The business is losing money. The business has a net loss of $60,000.
Gross sales, $500,000
Sales returns and allowances of $20,000
Cost of goods sold, $320,000
General and admin expenses, $210,000
Gain on the sale of assets, $40,000
Purchase of treasury stock, $100,000
Interest expense, $10,000
We can find the net income by using the below formula:
Net Income = Gross Profit - Expenses
Calculation of Gross profit = Gross Sales - Sales returns and allowances - Cost of goods sold
Gross profit = 500,000 - 20,000 - 320,000
Gross profit = $160,000
Calculation of Total Expenses = General and admin expenses + Interest expense
Total Expenses = $210,000 + $10,000
Total Expenses = $220,000
Therefore,
Net Income = Gross Profit - Expenses
Net Income = $160,000 - $220,000
Net Income = - $60,000
As per the calculation above, the company is in net loss. The net income of the company is -$60,000.
To calculate the net income, we first calculate the gross profit of the company. We then calculate the total expenses by summing the general and admin expenses and interest expenses of the company.
Finally, we use the net income formula (Net Income = Gross Profit - Expenses) to get the net income of the company.
As per the calculation above, the company is in net loss. The net income of the company is -$60,000.
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Contribution Margin Income Statement Definition
The contribution margin income statement shows the net profit earned or loss incurred by an organization for a specific period. Both fixed expenses and variable expenses are treated separately in this statement. This statement is not used for financial reporting but, it is used to determine the net profit or loss incurred in a period.
The contribution margin income statement displays the organization's net profit or loss for a certain time period. In this statement, fixed and variable expenses are considered separately. is accurate.
In the field of economics, profit is defined as the difference between the income produced by an economic entity's outputs and the total of its input expenses. Total income less total expenses, which includes both direct and indirect expenses, is what it amounts to. It differs from accounting profit in that the latter only applies to costs that are clearly listed on a company's financial statements. Accounting profit is determined by deducting all explicit expenditures from the company's total revenue. An economist considers all expenses, both explicit and implicit, while analyzing a firm. Along with traditional profit, economic profit is frequently taken into account. The phrase "normal profits" in business refers to a situation where a company makes income
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30 points please help!
Which of the following are NOT considered employment taxes?
a. real estate taxes
b. social security taxes
c. self-employment taxes
Answer:
B.
Explanation:
Social Security is Payroll Tax.
Which document describes a worker's employment experience, strengths, skills, education, and other qualifications?
A.
Resume
B.
Cover letter
C.
Referral
D.
Reference
Answer:
A. Resume
Explanation:
A resume is a document prepared by a job seeker to itemize their education qualification and work experiences. It is a formal document sent to a potential employer by a job applicant. The resume shows an applicant's qualifications for the position advertised.
A resume is usually sent together with a cover letter.
Answer:
It's A
Explanation: hope it helps ^w^
Which sequence of HACCP principles is in the correct order?
A.
Establish critical limits for each CCP, conduct a hazard analysis, and establish corrective actions.
B.
Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP.
C.
Establish record-keeping procedures, establish corrective actions, and establish CCP monitoring requirements.
D.
Establish CCP monitoring requirements, conduct a hazard analysis, and identify CCPs.
E.
Conduct a hazard analysis, identify CCPs, and establish CCP monitoring requirements.
Answer:
B
Explanation:
Hazard analysis of critical control point (HACCP) is a process of identifying and assessing risks alongside the biological , physical and chemical hazards associated with food production .
The sequence of the first three of the seven principles are
1. Conduct hazard analysis to determine potential risks related to food protection
2. Identify the critical control point (CCP) which addresses controlling identified hazards that are mostly likely to cause injury to health
3. Establishing critical limits for each CCP , which is the highest or lowest level a biological ,physical or chemical parameter must be controlled to prevent or minimize hazards.
Answer:
B. Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP
Explanation:
a characteristic that was once an order winner may become an order qualifier, and vice versa. true or false
True. An attribute that was originally an order qualification could turn into an order winner, and vice versa.
An essential quality that a product needs to have in order to compete is order qualification. The 'winning' quality that convinces the customer to purchase the product is the order winner, nevertheless.
