Explanation:
General partnership is form of business arrangement under which two or more individuals agree to share all assets and liabilities of business . Under this arrangement the partners agree to bear unlimited liability , that is, their personal assets can be held liable in case of any default in business.
A limited liability partnership is a partnership under which it is must to have one general partner and one limited partner. In this case limited partner is only liable to the extent of his or her investment while general partner's liability is unlimited.
Answer:
$24.28
Explanation:
Direct labor rate = $19 Payroll tax expense = 12% Costs for sick minus days = $3
112% of $ 19 = $21.28
Fringe benefits = $3
Total= 21.28+3 = $24.28
