Current Attempt in Progress
Bonita, Inc. reported net income of $2.25 million in 2022. Depreciation for the year was $144,000, accounts receivable decreased $315,000, and accounts payable decreased $252,000.
Compute net cash provided by operating activities using the indirect method.
The indirect method, in its broadest sense, refers to a method of calculating cash flow that relies on transactions to identify payments and expenses rather than cash on hand. Hence
What is Indirect Cash flow ?The indirect technique calculates how much money a business earned or spent during a specific time period from numerous sources.
Using the indirect approach, net income (also known as net profit) at the end of the reporting period is used to compute cash flow.
Then, using information from the balance sheet, you modify this net income amount and eliminate the impact of non-cash transactions that are displayed on the profit and loss statement.
Hence Amount ($) in million
Net Income 2250
(+) Depriciation 144
(+) Account Receivable 315
(-) Account Payable (252)
$ 2,457
Hence Net Cash from operating Activity will be $ 2.457 million
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Match the terms to their definition.
1. 529 plan
2. savings bond
3. termi
4. treasury bills
5. Treasury Inflation-Protected Securities
6. treasury notes
7. U.S. Department of Treasury
T-bills; a savings product sold by
the US Treasury department at a
discount from their face value and range
in terms from a few days to six months
a savings product that pays interest
twice per year and provides protection
against inflation
T-notes; a savings product that
pays interest every six months and is
issued in terms of two, three, five, and
ten years
an executive department of the
United States government whose
purpose is to manage the government's
money
a set period of time
a savings product or certificate
issued by the U.S. government with
values ranging from $50 to $10,000
a saving plan for education
designed to help set aside funds to pay
for future college costs
1. 529 plan- a saving plan for education designed to help set aside funds to pay for future college costs.
2. Savings bond- a savings product or certificate issued by the U.S. government with values ranging from $50 to $10,000.
4. Treasury bills- Treasury bills are short-term savings products that are sold by the Treasury department at a discount from their face value.
5. Treasury Inflation-Protected Securities- a savings product that pays interesttwice per year and provides protection against inflation.
6. Treasury notes- a savings product that pays interest every six months and is issued in terms of two, three, five, anN ten years.
7.U.S. Department of Treasury- an executive department of the United States government whose purpose is to manage the government's .money
The U.S. Department of Treasury is an executive department of the United States government that manages the government's money. It is responsible for a variety of financial functions, including collecting taxes, managing the federal budget, and printing and minting money. One of the ways that the Treasury department raises money is by issuing various savings products, including savings bonds, Treasury bills, Treasury notes, and Treasury Inflation-Protected Securities (TIPS).
Savings bonds are certificates issued by the U.S. government that range in value from $50 to $10,000. They pay interest twice per year and are a safe, low-risk investment option. Treasury bills are short-term savings products that are sold by the Treasury department at a discount from their face value. They have terms ranging from a few days to six months and are also considered a low-risk investment option. Treasury notes are longer-term savings products that pay interest every six months and are issued in terms of two, three, five, and ten years. They are also considered a low-risk investment option.
Finally, Treasury Inflation-Protected Securities (TIPS) are a type of savings product that provides protection against inflation. They pay interest twice per year and the principal value of the investment is adjusted based on changes in the Consumer Price Index (CPI). TIPS are a good option for investors who are concerned about the impact of inflation on their investments.
One additional savings option offered by the Treasury department is the 529 plan, which is a saving plan for education designed to help set aside funds to pay for future college costs. These plans are administered by state agencies and are named after Section 529 of the Internal Revenue Code. The plans offer tax advantages to help encourage families to save for education expenses.
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Evan is transferring his credit card balance from one card to another. What is the most important factor that Evan should consider when selecting a new
credit card?
APR
over the limittee
late fee
credit limit
Answer:
APR
Explanation:
APR stands for annual percentage rate, which is the rate of interest that will be applied to the purchases Evan makes on his card. You typically want a card with a low APR rate.
Which secondary effect of advertising refers to a change in the customer’s opinion of the product over a period of time?
The master budget of Sheffield Corp. shows that the planned activity level for next year is expected to be 50000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: Indirect labor$730000 Machine supplies200000 Indirect materials220000 Depreciation on factory building120000 Total manufacturing overhead $1270000 A flexible budget for a level of activity of 60000 machine hours would show total manufacturing overhead costs of
Answer:
Total overhead= $1,500,000
Explanation:
Giving the following information:
First, we need to separate the variable overhead and the fixed overhead:
Variable overhead:
Indirect labor 730,000
Machine supplies 200,000
Indirect materials 220,000
Total variable overhead= $1,150,000
Fixed overhead:
Depreciation on factory building $120,000
Now, we need to calculate the unitary variable overhead:
unitary variable overhead= 1,150,000/50,000= $23
Finally, the total overhead for 60,000 units:
Total overhead= 23*60,000 + 120,000
Total overhead= $1,500,000
Select the correct text in the passage.
Read the following paragraph and determine which components highlight the purpose of personal protective equipment.
The food service manager of the restaurant San Lucas requests permission from the owner to buy personal protective equipment for some of the
kitchen staff. The owner comments that it is a good idea. She thinks that personal protective equipment would help the kitchen staff feel happier at
work. The staff would also look more professional when working in the open kitchen. The food service manager added that the personal protective
equipment would keep the employees safer, especially when working with extreme temperature items. He also informed the owner that the equipment
would allow the restaurant to comply with the latest government regulations on food service operations.
