The names of customers Select distinct FirstName ,LastNamefrom Customer Cjoin Sale S on C.CustomerID = S.CustomerID Join SaleItem SI on S.SaleID = SI.SaleID join Product P on SI.ProductID = P.ProductID join Manufacturer M on P.ManufacturerID = M.ManufacturerID where ListPrice > 60and M.State = 'NJ'.
A customer is an individual or company that purchases goods or services from another company. Customers are very important because they generate revenue. Without them, companies would go bankrupt.
A customer is generally defined as someone who purchases goods, products, or services. More specifically, a customer is a person or company who is currently purchasing, may have purchased, or be interested in products or services from another person or company.
A customer need is a need that motivates a customer to purchase a product or service. The need may or may not be known (that is, the customer can verbalize it) and is an important factor in deciding which solution the customer will purchase.
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in order to achieve higher quality cost information from the assignment of overhead costs to products manufactured, the use of a predetermined overhead rate is being replaced by
Job order costing is used to achieve higher quality cost information from the assignment of overhead costs to products manufactured. Job order costing replaced the use of a predetermined overhead rate.
In business, job costing generally can be described as an accounting which tracks the costs and revenues by "job" and enables standardized reporting of profitability by job. Job costing must allow job numbers to be assigned to individual items of revenues and expenses for an accounting system to support job costing. There are several aspect of job order costing, such as direct labor, direct materials, and overhead to each production unit.
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as a marketing manager of kids care, a manufacturer of baby soaps, mateo plans to analyze customer attitudes by using the focus group research approach. how might he conduct the research in this case?
Student answers vary. Eight new moms were selected to represent the users to be reached. Also, appoint an experienced facilitator to ensure everyone is on board and the conversation is on track. Discussions will be recorded for further consideration.
What does "case study" actually mean?A case study is a type of research methodology that brings a complex problem to a comprehensive and comprehensive understanding in its real context. It is a well-known research technique that is widely used in many different fields, especially in the social sciences.
Case studies, for example, include analysis of small data sets from, say, one or two organizations. This may allow researchers to identify important industry trends. For example, the Mitsubishi Motors Group case study can be used to draw conclusions about other automobile companies.
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trucking companies that are concerned with the environment look for ways to increase fuel efficiency. this not only saves the company money, but it also decreases the environmental impact every time a truck makes a delivery. this is an example of the - environmental marketing strategy
Trucking comp-anies that are concerned with the environ-ment look for ways to in-crease fuel efficiency. This not only saves the comp-any money, but it also decr-eases the environ-mental impact every time a truck ma-kes a delivery. this is an example of the - eco efficiency.
What is eco efficiency?Eco efficiency is a key con-cept for companies to reach a more sustainable develop-ment, considering not only the add-ed value as-pect of its activities but also the environ-mental impacts.
Eco-efficiency is a manage-ment strategy of doing mo-re with less. It is based on the con-cept of creating more go-ods and services while using few-er resources and crea-ting less waste and pollution.
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The toxicity that was reported to exist at the management level within uber made rachel whetstone’s job of communicating to others more difficult because it acted as.
It acted as Noise, the toxicity that was reported to exist at the management level of Uber made it harder for Rachel Whetstone to communicate with other people.
It's psychological noise, and it's hard to get away from it when you know it exists in the organization, causing people to lose focus at work and not work well with others.
What is the meaning of psychological noise?
Psychological noise is caused by internal thoughts of the receiver that interrupt the speaker's message. For instance, it can be challenging to fully concentrate on comprehending a message when you are preoccupied with personal issues.
Psychological noise is caused by internal thoughts of the receiver that interrupt the speaker's message. For instance, it can be challenging to fully concentrate on comprehending a message when you are preoccupied with personal issues.
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jerry is interested in purchasing a lot for new construction in a new subdivision. the commissioner has issued a preliminary public report in this case, allowing the subdivider to take reservations for lot purchases. does jerry have any recourse to change his mind?
Jerry may change his mind about the lot he has reserved. He is not committed simply because of the reservation. He may legally back out and receive a full refund, up until the time the final report is issued.
What kind of benefits does jerry see in reservation?The preliminary public report often referred to as the Pink report, is a term that describes a form of the public report, in which an individual or a developer is allowed to perform advertisements and take reservation deposit monies for purpose of sale or lease of lots, parcels or units within the subdivision.
These reservation deposits taken by a developer under a Preliminary Public Report are fully refundable.