Order winners and requirements are dynamic and shift throughout time. The winner of the current order advances to qualifying the order as rivals catch up. When consumer preferences or expectations shift, this might also occur. A study emphasises how critical it is to comprehend order-winning tactics.
The standard that sets the company's goods and services apart from competing ones and secures purchases is called the order winner. Companies must meet requirements in order to enter or stay in the market. They only need to match the quality of their rivals to be considered; failing to do so could cost them sales.
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Challenge: Suppose you purchase a new car today for $21,000. Instead of paying all of $21,000 today, you decide to finance the balance over 36 months with the down payment of $1,000. That is, paying $20,000 can be spread out over 36 months. If the interest rate is 6% (in this case, interest rate is the cost of financing), what would have to be your monthly payment? Tips: The units have to be consistent. In this case, everything has to be in terms of ‘month.’ Divide the annual interest rate 6% by 12 to get the monthly interest rate. ‘n’ is the number of months, not years.
So monthly payment for financing the car would be $607.87.
How to calculate the monthly payment for financing the car?To calculate the monthly payment for financing the car, we can use the formula for calculating the monthly payment on a loan. The formula is:
\(M = P * (r * (1 + r)^n) / ((1 + r)^n - 1)\)
Where:
M = Monthly payment
P = Principal amount (loan amount - down payment)
r = Monthly interest rate
n = Number of months
In this case, the principal amount (P) is $20,000 ($21,000 - $1,000), the monthly interest rate (r) is 6% divided by 12 (0.06 / 12), and the number of months (n) is 36.
Let's calculate the monthly payment:
M = $20,000 * \((0.06/12 * (1 + 0.06/12)^{36}) / ((1 + 0.06/12)^{36} - 1)\)
Using a calculator or spreadsheet software, the monthly payment comes out to be approximately $607.87.
Therefore, your monthly payment for financing the car would be $607.87.
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________ appeals help consumers make purchase decisions by offering factual information that encourages consumers to evaluate the brand favorably on the basis of the key benefits it provides.
Informational Appeals help consumers make purchase decisions by offering factual information that encourages consumers to evaluate the brand favorably on the basis of the key benefits it provides.
What is Informational Appeals ?It allows you to showcase the product's qualities and the benefits that a buyer will gain when using the goods. It is an effective method of persuading them that your product is something they truly require and can use. Con: Informative advertisements can be boring.
Aristotle proposed three types of argumentation arguments: logical, ethical, and emotional appeals.
Ebooks, "How-to" videos, blogs, and brochures are all examples of informational marketing because they provide a detailed description of a service or product and what makes it unique in the business.
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which of the following is the features of memorandum. (a) no salutation (b) dear ma/sir (c) it contains letter headed paper (d) it contains e-mail
Answer:
(c) it contains letter headed paper
Explanation:
A memorandum can be referred to as it's short form called a Memo. A memorandum is an official means of communicating internally with the staff or employees of an organization about the day to day running or operations of such an organization.
Features of a Memorandum ( Memo) includes:
a) It is always typed or written on the company's letter headed paper.
b) It includes the person or persons who the memo is been addressed to
c) It includes the name and signature of person writing the memo.
d) Subject or title of the memo.
e) Information about the subject of the memo.
Your supervisor constantly gets on you for things that you feel aren't your fault. Every other day , they approach you about work that isn't done , but you know that it's someone else's responsibility . How will you handle this issue
Answer: Try talking so your supervisor about it so he understands you can’t deal with certain that aren’t your responsibility, if it doesn’t work you should speak to a superior higher than your supervisor before it’s too late and you’re blamed for the unnecessary
Explanation:
Government actions taken to mange a country’s money supply are called ————-policy
Answer:
Government actions taken to mange a country’s money supply are called ——Monetary——-policy
Question
Government actions taken to mange a country’s money supply are called ————-policy
Answer
MonetaryExplanation
Monetary is a government actions that taken to manage a countries by supplying money.
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what are the two types of plans an organization can choose to establish its strategy?
The two types of plans an organization can choose to establish its strategy are strategic plans and operational plans.
Strategic plans: These plans are long-term and focus on defining the organization's overall direction and objectives. Strategic plans typically cover a time frame of three to five years or even longer. They involve high-level decision-making and provide a roadmap for achieving the organization's mission and vision. Strategic plans outline the organization's goals, priorities, and strategies for growth, market positioning, resource allocation, and competitive advantage. They involve assessing the external environment, identifying opportunities and risks, and formulating strategies to capitalize on strengths and address weaknesses.
