The prices of puts and calls on the same stock move independently of one another
Indicate whether the statement is true or false.
Answer: FALSE
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ServicePro provides two kinds of services. During the most recent accounting period, the two service lines produced the following operating results: Service 1 Service 2Service revenue$80,000 $20,000 Unit-level materials($20,000) ($2,000)Unit-level labor($30,000) ($14,000)Product-level selling & administrative costs($10,000) ($2,500)Company wide facility-level costs($5,000) ($5,000)Net income (loss)$15,000 ($3,500) If the company stops providing Service 2:
A. The company's income will increase by $1,500 per year. B. The company's income will decrease by $3,500 per year. C. The company's income will increase by $3,500 per year. D. The company's income will decrease by $1,500 per year.
The cash balance on June 30 is projected to be $4500. The company has to maintain a minimum cash balance of $5,000 and is authorized to borrow at the end of each month to make up any shortfalls. It may borrow in increments of $5,000 and has to pay interest every month at an annual rate of 4%. All financing transactions are assumed to take place at the end of the month. The loan balance should be repaid in increments of $5,000 whenever there is surplus cash. How much will the company have to borrow at the end of August?
Kennison, Inc. has prepared its third quarter budget and provided the following data:
A) $15,000
B) $5,000
C) $10,000
D) $20,000
The model stock approach determines space needs for each department based on assortment considerations
Indicate whether the statement is true or false
Which of the following is an example of an inappropriate, and potentially illegal, interview question?
A) Are you a U.S. citizen? B) Are you available to work on weekends and holidays? C) Do you have adequate child-care arrangements? D) All of these questions are inappropriate and potentially illegal.