Hence, Jerry may decide to change his mind about the lot he has reserved. Because, accordingly, he is not committed simply because of the reservation. Thus, he may legally back out and receive a full refund, up until the time the final report is issued.
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in a market system, which of the following will eliminate high-cost producers and allow only the low-cost producers to survive?
In a market system, of the following will eliminate high-cost producers and allow only the low-cost producers to survive competition.
What principal mechanism controls the functioning of the market system?The market system's regulation mechanism is competition.
Which qualifies as a market system characteristic?The role of a limited government is one of the most crucial elements of a market economy, also known as a free enterprise economy. Instead of the government, buyers and sellers make the majority of economic decisions. A market economy that is competitive encourages resource management that is effective.
Why are businesses driven to reduce production costs?Because of the threat of higher-cost producers being driven out of the market by competition, businesses are driven to reduce production costs. Employees and suppliers are typically protected against danger under a market system, but at the expense of not sharing in the company's earnings.
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austin and erin are willing to pay $10 and $9, respectively, for a ticket to a screening of a new movie. what is the total consumer surplus for both austin and erin if the market price of a ticket is $6?
The answer for the given question is austin and erin if the market price of a ticket is is $7.
Consumer surplus:
In terms of economics, the consumer surplus and producer surplus are added up to determine the ecosystem's overall surplus. The amount that customers are prepared to spend beyond the market price is known as the consumer surplus.
A financial estimation of the advantages that consumers gain through market competition is known as consumer surplus. When customers pay less for a good or service than they would be willing to, this is known as consumer surplus. It gauges the added value that consumers receive when they pay less for something they would have been willing to.
Consumer surplus occurs when consumers pay less for a commodity or service than they'd be willing to. Consumer surplus is based on the economic idea of marginal utility, which is the extra pleasure a consumer gets from buying one more unit of a good or service.
The overall consumer surplus as calculated is $7.
Given are the overall consumer surpluses:
= Consumer surplus for Austin + consumer surplus for Erin
= (Willingness to pay for Austin - market price) + (willingness to pay for Erin - market price)
= ($10−$6)+($9−$6)
= $4+$3
= $7
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a cash outlay that was incurred in the past and cannot be recovered in the future regardless of whether the proposed project is accepted or not is known as a
Money that has already been spent and cannot be recouped is known as a sunk cost. The sunk cost phenomenon in business is an example of the notion that one must "spend money to make money."
Sunk costs are distinct from potential expenses that a company may incur in the future, such as choices regarding the price of products or the cost of purchasing inventory. Sunk costs are not considered in future business decisions since they will not change regardless of the outcome. An unrecoverable expense that has already been made is referred to as a sunk cost.
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if the economy is growing, firms with low operating leverage will experience . a. higher increases in profits than firms with high operating leverage b. similar increases in profits as firms with high operating leverage c. smaller increases in profits than firms with high operating leverage d. no change in profits e. none of the above
If the economy is growing, firms with low operating leverage will experience higher increases in profits than firms with high operating leverage.
A company's operating leverage ratio expresses its fixed costs as a share of its overall expenses. It is employed to assess a company's breakeven point as well as the likely profit margins on individual sales. The two following scenarios show a company with high operating leverage and a company with low operating leverage.
A region's economy is its capacity for the creation, exchange, and consumption of goods and services. Generally speaking, it is described as a social domain that places an emphasis on the practices, discourses, and material manifestations connected to the production, use, and management of scarce resources. Individuals, companies and organisations all qualify as economy agents. Production, which uses natural resources, labor, and capital, is what drives economic activity.
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when an entrepreneur is considering an opportunity and realizes that there exists a combination of low barriers to entry, few opportunities for differentiation, and a lack of sustainable advantage, this is an example of
An entrepreneur is considering an opportunity and realizes that there exists a combination of low barriers to entry, few opportunities for differentiation, and a lack of sustainable advantage, this is an example of Me-too trap.
A bonus that lets in an enterprise to be greater a hit than its competition over a protracted length of time: Companies now apprehend that proper human sources are as critical as merchandise in constructing a sustainable aggressive advantage. Non-Sustainable. Advantage that your opposition ought to eliminate from you that allows you to shift income of their favor. Promotion. Most possibly to consider one logo earlier than the other (i.e. Sales, contest) Placement.
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when an investor is looking for large and growing markets with the opportunity to build a large company, the domain they are focusing their attention on is select one: a. macro market b. micro market c. macro industry d. micro industry
The domain they are focusing their attention on macro industry. Any macro-level decision is one that does not deal with the micro-level decisions of management structures and product management.