Operational plans: These plans are shorter-term and more detailed than strategic plans. They translate the strategic goals and objectives into specific actions and tasks that need to be executed by different departments and teams within the organization. Operational plans focus on the day-to-day activities and processes required to implement the strategic plans effectively. They address resource allocation, budgeting, timelines, performance targets, and operational procedures. Operational plans are often reviewed and updated on a yearly or quarterly basis to ensure alignment with changing circumstances and strategic objectives.
Both strategic plans and operational plans are essential components of an organization's planning process. Strategic plans set the overall direction and goals, while operational plans provide the specific steps and tactics required to achieve those goals in a practical and actionable manner.
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An investor short sells 300 shares of a stock for $19 per share. The initial margin is 54 %. How much equity will be initially required in the account to complete this transaction? In other words, what is the initial margin deposit?
The initial margin deposit is $ . (Round to the nearest dollar.)
In short selling, an investor borrows shares from their broker and sells them in the market, hoping to purchase them back later at a lower price and make a profit. The investor is required to deposit an initial margin, which is a percentage of the total value of the shares being shorted.
An investor short sells 300 shares of a stock for $19 per share. The initial margin is 54 %. How much equity will be initially required in the account to complete this transaction? In other words Solution: The total value of the shares being shorted
= 300 × $19
= $5,700Initial margin percentage
= 54%Initial margin deposit
= (54/100) × $5,700 ≈ $3,078Therefore, the initial margin deposit is $3,078.
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The stock market represents small businesses. A. True B. False
I would say the answer is Falsr
Which of the following is not an example of professional behavior
?
A new business should be based on an entrepreneur's individual interests because the entrepreneur must...
A. have sufficient confidence to succeed.
B. be willing to take personal responsibility.
C. have enough determination to work alone.
D. dedicate as many hours as needed to the work.
Will mark brainliest!
Answer:
A.................
Explanation:
look at my pokemon
Answer:
D
Explanation: because i said so but it might not be right
The relationship between maturity and yield to maturity is called the ________. group of answer choices
The relationship between maturity and yield to maturity is called the term structure.
What is the yield to maturity ?
The yield to adulthood is the hobby fee with the purpose to make the prevailing fee of the coins flows identical to the price (or preliminary investment).
What is the distinction among yield to adulthood and yield to call?
The general move back with the purpose to be obtained from the time a bond is bought till it matures is stated as the yield to adulthood.The fee incurred if the company of a callable bond makes a decision to pay it off early is stated as yield to call.Learn more about yield to maturity (YTM).
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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2. Home Production, Consumption Tax, and the Laffer Curve: Consider the following one-period representative household model. There is a representative household and she decides how to allocate her time between market and non-market market activity. Let n denote the time allocated to market activity, and (1−n) denote the time allocated to non-market activity so that her total time endowment adds up to 1 . Her preferences are: u(c m
,c h
)=(c m
rho
+c h
rho
) p
1
where rho≤1 is a parameter, c m
denotes the consumption of market-produced good and c h
denotes the consumption of home-produced good, e.g., cooking, babysitting. Market-produced good can only be purchased in the market and subject to a budget constraint as follows: (1+τ)c m
=wn. Here, τ is the consumption tax on the market-produced good, and w is the constant wage rate. Note that n corresponds to the labor supply in our consumption-leisure framework. Homeproduced good cannot be purchased from the market and is produced (at home) according to a linear technology: c h
=α(1−n). Note that there is no direct utility from leisure, but indirectly from the production of home good. Moreover, there is no tax on home-produced good, e.g. the government cannot collect tax from the food you cook and eat at home. For the purposes of this question, there is no labor income tax either. (a) Write down the Lagrangian for the utility maximization problem and obtain the first order conditions. (b) Solve for optimal n. Holding everything else constant, how does an increase in the productivity of home production, i.e., larger α, affect n, the labor supply? Explain intuitively. (c) For the rest of the question, assume that rho=0.5,α=1.0, and w=1.0. Solve for optimal c m
and c h
