Which of the following statements is FALSE?
A) The intrinsic value of an option is the value it would have if it expired immediately.
B) A European option cannot be worth less than an identical American option.
C) Put options increase in value as the stock price falls.
D) A put option cannot be worth more than its strike price.
Answer: B
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In the context of the working capital cycle, working capital is best described as:
a. Long-term assets that are required to run and grow the business, plus accounts receivable. b. Long-term assets that are required to run and grow the business, plus accounts payable. c. Liquid assets that are required to run and grow the business, minus accounts receivable. d. Liquid assets that are required to run and grow the business, minus accounts payable.
Which of the following is an example of a procedural rule in operation?
A) a Social Security recipient being entitled to receive a check for a large amount B) a Medicare recipient contacting a member of Congress to complain about the confusing health care system in the United States C) the Internal Revenue Service giving notice to all parties involved in an agency hearing D) the U.S. Department of Health and Human Services referring a client to a state agency better suited to handle his or her problem
Evans Tiles Company has estimated the following amounts for its next fiscal year
Total fixed costs $832,000 Sales price per unit 44 Variable costs per unit 20 What will happen to the breakeven point (in units) if Evans can reduce fixed costs by $22,000? (Round your answer up to the nearest whole unit.) A) The breakeven point will decrease by 917 units. B) The breakeven point will decrease by 1,100 units. C) The breakeven point will increase by 1,100 units. D) The breakeven point will increase by 500 units.
Statutes of repose places outer times limit on product liability actions.
Answer the following statement true (T) or false (F)