Refer to Instruction 10.1. The cost of a put option to CVT would be:
A) $52,500.
B) $55,388.
C) $58,275.
D) There is not enough information to answer this question.
Answer: D
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Indicate whether the statement is true or false.
A company uses activity-based costing to determine the costs of its three products: A, B, and C. The budgeted cost and activity for each of the company's three activity cost pools are shown below.??Budgeted ActivityActivity Cost PoolBudgeted CostProduct AProduct BProduct CActivity 1$140,0007,5004,0006,000Activity 2$54,0002,5002,0001,500Activity 3$28,00015,00025,00030,000Compute the company's activity rates under activity-based costing for each of the three activities.
What will be an ideal response?
On March 1, Year 1, Gilmore Incorporated declared a cash dividend on its 1,500 outstanding shares of $50 par value, 6% preferred stock. The dividend will be paid on May 1, Year 1 to the stockholders of record as of April 1, Year 1.How will the entry to record the declaration of the dividend on March 1 affect the elements of the financial statements? Assets=Liab.+Stk.EquityRev.?Exp.=Net Inc.Stmt. ofCash FlowsA.NA (9,000) (9,000)NA 9,000 (9,000)NAB.NA 9,000 (9,000)NA NA NANAC.(4,500) NA (4,500)NA NA NA(4,500)FAD.NA 4,500 (4,500)NA NA NANA
A. Option A B. Option B C. Option C D. Option D
Francie drives into Gage's Auto Service and asks Hong, a Gage's employee, to replace a tire onFrancie's car. After Hong replaces the tire, but before Francie pays for it, any contract between Francie and Gage's is
a. executed. b. executory. c. void. d. unenforceable.