Which of the following positions has a negative vega?
a. Receive fixed and pay floating LIBOR-based interest rate swap contract
b. Short cattle futures contract
c. Receive floating, pay fixed LIBOR-based forward rate agreement
d. Long Apple, Inc. put option
e. Short S&P 500 index call option
e
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Social classes differ in media preferences, with upper-class consumers often preferring ________ and lower-class consumers often preferring television
A) movies B) radio C) video or computer games D) magazines and books E) music downloads
In a revenue-sharing contract, ______.
A. the supplier and buyer share the revenue from sale of products B. the suppliers sell components and materials to the manufacturer at a price below their marginal cost, but the suppliers also share the manufacturer’s revenue, which offsets this loss C. the manufacturer benefits from the increased supply levels and the reduced purchase price of the supplies it purchases D. the burden of overcapacity is borne by the buyer
Assume the direct method is used to compute net cash flows from operating activities. For this item extracted from the financial statements-Decrease in Accounts Payable-indicate the effect on cash payments for purchases by choosing one of the following:
A) Add to Cost of Goods Sold to compute cash payments for purchases. B) Subtract from Cost of Goods Sold to compute cash payments for purchases. C) Not used to adjust Cost of Goods Sold to compute cash payments for purchases.
Indicate whether each of the following statements is true or false.________ a) Most companies expect to receive the full amount of their receivables.________ b) The estimated amount of uncollectible accounts is called the net realizable value.________ c) The direct write-off method does not require the computation of the net realizable value of accounts receivable.________ d) The practice of reporting the net realizable value of receivables is the result of using the allowance method.________ e) The materiality principle requires the computation of net realizable value for a company's liabilities.
What will be an ideal response?