The price of a stock on October 1st is $48. A trader sells a put option contract (comprised of 200 shares) with a strike price of $40 when the option premium is $2/share. The put option is exercised when the stock price is $39. What is the trader’s net profit or loss?

On October 31, 2015, a company signed a note for $50,000 with a bank. The terms were 10% for 9 months. On December 31, 2015, adjusting entries are recorded. What is the correct adjusting entry for this event

Group of answer choices

Debit Interest Expense and credit Interest Payable for $833.33.

. Debit Interest Expense and credit Notes Payable for $833.33.

Debit Interest Payable and credit Interest Expense for $3,750.

Debit Interest Expense and credit Interest Payable for $3,750.

An article in the October 11, 2006, issue of the Washington Post claimed that 15% of high school students used cursive writing on the essay portion of the SAT exam in the academic year 2005-2006 (Pressler, 2006). Suppose you take a random sample from those exams and see what proportion of the sample used cursive writing for the essay. Assume the sample size is 180 do the following:

• A -- Determine what π and N are.
• B -- Describe the sampling distribution.
• C -- Show that the CLT holds.
• D -- What does the CLT say about the sampling distribution?
• E -- What is the probability of obtaining a sample where more than half of the students wrote their essay in cursive?
• F -- What is the probability of obtaining a sample where between 10 and 25% wrote their essay in cursive?
• G -- What is the probability of obtaining a sample where less than 12% of the students wrote their essay in cursive?

The total payroll of Crane Company for the month of October, 2020 was $960000, of which $170000 represented amounts paid in excess of $119500 to certain employees. $604000 represented amounts paid to employees in excess of the $7400 maximum subject to unemployment taxes. $170000 of federal income taxes and $17200 of union dues were withheld. The state unemployment tax is 1%, the federal unemployment tax is .8%, and the current F.I.C.A. tax is 7.65% on an employee’s wages to $119500 and 1.45% in excess of $119500. What amount should Crane record as payroll tax expense?

The company ordered the wine on September 15. It arrived on October 31, and the company made payment on that date. On September 15, Vino Veritas purchased a 45-day call option for 200,000 euros. It properly designated the option as a fair value hedge of a foreign currency firm commitment. The fair value of the firm commitment is measured by referring to changes in the spot rate. Prepare journal entries to account for the foreign currency option, firm commitment, and import purchase. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your present value interest factor to four decimal places. Round your answers to the nearest dollar amount.)

The bank portion of the bank reconciliation for Blossom Company at October 31, 2021, was as follows:

The adjusted cash balance per bank agreed with the cash balance per books at October 31. The November bank statement showed the following:

Additional information from the bank statement:

The cash records per books for November follow. Two errors were made by Blossom Company.

A) Prepare a bank reconciliation at November 30.

B) Prepare the necessary adjusting entries at November 30. (Note: The correction of any errors in the recording of cheques should be made to Accounts Payable. The correction of any errors in the recording of cash receipts should be made to Accounts Receivable.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Sunrise Flowers sells flowers to a customer on credit for $130 on October 18, with a cost of sale to Sunrise of $50. What entry(s) to recognize this sale is (are) required if Sunrise Flowers uses a perpetual inventory system?

Unlike manufacturers and merchandisers, service companies do not incur operating expenses.

TRUE or FALSE and why

The bank portion of the bank reconciliation for Blossom Company at October 31, 2021, was as follows:

The adjusted cash balance per bank agreed with the cash balance per books at October 31. The November bank statement showed the following:

Additional information from the bank statement:

The cash records per books for November follow. Two errors were made by Blossom Company.

1 Prepare a bank reconciliation at November 30. (List items that increase balance as per bank & books first.)

2 Prepare the necessary adjusting entries at November 30. (Note: The correction of any errors in the recording of cheques should be made to Accounts Payable. The correction of any errors in the recording of cash receipts should be made to Accounts Receivable.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Q4. The following data pertains to the month of October for ElmCo.when production was budgeted to be 5,000 units of P90. P90 has standard costs per unit of: 3 lbs. of Direct Materials at a cost of $7.00 per lb.; 0.20 hours of Direct Labor at $18.00 per hour; and Variable Overhead assigned on the basis of 0.05 machine hours at a rate of $50 per machine hour. In October the production of P90 totaled 4,600 units, using 15,100 lbs of material costing a total of $107,778. Determine the direct materials price variance. (Negative numbers indicate a favorable variance.)

Q5. Rocket Plating Company plans to manufacture 130,000 units during the year. Two types of materials are used to make GidgetSpinners: four ounces of Material A, costing $0.30 per ounce and two ounces of Material B, costing $0.40. On January 1, there are 8,000 ounces of Material A and 4,000 ounces of Material B on hand. It is planned to have 10,000 ounces of Material A and 6,000 ounces of Material B in inventory on December 31. What is the budgeted cost of purchasing Material B in the upcoming year?

Q6. Pablo Company has budgeted production for next year as follows: Q1 60,000 units; Q2 80,000 units; Q3 90,000 units; and Q4 70,000 units. Two pounds of material A are required for each unit produced. The company has a policy of maintaining a stock of material A on hand at the end of each quarter equal to 25% of the next quarter's production needs for material A. A total of 30,000 pounds of material A are on hand to start the year. Budgeted purchases of material A for the second quarter would be?