External influences and the issues they cause are more of a focus for macro-level issues. A company's strategic management includes macro environment analysis, which enables it to domain and identify prospective possibilities and risks that could have an impact on the firm. The objective is to provide management with information that will help them make operational decisions in advance. Trade, industrial organisation and market structure, labour economics, public finance, and welfare economics are all areas where microeconomics is used.
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diminishing returns jesaki inc estimates that it will sell units of product after spending $ thousand on advertising, as given by 0.41 50 1,097 163,906. what is the point of diminishing returns? round to the nearest dollar. $
If one input in the production of a good is increased while all other inputs are held constant, a point will eventually be reached where more additions of the input result in increasingly smaller, or diminishing, increases in output. The law of diminishing returns or the diminishing marginal productivity principle are two names for this economic principle.
What is Diminishing return:
Even though the law of diminishing returns has its roots in traditional economic theory, it is one of the most well-known economic ideas outside of the classroom. The law is applicable in numerous different real-world scenarios that go beyond production and manufacturing into areas like marketing and customer relations, however some of the most prevalent examples pertain to farming.
When one production element is increased incrementally while keeping the amount of all other production factors constant, the marginal output of the manufacturing process decreases. In economics, this phenomenon is referred to as diminishing returns.
According to this law, an increase in the quantity of a certain component made by a single manufacturer would lead to a drop in gross profit efficiency.
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the dominant factor in choosing a subchapter s corporation as a form of doing business instead of a regular corporation continuity. transferability of owners interest. liability. management control. none of the above.
Option 2. The dominant factor in choosing a subchapter s corporation as a form of doing business instead of a regular corporation continuity is liability
What is the subchapter s corporation?S corporations, often known as subchapter S corporations, are taxed on a "flow-through" basis. This implies that tax obligations from income (or deductions from losses) are transferred to the shareholders of the corporations for individual declaration.
For the purposes of federal taxation, S companies are businesses that choose to pass through to their shareholders corporate income, losses, deductions, and credits.
Regardless of its tax status, a S corporation offers owners limited liability protection, which is a significant benefit. Limited liability protection protects the owners' personal assets from the demands of the company's creditors,
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________ is the process of assigning managerial authority and responsibility to lower-level managers and employees.
Delegation or delegation of authority is the process of assigning managerial authority and responsibility to lower-level managers and employees.
Delegation of authority, or delegation in short, is the division of labor and responsibility to someone that reports to a leader or manager. It is the organizational way for a manager to divide their own work among all their people. There are three central elements in a delegation of authority:
Authority, which is the power and right to use and allocate resources.Responsibility, which is the scope to complete the task they're assigned for.Accountability, which is being answerable for the end result.Learn more about delegation of authority https://brainly.com/question/28620005
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explain the difference between a free good and an economic good
Answer:n economic good is a good or service that has a benefit (utility) to society. Also, economic goods have a degree of scarcity and therefore an opportunity cost. This is in contrast to a free good (like air, sea, water) where there is no opportunity cost – but abundance.
Explanation: Hope this helps example of economic good "Goods are divided as free goods and economic goods. Free goods are those goods which are free of cost and economic goods are available for a particular price. Among the given options, sunshine, rainfall and air are examples of free goods and a bottle of water is an example of economic good."
Examples of free goods are ideas and works that are reproducible at zero cost, or almost zero cost. For example, if someone invents a new device, many people could copy this invention, with no danger of this "resource" running out. Other examples include computer programs and web pages.
millie and jerry are purchasing a home using their va loan benefit. the sales price is $320,000, with 100% financing. assuming that jerry has a typical level of entitlement, how much of their loan does the va guarantee?
Millie and Jerry's loan is guaranteed for one-fourth of $320,000, or $80,000, because the VA guarantees up to $104,250 of the total loan amount.
With the help of their VA loan, Millie and Jerry are purchasing a house.
How is the interest rate for all VA-insured loans determined?
The interest rate on all loans insured by the VA is set by the lender and the VA. The loan amount may include the VA funding fee. For a veteran to find out how much the VA will guarantee in a given circumstance, they must apply for a Certificate of Eligibility. The interest rate on all loans insured by the VA is set by the lender and the VA.
What is the VA loan qualifying ratio?
On VA loans, there is typically no minimum reserve requirement.The qualifying debt ratio for the VA is 35:41.Within the 1% flat fee allowed by the VA, the lender is obligated to cover all of the lender's costs and services that are not reimbursable.
