Answer:
2 cents
Explanation:
The spot price = $0.7000 = 70 cents, The forward rate = $0.6950 = 69.5 cents and the call option with striking price = $0.6800 = 68.00 cents
The annualized six month rate = 3 1/2 % = 3.5 %, therefore the rate = r/n, where n is the number of period per year = 2. Therefore r/n = 3.5% / 2 = 0.035 / 2 = 0.0175
The minimum price = Maximum (spot price - striking price, (forward rate - striking price) / (1 + 0.0175), 0) = Maximum(70 - 68, (69.5 - 68)/ 0.0175, 0)
Minimum price = Maximum (2 , 1.47, 0) = 2 cents
Except for option C. All that apply Internal controls must be in place to protect these assets and ensure that only authorized individuals have access to them.
<h3>What is Internal Control?</h3>
Internal control is a procedure implemented by a company's board of directors, management, and other staff members and intended to give reasonable assurance that the information is trustworthy, accurate, and timely. of adherence to relevant laws, rules, contracts, policies, and procedures.
Thus, Internal control is crucial when it comes to cash because it is susceptible to theft or loss. Because of the enormous volume of cash transactions, there is always always a very high risk of theft, which is prevented by the separation of roles and the impossibility of document procedures.
Learn more about Internal Control here:
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Answer:
Piper should report $308,000 as net income for the year . Option C
Explanation:
Accumulated Depreciation till 2014 = [$600,000×(5+4+3)] ÷ 15 = $ 480,000
Book Value at beginning 2015 = $600,000 - $480,000 = $120,000
Depreciation Expense in 2015 = $120,000 ÷ 2 = $60,000
Net Income before depreciation & taxes = $ 500,000
Depreciation = $ 60,000
Electronic Benefits Transfer = Net Income before depreciation & taxes - Depreciation
= $ 500,000 - $ 60,000
=$ 440000
Tax Expenses = $440,000 × 30% = $132,000
Net Income =$ 308,000
Answer:
$14.71
Explanation:
Each veggiburger costs $3.25, the salad costs $2.50, the fries cost $1.50 and each coffee costs $0.90.
Your total bill without taxes or tips = $6.50 + $2.50 + $1.50 + $1.80 = $12.30
If we add the 4% our total increases to = $12.30 x 1.04 = $12.79
Generally I tip on the taxes, so the total bill including taxes and tip = $12.79 x 1.15 = $14.71
Answer: Mature industry
Explanation:
A mature industry is one of the type of industry that basically focus on the slow growth with some limited innovation of the industrial products and the services in the market.
The primary objective of the mature industry is that this type of industry has repeated customer rather than focusing on interacting with the new consumers or users.
According to the given question, the consumer milk industry is one the example of mature industry the united state because of its above characteristics.
Therefore, Mature industry is the correct asmwer.