What is the difference between implied volatility and historical volatility?
What will be an ideal response?
The historical figure is calculated using past returns. Implied is an observable figure derived from actual option prices and the Black-Scholes formula.
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On December 1, 2018, a U.S. company sold merchandise to a foreign company for 750,000 yuan. The payment in yuan is due on January 31, 2019. The spot rate was as follows: $0.20 per yuan on December 1, 2018; $0.19 per yuan on December 31, 2018; and $0.21 per yuan on January 31, 2019 when the payment was received. Which of the following incorrectly describes the accounting for this foreign currency transaction?
A. The foreign currency transaction gain included on the income statement for the year ending December 31, 2018 was $7,500. B. The receivable was recorded at $150,000 on December 1, 2018. C. The foreign currency transaction gain included on the income statement for the year ending December 31, 2019 was $15,000. D. The receivable was recorded at $142,500 on the December 31, 2018 balance sheet.
Tamra is getting ready to graduate with a management degree from her university. She is having difficulties deciding what path she should take with the work she will do after graduating. The issue Tamra facing is ______.
A. career placement B. career indecision C. career training D. career decisiveness
A characteristic of rationalized retailing programs is the _____
a. encouragement of manufacturers to finance inventories b. use of low-cost rental locations c. use of used equipment and fixtures d. high degree of centralized management control
Differentiate active voice from passive voice with the help of examples. Which voice often makes writing more effective?
What will be an ideal response?