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The manager of a 150-unit apartment complex knows from experience that all units will be occupied if the rent is $1000 per month. A market survey suggests that, on average, one additional unit will remain vacant for each $20 increase in rent. What rent should the manager charge to maximize revenue?.
The rent that the manager should charge to maximize revenue will be $2,000.
In business, a rent is known as the cost incurred by a business to utilize a property or location for an office, retail space, factory, or storage space.
Initially, to find revenue by coming up we can calculate with an equation below:
Revenue = Price × Revenue
Where, price = 1000 + 20x
Quantity = 150 - x
R(x) = (1000+20x) (150-x)
R(x) = 150000 - 1000x + 3000x - 20x²
R(x) = - 20x² + 2000x + 150000
To maximize the revenue, we calculate the derivative and set it to zero:
R(x) = - 20x² + 2000x + 150000
R(x) = -40x + 2000
-40x + 2000 = 0
40x = 2000
x = 50
After we find the amount of X, thus we determine the rent that the manager should charge to maximize revenue
Price=$1000+20x
Price=$1000+20(50)
Price=$1,000 + 1,000
Price = $2,000
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those who disclaim liability and are not secondarily liable on instruments they endorse are referred to as . group of answer choices unqualified indorsers accommodation parties qualified indorsers agents
Unqualified indorsers are those who disclaim liability and are not secondarily liable for the instruments they endorse.
Unqualified is an American advice podcast hosted by actress Anna Faris that features interviews with celebrities and cultural figures, followed by personal phone calls from listeners seeking relationship and other advice. Until 2019, it was co-hosted by Faris' producer Sim Sarna. Faris released a memoir with the same title as the podcast in 2017.
The second half of the show had Faris and former producer Sim Sarna, as well as the guest, making a phone call to a listener who is having a romantic or personal problem and wants "unqualified" counsel. Since her departure, this segment has been mostly carried out by Anna and guests.
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you play a gambling game with your friend in which you win 45% of the time and lose 55% of the time. when you lose, you lose $2. what profit should you earn when you win in order for the game to be fair?
If we assume the game is fair,
Expected way of losing = Expected way of gaining.
55% ($2) = 45% ($x)1.1 = 0.45x1.1 / 0.45 = x x = $ 2.4$ 2.4 profit should you earn when you win in order for the game to be fair.
What is profit and loss?
Profit and Loss calculations are used i to determine the price of a commodity in the mark,
Profit = The amount gained by selling a product for more than its cost price. Profit = Selling price – Cost Price
Profit percentage (P%) = (Profit /Cost Price) x 100
Loss =The amount the seller incurs after selling the product less than its cost price is mentioned as a loss.et and understand how profitable a business is. Loss = Cost Price – Selling Price
Loss percentage (L%) = (Loss / Cost price) x 100
Hence, $ 2.4 profit should you earn when you win in order for the game to be fair.
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the pbo was $100 million at the beginning of the year. service cost for the year was $12 million. at the end of the year, pension benefits paid by the trustee were $8 million and there were no pension-related oci account. the actuary's discount rate was 5%. what was the amount fo the pbo at the end of the year? (enter your answer in million, round to the nearest million, without dollar sign, ex. 123 or -123).
Other comprehensive profits consists of revenues, expenses, gains, and losses that, according to the GAAP and IFRS standards, are excluded from net income on the earnings statement.
Revenues, expenses, gains, and losses that are pronounced as different comprehensive profits are amounts that have no longer been realized yet.
What is the motive of OCI?OCI is Overseas Citizenship of India. It is an immigration reputation authorising a overseas citizen of Indian starting place to live and work in India for an indefinite period. The OCI card was once launched through the Government of India to meet the needs of the Indians residing overseas who insisted on twin citizenship.
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https://brainly.com/question/26240841#SPJ4a long year-end status report for work is 164 pages long. you need to print 15 copies for a meeting next week. how much is the paper going to cost for those reports? paper is sold in reams (500 pages) for $3.78 each.
The paper will cost $18.9 for printing the reports
Any expenses you incur because of your printer are considered printing costs. This includes the price of your printers, the price of your ink and paper for printing, as well as the price of other printer supplies.
Number of pages in the long year-end report = 164 pages
Number of copies required = 15 copies
Total pages required to be printed = 164*15 = 2460 pages
Cost of a ream of 500 pages = $3.78
So, for 2460 we will require = 2460/500 = 4.92 or 5 reams of paper
Cost of printing the report= 5*3.78 = $18.9
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how much will you accumulate if you deposit $100 each month for 10 years into an account earning 3.6% apr?