. (d) Calculate government tax revenue when τ=1. (e) What value of τ maximizes the government tax revenue? 2. Home Production, Consumption Tax, and the Laffer Curve: Consider the following one-period representative household model. There is a representative household and she decides how to allocate her time between market and non-market market activity. Let n denote the time allocated to market activity, and (1−n) denote the time allocated to non-market activity so that her total time endowment adds up to 1 . Her preferences are: u(c m
,c h
)=(c m
rho
+c h
rho
) p
1
where rho≤1 is a parameter, c m
denotes the consumption of market-produced good and c h
denotes the consumption of home-produced good, e.g., cooking, babysitting. Market-produced good can only be purchased in the market and subject to a budget constraint as follows: (1+τ)c m
=wn. Here, τ is the consumption tax on the market-produced good, and w is the constant wage rate. Note that n corresponds to the labor supply in our consumption-leisure framework. Homeproduced good cannot be purchased from the market and is produced (at home) according to a linear technology: c h
=α(1−n). Note that there is no direct utility from leisure, but indirectly from the production of home good. Moreover, there is no tax on home-produced good, e.g. the government cannot collect tax from the food you cook and eat at home. For the purposes of this question, there is no labor income tax either. (a) Write down the Lagrangian for the utility maximization problem and obtain the first order conditions. (b) Solve for optimal n. Holding everything else constant, how does an increase in the productivity of home production, i.e., larger α, affect n, the labor supply? Explain intuitively. (c) For the rest of the question, assume that rho=0.5,α=1.0, and w=1.0. Solve for optimal c m
and c h
. (d) Calculate government tax revenue when τ=1. (e) What value of τ maximizes the government tax revenue?
The household's preferences, budget constraints, and production technology are defined, and the objective is to maximize utility.
(a) The Lagrangian for the utility maximization problem can be written as L = u(c_m, c_h) + λ[(1 + τ)c_m - wn - c_h], where λ is the Lagrange multiplier. The first-order conditions are obtained by taking partial derivatives with respect to the decision variables and setting them equal to zero.
(b) Solving for optimal n, an increase in the productivity of home production (larger α) would decrease the household's dependence on market-produced goods. As a result, the household would choose to allocate more time to non-market activities, reducing labor supply (n) and increasing leisure time.
(c) Given rho = 0.5, α = 1.0, and w = 1.0, the optimal values for c_m and c_h can be determined by substituting the values into the budget constraint and solving the resulting equations.
(d) When τ = 1, government tax revenue can be calculated by multiplying the tax rate by the market-produced consumption, τc_m.
(e) To find the value of τ that maximizes government tax revenue, the derivative of tax revenue with respect to τ can be computed and set equal to zero, solving for τ.
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Find the consumer and producer surpluses by using the demand and supply functions, where p is the price (in dollars) and x is the number of units (in millions). Demand Function Supply Function
p = 975 − 21x p = 44x
consumer surplus $ ________ millions
producer surplus $ ________ millions
Consumer surplus: $337.5 million , Producer surplus: $337.5 million
To find the consumer and producer surpluses, we need to calculate the areas under the demand and supply curves, respectively. Demand function: p = 975 - 21x Supply function: p = 44x The consumer surplus is the area between the demand curve and the equilibrium price (p) up to the quantity (x) exchanged. To find the consumer surplus, we need to integrate the demand function from 0 to the equilibrium quantity (x) and subtract it from the equilibrium price (p). Integrating the demand function, we get: Consumer Surplus = ∫[0, x] (975 - 21x) dx The producer surplus is the area between the supply curve and the equilibrium price (p) up to the quantity (x) exchanged. To find the producer surplus, we need to integrate the supply function from 0 to the equilibrium quantity (x) and subtract it from the equilibrium price (p).
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(d) State how the double entry would be completed for the items recorded in the ledger accounts
column of the petty cash book.
The general ledger's expense account is debited for the sum of each expense column.
How does a general ledger work?An organization employs a general ledger, which is a group of numbered accounts, to record its financial activities and generate financial reports. A unique record detailing a particular kind of asset, risk, equity, revenue, or expense makes up each account.
Which five categories of accounts for general ledgers are there?Accounts receivable, a commodity account, represents money owed to your business. Accounts payable refers to money that your business owes to creditors for expenses. Cash: Easily convertible assets held by your company, such as accounts and owner' equity.
