Using the synthetic long stock strategy, explain the difference in call and put prices
What will be an ideal response?
The synthetic stock strategy (long call and short put) defers the cash purchase of the stock. The interest on the current stock price for the remaining life of the options equals the difference between calls and puts with identical strikes and maturities.
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Steve is a new employee at Regency Inc. He wants to work for the company, but he has no desire to join the union or even consider the possibility of becoming a member in the future. Which security provision of union membership is most suitable for Steve?
A. a union shop provision, because it helps an employee use indirect influence to affect management-union contracts B. a closed shop provision, because it gives an employee the right to participate in decision making without becoming a member C. a maintenance of membership provision, because it allows employees to join the union as passive members D. a checkoff provision, because it requires all the employees of an organization to join the union, regardless of their preferences E. an agency shop provision, because it requires employees to pay union dues but does not force them to become members
SES Manufacturing has finished production activities for the year. The company allocates manufacturing overhead based on direct labor costs. The company has provided the following information:
Based on the above data, calculate the unadjusted ending balance in the Manufacturing Overhead account.
A) $5040 credit balance
B) $5040 debit balance
C) $8660 credit balance
D) $8660 debit balance
The Taft-Hartley Act (Labor Management Relations Act) of 1947 did all of the following except:
A. Outlawed the use of secondary boycotts. B. Required unions to bargain in good faith with management. C. Gave states the right to pass right-to-work laws. D. Prohibited employers from expressing their views and opinions on unionization.
Flagg records adjusting entries at its December 31 year-end. At December 31, employees had earned $12,000 of unpaid and unrecorded salaries. The next payday is January 3, at which time $30,000 will be paid. Prepare the January 1 journal entry to reverse the effect of the December 31 salary expense accrual.
A. Debit Salaries payable $18,000; credit Cash $18,000. B. Debit Salaries payable $12,000, credit Salaries expense $12,000. C. Debit Salaries expense $12,000; credit Salaries payable $12,000. D. Debit Salaries expense $18,000; credit Salaries payable $18,000. E. Debit Salaries expense $18,000; debit Salaries payable $12,000; credit Cash $30,000.