In the percent increase or decrease problems, the portion is:
A. Amount of increase or decrease
B. 1/2 the original price
C. Original price
D. New price
Answer: A
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Sanford, Inc, enters into a call option contract with Sons Investment Co on January 2, 2014 . This contract gives Sanford the option to purchase 1,000 shares of MAX stock at $100 per share. The option expires on April 30, 2014 . MAX shares are trading at $100 per share on January 2, 2014, at which time Sanford pays $400 for the call option. The $400 paid by Sanford, Inc, to Sons Investment is
referred to as the a. option premium. b. notional amount. c. strike price. d. intrinsic value.
Assets of one firm can correspond to the liabilities of another firm. For example, an account receivable on the seller's balance sheet is an account payable on the buyer's balance sheet. Required: For each of the following items, indicate whether it is an asset or a liability and give the corresponding account title on the balance sheet of the other party to the transaction:
a. Bonds Payable. b. Interest Receivable. c. Prepaid Insurance. d. Rental Fees Received in Advance. e. Advances from Customers.
Care must be taken involving capital investment decisions, since normally a long-term commitment of funds is involved and operations could be affected for many years
Indicate whether the statement is true or false
Every fraud has three elements including all of the following, except:
a. the theft act. b. the authorization. c. the concealment. d. the conversion.