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if an increase of an equal percentage in all factors of production increases output of the same percentage, then a production function has the property called:
if an increase of an equal percentage in factors of production increases output of the same percentage, then a production function has property called constant returns to scale.
A production function's attribute known as constant returns to scale (CRS) describes how inputs also known as factors of production and outputs are related to one another. When a production function displays CRS, all inputs must increase by the same percentage in order to produce an increase in output of the same proportion.
In other words, a company's output will double if all of its inputs are doubled. Its output will also triple if its inputs are increased thrice. Constant returns to scale refer to the fact that this connection is true regardless of the production scale. Therefore, a production function has the property known as constant returns to scale if an increase of an equivalent proportion in components of production increases output by an equal percentage.
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a company's ability to make interest payments and repay debt at maturity is referred to as a.profitability b.solvency c.liquidity d.leverage
Solvency is the capacity of a business to pay its debts, including interest, when they are due.
What is solvency?A company's capacity to meet its financial obligations is referred to as its "solvency." It involves more than just a company's ability to settle its current debts, though. Long-term financial stability is a prerequisite for financial solvency.
How does solvency get measured?The solvency ratio enables us to evaluate a company's capacity to fulfill its long-term financial commitments. After deducting depreciation, divide an industry's after-tax net income by the total of its liabilities to arrive at the ratio (short-term and long-term).
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The pipe located underneath Jiro’s kitchen sink was leaking and he did not know how to fix it. He called a plumber who agreed to come fix the leaking pipe in exchange for $125 plus the cost of any parts. The plumber went to Jiro’s home, removed the old pipe that was leaking, and replaced it with a new pipe that the plumber brought with her. When the plumber was finished, she told Jiro that the total cost was $140 and Jiro promptly paid her. Was this a voluntary exchange? Why or why not?
A
Yes, because both parties willingly entered the exchange and benefited from it.
B
Yes, because one party exchanged money with another party for a good or service.
C
No, because Jiro was not aware of the final cost before he agreed to the exchange.
D
No, because the plumber’s service was not equal in value to the money paid by Jiro.
Answer:
A
Explanation:
It’s not b
The given statement clearly states that it was a voluntary exchange because both parties willingly entered the exchange and benefited from it. Hence, Option A is correct.
What is a voluntary exchange?
Buyers and sellers engaging in market exchanges voluntarily and freely is known as voluntary exchange. A basic tenet of both classical and neoclassical economics, which serve as the foundation for modern mainstream economics, is voluntary exchange.
A transaction when two persons freely exchange products or services is referred to as a voluntary exchange. This happens in a market economy, a form of economy where both parties to an interaction benefit from it and come out ahead than they did before.
Given that both parties entered the voluntary exchange and benefited from it, it is apparent that the transaction was voluntary.
Therefore, Option A is correct.
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The mining and export of minerals and precious stones is very important part of the Namibian economy. It was reported that despite a sharp decrease in the quantity of these exports between 1995 and 1999 the export value of the items rose in that period. a) Where the minerals and precious stones would be recorded in the Namibian balance of payments?
Answer:
The minerals and precious stones would be part of the current account, which is one of the three components of the balance of payments, the other two being the capital account and the financial account.
Explanation:
The current account includes income transfers, current transfers, the balance in the trade of services, and the balance in the trade of goods. The export value of minerals and precious stones would more specifically be in the balance of the trade of goods, simply because minerals and precious stones are classified as economic goods.
Which account is credited in an adjusting entry to record depreciation on machinery?.
Accumulated depreciation account is credited in an adjusting entry to record depreciation on machinery. This accumulated depreciation account is not recorded separately on the balance sheet but it's recorded in a contra asset account as a credit.
Accumulated depreciation generally described as a total amount of an asset that has been depreciated up until a single point. Accumulated depreciation has a credit balance, which reduces the gross amount of the fixed asset, so accumulated depreciation is not recorded as a liability or an asset.
The difference between the depreciation expense and accumulated depreciation is the accumulated depreciation is not recorded in a liability but it's recorded in a contra asset account as a credit, reducing the gross amount of fixed asset. While the depreciation expense is recorded as an expense or debit, reducing net income.
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Micromarketing involves marketing to specific countries rather than global markets.
a. true
b. false
Instead of targeting worldwide audiences, micromarketing targets localized nations.
