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aksik [14]
2 years ago
13

You purchased five call option contracts with a strike price of $22.50 and an option premium of $.48. You held the option until

the expiration date. On the expiration date, the stock was selling for $21.70 a share. What is the total profit or loss on your option position? Group of answer choices −$45 −$120 −$135 $0 −$240
Business
1 answer:
Wittaler [7]2 years ago
7 0

Answer:

You lose your premium <em>$</em><em>240</em> down the drain.

Explanation:

-$240

Total Loss= 5*(100 x -$0.48)= -$240

Good luck mate! Options are very risky.

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A checkmark in the PR column in the general journal means the?
snow_lady [41]

Answer: Option (D)

Explanation:

Checkmark in the post reference column of general journal refers to the fact that amount has been recorded in subsidiary ledger. As for each of the general ledger account there tends to lie a subsidiary ledger and the cumulative balance of the subsidiary ledger is also presented in balance sheet. For example, there are "n" number of the vendors in a business, but in the balance sheet only one account lies under the heading creditors. This is so, as posting entry the sub-ledger of the individual vendor is referred and accordingly, the cumulative balance of all vendors is presented in balance sheet as a final general ledger account.

3 0
2 years ago
Veltri Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.77 direct labor
olasank [31]

Answer:

Total direct labor cost= $122,752

Explanation:

Giving the following information:

Each unit of output requires 0.77 direct labor-hours.

The direct labor rate is $11.20 per direct labor-hour.

Production budget:

October= 7,100 units

November= 6,900 units

Minimum hours= 5,480 hours

First, we need to determine the number of hours required for each month.

October= 7,100*0.77= 5,467 hours

November= 6,900*0.77= 5,313 hours

Direct labor budget:

October= 5,480*11.2= 61,376

November= 61,736

Total cost= $122,752

3 0
3 years ago
What Is margin of safety?
skelet666 [1.2K]

Answer:

Margin of safety is a principle of investing in which an investor only purchases securities when their market price is significantly below their intrinsic value. ... Alternatively, in accounting, the margin of safety, or safety margin, refers to the difference between actual sales and break-even sales

5 0
2 years ago
Describe a communication situation with all the elements of communication​
Mariana [72]

Explanation:

Simply, we can define communication as “sharing of ideas or feelings with others.” Communication takes places when one person transmits information and understanding to another person. There is a communication when you respond or listen to someone. Movements of lips, the wave of hands or the wink of an eye may convey more meaning than even written or spoken words. The basic elements of communication process include communicator, communicatee, message, channel and feedback.

- Communicator is the sender, speaker, issuer or writer, who intends to express or send out a message.

- Communicatee is the receiver of the message for whom the communication is meant. The communicatee receives the information, order or message.

- Message, which is also known as the subject matter of this process, i.e., the content of the letter, speech, order, information, idea, or suggestion.

- Communication channel or the media through which the sender passes the information and understanding to the receiver. It acts as a connection between the communicator and the communicatee, i.e., the levels of communication or relationships that exist between different individuals or departments of an organization.

- Feedback, which is essential to make communication, a successful one. It is the effect, reply or reaction of the information transmitted to the communicatee.

Firstly, the communicator develops an exact idea about concepts, beliefs or data that he wants to convey. Then he translates the idea into words, symbols or some other form of message which he expects the receiver to understand. The communicator picks out an appropriate medium for transmitting the message. The message is then received by the communicate. The communicate acts upon the message as he has understood it. Finally, the effectualness of communication is assessed through response or feedback. If the communication brings in the desired changes in the actions, it is said to be successful communication.

Hope It Helps Pls Mark BranLiest

8 0
3 years ago
If a functional manager will not release the resources you need as project manager, your best course of action is to:
lina2011 [118]

Answer:

A - adjust project schedules and priorities accordingly

Explanation:

As a project manager, one of your key traits is to be resourceful and be able to work with what you have, whether it is a small team or a lack of some physical supporting resources. One must be able to change the schedule and begin with tasks that do not need the resources that one is being starved. Prioritising will ensure that the project is nearing completion while negotiations for partial assistance are being done for the functional manager to release the required resources, failing which, top management needs to notified of the consequences and the cause of the delays in the project. Updating ones resume because of a negotiation problem does not help the situation. A project manager must be able to prioritise and implement key deliverables using alternative, available resources

6 0
3 years ago
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