You own two call option contracts on ABC stock with a strike price of $15. When you purchased the contracts the option price was $1.20 and the stock price was $15.90. What is the total intrinsic value of these options if ABC stock is currently selling for $14.50 a share?
A) $280
B) $180
C) $100
D) $0
E) $29
D) $0
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Pestiferous Manufacturing produces a chemical pesticide and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the first department—Mixing—had no beginning inventory. During January, 48,000 fl. oz. of chemicals were started in production. Of these, 40,000 fl. oz. were completed, and 8000 fl. oz. remained in process. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process.
At the end of January, the equivalent unit data for the Mixing Department were as follows:
In addition to the above, the cost per equivalent unit were $1.35 for direct materials and $5.30 for conversion costs. Using this data, calculate the full cost of the ending WIP balance in the Mixing Department. The weighted-average method is used.
A) $43,520
B) $10,800
C) $29,456
D) $64,800
Company ABC is soliciting your advice as a consultant for creation of a new battery of selection methods. They have limited time to make hires for several police officer positions and need only three selection methods. Please provide your choices and explanation of why these tools would be the best fit for hires for this position and what would be your recommendations for in which order these should be presented to applicants?
What will be an ideal response?
In the 1980s, Japanese computer chip manufacturers were accused of dumping in the United States. Explain what this means and discuss why a company would do this.
What will be an ideal response?
A tourist tax that is restricted for use on maintenance projects in the historic downtown district should always be recorded as general revenues in the governmental activities journal.
Answer the following statement true (T) or false (F)