This statement is wrong because micro marketing tends to focus on specific niche rather than specific countries.
What is Micro Marketing?
It is a type of marketing which is used in order to reach some specific group of people or an individual. These are small in size i.e "micro" in nature or a group which was approached by the customised content.It directly focuses on some niche and targets its potential consumers. There are four levels of micro marketingMass MarketingSegment MarketingNiche MarketingMicro MarketingTo learn more about micro marketing, visit: https://brainly.com/question/27963674
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Shuri is revamping her company to clarify the chains of command, the tasks assigned to each worker, the official policies and procedures, and her expectations for cooperation and teamwork. Shuri is:.
By reshaping her company to clarify the chains of command, the tasks assigned to each worker, the policies and procedures according to her expectations of cooperation, Shuri is increasing organizational synergy.
Importance of synergyIn an organization, synergy corresponds to simultaneous efforts, that is, cooperation that will lead to the integration of employees and organizational goals and objectives.
Therefore, by increasing synergy, Shuri aims to integrate organizational resources with the workforce, increasing cooperation, communication and organizational culture, focused on development and continuous improvement.
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You purchase one IBM put contract with a strike price of 160 for a premium of 2.62. What is your maximum possible profit?
The maximum possible profit from purchasing one IBM put contract with a strike price of 160 for a premium of 2.62 is $157.38 if the price of IBM stock falls significantly below the strike price at expiration.
To determine the maximum possible profit from purchasing one IBM put contract with a strike price of 160 for a premium of 2.62, we need to consider the different scenarios and outcomes at expiration.
When purchasing a put option, the maximum possible profit is achieved when the underlying asset's price declines significantly below the strike price. In this case, since you are buying a put option, your maximum possible profit is the difference between the strike price and zero, minus the premium paid.
Let's consider two scenarios:
1. IBM stock price falls below the strike price:
If, at expiration, the price of IBM stock is below the strike price of 160, the put option becomes in-the-money. In this scenario, your maximum profit is the difference between the strike price and zero, minus the premium paid. So, the maximum possible profit would be 160 - 0 - 2.62 = $157.38 per contract.
2. IBM stock price remains above the strike price or increases:
If, at expiration, the price of IBM stock remains above the strike price of 160 or increases, the put option expires out-of-the-money. In this case, the maximum possible profit is limited to the premium paid, as the option would not be exercised. Therefore, the maximum possible profit would be the premium of 2.62.
It is important to note that the maximum possible profit is achieved if you sell the put option at the most opportune time. If the option expires in-the-money, exercising the option and selling the underlying stock would yield the maximum profit. However, if the option expires out-of-the-money, selling the option itself would allow you to realize the maximum possible profit.
In summary, the maximum possible profit from purchasing one IBM put contract with a strike price of 160 for a premium of 2.62 is $157.38 if the price of IBM stock falls significantly below the strike price at expiration. If the stock price remains above the strike price or increases, the maximum possible profit is limited to the premium paid of 2.62.
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Becky debated on salad or fish for dinner. She chose salad, assuming it to be lighter and noticing it was also cheaper. Becky used ______ in her decision.
a. Evaluative criteria
b. Problem solving
c. Purchase decision stage
d. Social surroundings
Becky debated on salad or fish for dinner. She chose salad, assuming it to be lighter and noticing it was also cheaper. Becky used Evaluative criteria in her decision.
Evaluative criteria refer to the factors or standards that consumers use to evaluate and compare different products or services before making a purchase decision. These criteria can be objective, such as price or quality, or subjective, such as personal preferences or emotional factors.
Consumers use evaluative criteria to make decisions that meet their needs and wants, as well as to ensure that they are getting the best value for their money. For example, when choosing a new phone, a consumer might use evaluative criteria such as price, battery life, camera quality, and brand reputation to compare different models and make an informed purchase decision.
Understanding the evaluative criteria that consumers use can help businesses develop products and services that meet their customers' needs and government preferences.
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difference between debit the receiver and credit the giver
Answer:
Explanation:
When a payment is made to somebody, you debit the receiver of that payment and credit Cash or Bank as money is paid from cash or by means of cheque. When money or cheques are received, you credit the person who is paying you and you debit the cash or bank.