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Nostrana [21]
3 years ago
9

Exercise 14-27 (Algorithmic) (LO. 3) On May 9, 2020, Glenna purchases 500 shares of Ignaz Company stock for $14,400. On June 30,

2020, she writes a call option on the stock, giving the grantee the right to buy the stock for $18,000 during the following 12-month period. Glenna receives a call premium of $144 for writing the call. The call is exercised by the grantee on December 15, 2020. a. What is the amount and character of Glenna's gain or loss
Business
1 answer:
mars1129 [50]3 years ago
5 0

Answer: uh huh, this my sh

All the girls stomp your feet like this

A few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

I ain't no hollaback girl

A few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

I ain't no hollaback girl

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

I heard that you were talking sh

And you didn't think that I would hear it

People hear you talking like that

Getting everybody fired up

So I'm ready to attack, gonna lead the pack

Gonna get a touchdown, gonna take you out

That's right, put your pom-poms downs

Getting everybody fired up

A few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

I ain't no hollaback girl

A few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

I ain't no hollaback girl

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

So that's right dude, meet me at the bleachers

No principals, no student-teachers

Both of us want to be the winner, but there can only be one

So I'm gonna fight, gonna give it my all

Gonna make you fall, gonna sock it to you

That's right I'm the last one standing, another one bites the dust

Few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

I ain't no hollaback girl

A few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

I ain't no hollaback girl

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

Let me hear you say, this sh is bananas

B-A-N-A-N-A-S

This sh is bananas

B-A-N-A-N-A-S

Again, the sh is bananas

B-A-N-A-N-A-S

This sh is bananas

B-A-N-A-N-A-S

A few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

I ain't no hollaback girl

A few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

I ain't no hollaback girl

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

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Canton Corp. produces a part using an expensive proprietary machine that can only be leased. The leasing company offers two cont
Brut [27]

Answer:

Explanation:

a)

1. Unit rate lease

Unit Contribution margin = Unit Selling price – Unit Variable cost

= 40 - 24 =  $16

Break even point (units) = Fixed cost/Contribution margin per unit

= 200,000/16  = 12,500

2. Flat rate lease

Unit Contribution margin = Unit Selling price – Unit Variable cost

= 40 - 20  = $20

Break even point (units) = Fixed cost/Contribution margin per unit

= 260,000/20  = 13,000

b.)

Let at X units produced profit margin is same under both the lease options

40X - 24X - 200,000 = 40X - 20X - 260,000

16X - 200,000 = 20X - 260,000

4X = 60,000

X = 15,000

If 15,000 units are produced, profit margin will be same under both the lease options.

c)

1. Unit rate lease

Contribution margin income statement

Sales (20,000 x 40)  800,000

Variable cost (20,000 x 24)  - 480,000

Contribution margin  320,000

Fixed cost  - 200,000

Operating income  120,000

Operating leverage = Contribution margin/Operating income

= 320,000/120,000  = 2.67

2. Flat rate lease

Contribution margin income statement

Sales (20,000 x 40)  800,000

Variable cost (20,000 x 20)  - 400,000

Contribution margin  400,000

Fixed cost  - 260,000

Operating income  140,000

Operating leverage = Contribution margin/Operating income

= 400,000/140,000  = 2.86

d)

1. Unit rate lease

Margin of safety = Actual sales - Break even sales

= 20,000 x 40 - 12,500 x 40

= 800,000 - 500,000

= $300,000

Margin of safety (%) = Margin of safety/Actual sales

= 300,000/800,000  = 37.5%

2. Flat rate lease

Margin of safety = Actual sales - Break even sales

= 20,000 x 40 - 13,000 x 40

= 800,000 - 520,000

= $280,000

Margin of safety (%) = Margin of safety/Actual sales

= 280,000/800,000  

= 35%

5 0
3 years ago
Two external factors which must be considered in pricing decisions are​ __________. A. the marketing mix and the nature of the m
Nat2105 [25]

Answer:

The correct answer is D. demand and the nature of the market.

Explanation:

External factors: Nature of the market and demand

The price-demand relationship varies in different market classes, and how the way the buyer perceives the price affects the pricing decision. 4 types of markets .

  • If there is pure competition: merchants in these markets do not devote much time to marketing strategy. There is no charge for the products. It is standardized.
  • In monopolistic competition: it is within a price range, it can vary by quality, or the services that accompany it.
  • In oligopolistic competition: they can be uniform products or not, they are constantly watched over the competition. If prices rise, buyers will quickly change them as a supplier. There are few vendors and it costs others to enter.
  • In a pure monopoly: a market formed by a single supplier, unregulated monopolies have the freedom to set their prices, however they do not take advantage of them for several reasons, not to attract competition, fear of regulation and to penetrate the market.
  • Demand curve: curve that shows the number of units that the market will buy in a specific period at the different prices that could be charged.
  • Price elasticity: Measurement of the sensitivity of demand between changes in the price. It is obtained with the following formula: Elasticity of demand with respect to price = percentage of change in the amount of demand Percentage of change in price
8 0
3 years ago
Describe at least three other investments you want to make with your income either now or someday in the future. Explain why you
const2013 [10]
 <span>Don't invest in stock, period. Look up Options....Options are successful in a bearish and bullish market. As opposed to stocks are only in bullish markets. NEVER go in it for the long haul! Plain and simple.</span>
8 0
3 years ago
Read 2 more answers
Dynamo Corporation manufactures toasters. Each toaster comes with a 5-year assurance-type warranty. The toasters sell for $50 ea
Leno4ka [110]

Answer:

1.Dr Cash 25,000

Cr Sales revenue 25,000

2. Dr Warranty expense 2,500

Cr Warranty liability 2,500

3.Journal entry for actual warranty expense

Dr Warranty liability 500

Cr Cash 500

Explanation:

Preparation of Dynamo's journal entries related to the sales and warranty in Year 1.

1.Dr Cash 25,000

Cr Sales revenue 25,000

(50*500)

2. Dr Warranty expense 2,500

Cr Warranty liability 2,500

3. Dr Warranty liability 500

Cr Cash 500

7 0
3 years ago
Explain the relationship between consumers and producers in economic growth and activity
Strike441 [17]

The economy consists of producers, who make and sell goods and services, and consumers, who buy the goods and services.

Producers rely on consumers to buy from them, and consumers rely on producers to provide the goods and services they want.

Money allows this relationship to work.

3 0
3 years ago
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