Answer:
The correct answer is E) None of the above.
Explanation:
when you purchase a straddle on euros, this means you simultaneously buy a call option and a put option on the same common stock on euros bearing a similar expiration date, and the same place where the security can be bought and sold. What this means is, you tend to make a profit once the common stock makes a sharp move. Normally, call options give investors the liberty to sell stock expecting a rise in price, while a put option gives the investors want to sell their stock because they predict a fall in price. These two option contracts aim at making investors make profits.
Answer:
TIE = 4,985.71
Explanation:
net income / (1 - tax-rate) = Earnings before taxes
3,000 / 0.7 = 4,285.71
Earnigns before taxes + interest = EBIT (earnings before interest and taxes)
4,285.71 + 700 = 4,985.71
Generally, in situations such as this where one person enters into a competition with a company or corporation with an explicitly defined prize, this constitutes a unilateral contract. Unilateral contracts are defined by the offering of a reward for a specifically defined act, and this contract is accepted when the contractee completes the act. In this case, Rocky Mountain Races, Inc., and Monica did have a uniform contract. Furthermore, because Monica entered the race and was declared the winner, she fulfilled her end of the contract thus accepting the contract (and qualifying for the reward from the contractor). However, because Rocky Mountain Races, Inc., included a provision that they could change the terms of the race at any time, Monica isn't entitled to the $10,000 reward, she is entitled to whatever reward Rocky sees fit.
Answer:
Debit to work in process for $79,000
Explanation:
The journal entry is shown below:
Work in process Dr $79,000
To Direct material $79,000
(Being requistion from the storeroom is recorded)
Here work in process is debited as it increased the assets and credited the direct material as it decreased the assets
Working note
Total material requisitions. = $ 83,000
Less : Indirect material. =. ($ 4000)
Direct material $79,000
Answer: <u>Memos omit a closing signature.</u>
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<u>(I took the test and this was the answer)</u>