You will accumulate $12432 after 10 years into a account earning 3.6% APR.
What is APR?The term annual percentage rate of charge refers to the interest rate for an entire year rather than just a monthly fee or rate as applied on a loan, home loan, credit card, etc. It can also be referred to as a nominal APR or an effective APR. It is an annual rate of a finance charge. The cost of borrowing money each year, including fees, is stated as an annual percentage rate (APR). The best credit card APR is one that is around 10%, but you might need to visit your neighbourhood bank or credit union to discover one. An APR that is lower than the average would also be regarded
Hence, You will accumulate $12432 after 10 years into a account earning 3.6% APR.
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transaction exposure is defined as group of answer choices the sensitivity of realized domestic currency values of the firm's contractual cash flows denominated in foreign currencies to unexpected exchange rate changes. the extent to which the value of the firm would be affected by unanticipated changes in exchange rate. the potential that the firm's consolidated financial statement can be affected by changes in exchange rates. ex post and ex ante currency exposures.
Transaction exposure is defined as the sensitivity of realized domestic currency values of the firm's contractual cash flows denominated in foreign currencies to unexpected exchange rate changes.
Transaction exposure is a type of risk faced due to exchange rate fluctuations by companies involved in trade with other countries. The exchange rate between currencies of two countries should be equal to the ratio of the countries' price levels and as the purchasing power of a currency sharply declines (due to hyperinflation) that currency will depreciate against currencies that didn't show any kind of fluctuation. If an exporter faced with exposure to a depreciating currency pays late and collects early, then in both cases he will earn profit. In an appreciating currency, he should pay early and collect late.
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in fighting ambushing marketing, who should be responsible, the host venue or organizer or the sponsoring brands?
During the most recent soccer tournament made headlines. This note defines ambush marketing, details how businesses can breaking ambush marketing regulations developing marketing strategies.
Ambush advertising occurs when an organization that isn't a political tournament candidate sponsors an event (like a sporting competition or music ambush marketing festival) and engages in promotional activities in an effort to establish an association with the event or to take advantage of the event's profile without the owner's consent.
For instance, if a retailer of consumer goods on the high street published an advertisement for "World Cup WAG handbags" or "Olympic Special ambush marketing Offer: two for one sports gear," readers might assume that the company has some connection to the world Cup or the Olympics.
Because they must protect the value of their own commercial rights in tournament the event and because they may have chosen official sponsors (possibly direct competitors of the advertiser) who have paid significant sums for the exclusive rights to be formally associated with the event, event owners frequently respond angrily to ambush advertising.
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which of the following situations could be considered examples of price gouging? a. a deadly tornado strikes oklahoma city, destroying the homes of 50% of its population. immediately afterward the price of sleeping bags increases by 150%. b. the exchange rate between u.s. dollars and the papua new guinea kina increases sharply as the summer olympics in paris, france, approach. c. a new model of sunglasses become the hottest overnight fashion trend after several movie stars wear them to the academy awards. as a result, producers increase their price by 300%. d. at what level would you expect prices to settle during a period of price gouging? the price would settle the pre-gouging market price.
A deadly tornado strikes Oklahoma city, destroying the homes of 50% of its population. Immediately afterward the price of sleeping bags increases by 150%. Above the pre-gouging market price, price gouging is in response to crisis or disaster.
Tornado is a rotating column of air extending from the base of a thunderstorm down to the ground. Tornadoes are capable of completely destroying structures, uprooting trees, and hurling objects through the air like deadly missiles.
What is the fact about tornadoes?
Quick Tornado Fact
The strongest tornadoes are having rotating winds of more than 250 mph.
What can stop a tornado?
It is not possible to stop a tornado. Tornadoes are nature's most powerful force. They contain 6 times the energy density of a hurricane.
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according to the bcg matrix, business divisions that are in a high market share, high growth quadrant are called .
According to the BCG matrix, business divisions that are in a high market share, high growth quadrant are called Star.
The BCG matrix is a framework for assessing the relative attractiveness of different businesses or products within a company's portfolio. It is a tool for managing a company's portfolio of products and businesses, and for identifying and prioritizing opportunities for growth.
The BCG matrix is a helpful tool for managing a business portfolio of products and companies, and for identifying and prioritizing opportunities for growth.
