An American-style call option with six months to maturity has a strike price of $42. The underlying stock now sells for $50. The call premium is $14. What is the intrinsic value of the call?
A. $12
B. $10
C. $8
D. $23
C. $8
50 ? 42 = $8.
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a. Depreciation adjustments are made each period; b. Liabilities are recognized for services received on account; c. Accrual accounting is used for prepaid assets; d. Long-term assets appear on the balance sheet; e. Revenues are recognized when cash is received
The National Tree Company offers resellers half-price reductions on artificial Christmas trees if they purchase them in July. This is an example of a ________
A) functional discount B) seasonal discount C) promotional allowance D) trade-in allowance E) quantity discount
Which of the following statements is true of the Convention on Contracts for the International Sale of Goods (CISG)?
A) Parties to a contract can choose to adhere to all or part of the CISG, or they may select other laws to govern their transactions. B) Traditional contracts on sale of goods are not covered by the CISG. C) The CISG is superseded by the Uniform Commercial Code (UCC) in most states. D) The CISG requires a written contract for a sale of goods of $500 or more.
What is an accusation made by a prosecutor against a criminal defendant that does not involve a grand jury?
a. Information b. Search warrant c. Indictment d. Bill of particulars