You purchase one MBI July 125 call contract (equaling 100 shares) for a premium of $5. You hold the option until the expiration date, when MBI stock sells for $123 per share. You will realize a ______ on the investment.
A. $200 profit
B. $200 loss
C. $500 profit
D. $500 loss
D. $500 loss
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Which of the following is not true?
A. The auditor should not communicate with management until the audit of internal control over financial reporting is finished. B. If fraud is discovered, the auditor must report it to the appropriate level of management. C. Written communication between the auditor and management about internal control over financial reporting should include the definitions of control deficiencies, significant deficiencies, and material weaknesses. D. The auditor should not include in the audit report that no significant deficiencies were noted during an audit of internal control over financial reporting.
Use this information to answer the following question. The general ledger account for Accounts Receivable shows a debit balance of $50,000. Allowance for Uncollectible Accounts has a credit balance of $1,000. Net sales for the year were $500,000. In the past, 2 percent of sales have proved uncollectible, and an aging of accounts receivable accounts results in an estimate of $13,500 of
uncollectible accounts. Using the percentage of net sales method, Uncollectible Accounts Expense would be debited for A) $9,000. B) $11,000. C) $1,000. D) $10,000.
Organization by product is most favored by global companies because this type of organization guarantees the firm is a global company.
Answer the following statement true (T) or false (F)
The speech of ______ often contains somewhat more formal praise for its subject.
Fill in the blank(s) with the appropriate word(s).