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advertising, sales promotion, and public relations are often said to use blank selling because they are used with groups of prospective buyers. multiple choice question. customized integrated mass direct
Simply put, advertising is handling worthwhile relationships, via way of means of attracting new clients via way of means of superior fee and retaining present day clients via way of means of turning in pride. so correct options are customized, integrated and mass.
Marketing must be understood withinside the experience of enjoyable purchaser desires. Marketing may be described as the procedure via way of means of which corporations create fee for clients and construct strong purchaser relationships to seize fee from clients in return. A 5-step version of the advertising procedure will offer the shape. There are 5 distinctive middle purchaser and market concepts. Customer desires, needs and demands. Human desires are states of felt deprivation and may include bodily, social and character desires.
Market services are a combinations of products, offerings and stories presented to a marketplace to meet a want or want. These may be bodily products, however additionally offerings – sports which can be basically intangible. The phenomenon of advertising myopia is paying greater interest to enterprise products, than to the underlying desires of clients. Value and pride are key constructing blocks for purchaser relationships. Exchanges are the acts of obtaining a favored item shape a person via way of means of providing some thing in return. Marketing includes moves looking to construct an trade dating with an audience. A marketplace is the set of all real and capability shoppers of a product or service.
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what is the number, n, of periods? at the beginning of each quarter, a 50-year-old woman whose birthday is march 1st, deposits $1200 in a retirement account that pays 6% interest, compounded quarterly. how much is in the account when the woman turns 65 years old?
According to the given information, the amount in the account when the woman turns 65 years old = $ 114,358
Considering that the woman deposits $1200 at the start of each quarter and that her birthday is on March 1st, the first deposit will be made on April 1st of her 50th year.
We must determine how much money will be in the account on the woman's 65th birthday, which is on March 1.
We won't finish the last quarter.
In order to calculate the interest through December 31 of the previous year's quarter,
So there will be total of (14 x4) +3 = 56 +3 = 59 quarter periods
[tex]FV = P[\frac{(1+i)^n-1}{i} ](1+i)\\Here P = 1200 dollars; i = \frac{0.06}{4} = 0.015 and n= 59\\Therefore, PV = 1200[\frac{(1+0.015)^5^9-1}{0.015}](1+0.015) = 114257.58[/tex]
So, the amount in the account when the woman turns 65 years old = $ 114,358.
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five years ago you took out a 30-year mortgage with an apr of 4.15% for $350,000. if you were to refinance the mortgage today for 15 years at an apr of 3.45%, how much would your monthly payment change by? group of answer choices
Five years ago you took out a 30-year mortgage with an apr of 4.15% for $350,000. if you were to refinance the mortgage today for 15 years at an apr of 3.45%, The monthly payment will decrease by $104.79.
Refinancing occurs when the conditions of an existing loan are met, such as: B. Interest Rates, Payment Schedules, or Other Terms. Borrowers tend to refinance when interest rates fall. Refinancing involves reassessing a person's or business' credit and repayment status.
Refinancing is when a homeowner gets a new mortgage to replace their current mortgage. A new loan is meant to save you money or achieve another financial goal. For example, most people refinance to lower interest rates and pay less on their mortgage, often saving thousands of dollars in interest on their mortgage.
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is 12b-item7 10 points ebookprintreferencescheck my workcheck my work button is now enableditem 7 the common stock of the p.u.t.t. corporation has been trading in a narrow price range for the past month, and you are convinced it is going to break far out of that range in the next 3 months. you do not know whether it will go up or down, however. the current price of the stock is $85 per share, and the price of a 3-month call option at an exercise price of $85 is $8.00. a. if the risk-free interest rate is 9% per year, what must be the price of a 3-month put option on p.u.t.t. stock at an exercise price of $85? (the stock pays no dividends.)
The price of a 3 month put option stock will be $6.19.
The difference between the price at which we can sell the underlying asset to the writer and the price at which the asset can be sold/bought in the market is the value of a put option.
Calculation for the price of a 3-month put option on P.U.T.T. stock
Using this formula
P = C-S+[X/(1+r)T]
Where,
C represent call option price =$ 8
S represent stock price = $85
X represent exercise price =$85
T represent time period of put option =3 or 1/4months
R represent risk free return = 9%
P = C-S+[X/(1+r)T]
P = 8-85+[85/(1+0.9)1/4]
P = 8-85+[85/(1.9)1/4]
P = $6.19
Therefore the price of a 3 month put option stock will be $6.19
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