Reset
Next
The purpose of personal protective equipmentis that the personal protective equipment would keep the employees safer, especially when working with extreme temperature items.
What is personal protective equipment?Personal protective equipment can be described as the meausres that can help to prevent the employee from danger in broader sense oit can be described as the items such as gloves, safety glasses and shoes, earplugs or muffs, hard hats, as well as full body suits that can be used to ensure proper safety with theuse of personal protective equipment.
In conclusion, from the paragraph it can be seen that purpose of personal protective equipment is one that would keep the employees safer, especially when working with extreme temperature items which is the components that highlight the purpose of personal protective equipment.
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FRY-9C, FRY-14M, FRY-14Q, FRY-2052a, FP&A, CRR
What are these terms exactly mean? How do they work in business? What each term do?
The terms mentioned above are used in economics and have to do with finance.
What are FRY-9C, FRY-14M, and FRY-14Q?In order to keep an eye on financial institutions in between on-site inspections, the FR Y-9C is the main analytical tool employed. The form, which is the most frequently requested and scrutinized report at the holding company level, contains more schedules than any other report in the FR Y-9 series.
The FR Y-14M report gathers monthly in-depth information on the loan portfolios of bank holding companies (BHCs), savings and loan holding companies (SLHCs), and intermediate holding companies (IHCs). Three loan- and portfolio-level collections, as well as one in-depth address matching collection, make up the report.
On a quarterly basis, the FR Y-14Q compiles comprehensive information on the various asset classes, capital components, and pre-provision net revenue (PPNR) categories of the bank holding companies (BHC), savings and loan holding companies (SLHCs), and intermediate holding companies (IHC).
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According to the interactionist view of managing conflict, conflict is
Group of answer choices
a result of dysfunctional managerial behavior and therefore should be stopped at the source.
a natural part of human existence and should be accepted as a normal part of relationships.
inevitable, but maintaining a degree of tension can actually be helpful in keeping a group energized and creative.
always bad and should be avoided at all costs.
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a natural part of human existence and should be accepted as a normal part of relationships.
What is managing conflict?Managing conflict is a process of identifying and addressing disagreements between two or more parties in a professional and respectful manner. It involves communication, negotiation, and problem-solving in order to create a mutually beneficial outcome.It is important to manage conflicts in a timely manner to prevent them from escalating and to identify any underlying causes. Listening to the other parties involved and understanding their needs and perspectives is essential for successful conflict management. Additionally, having a clear plan for resolving the conflict is important for avoiding further issues. Functions of managing conflict include creating a safe space for all parties to express their views, setting ground rules for communication, and creating an agreement that all parties can accept.To learn more about conflict refer to:
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You are designing a slide with lettered labels pointing to parts of a diagram. What feature should you use if you do not want the name of each part to appear until you press a button on the keyboard?
hotspot
Animation Painter
Animation
Format Painter
Answer:
C. Animation
Explanation:
Edge
1. Costs and benefits aren't always measured in dollars and cents. Assume
your gym teacher just told you to "drop and give me 20!" You have already
completed one set of 20 pushups. What non-money costs might you
experience if you give the gym teacher what she wants and do another set of
pushups? Answer this question in the form of one or more complete
sentences.
Answer:
The non-monetary costs you might experience are the calories, time, and the energy that you will burn by doing additional 20 pushups.
Explanation:
As for the benefits, you will lose some calories and gain better physique, strengthening your core. The benefits will certainly outweigh the costs, unless the person drops dead while doing the second act, but your gym teacher should know better. Another point is that not all costs and benefits can be quantified in monetary terms, or "measured in dollars and cents," which the above example has adequately illustrated.
Which of the following might be a duty of a noninstructional aide?
A. Grade homework
B. Teach calligraphy
C. Tutor a child
D. Accompany a child to and from the lavatory
Tutor a child might be a duty of a non instructional aide. The Non-Instructional Aide supports the administration and instructors duty in maintaining a secure and disciplined learning environment and enforcing school rules.
Respects non instructional information about children, employees, and other administrative issues impacting the district with absolute secrecy. helps the teacher prepare and be ready for each day's activities; duty supports the teacher's efforts in the classroom. helps the teacher create lesson plans, curriculum, and lesson outlines in the designated topics. A person who assists a teacher in a classroom but is not a certified teacher is known as a teacher's aide.
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Do the balance sheet in sheet and share the link
A firm's balance sheet shows the state of its affairs and financial position at a point in time by giving a snapshot of its assets, liabilities, and equity.
According to the accounting equation, the sum of liabilities and equity gives the total assets, in this case, the equity amount is missing, as a result, we can rearrange the equation to solve for equity
total assets=total liabilities+ equity
equity=total assets-total liabilities
Find attached balance sheet in excel form as well as the formula sheet.
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Your friend Stan owns a coffee shop in a monopolistically competitive industry. One day, Stan tells you (an economist) that he is earning an economic profit and is setting his price equal to his marginal cost. Is Stan producing the profit-maximizing amount of coffee? What should he do?
In a monopolistically competitive industry, each firm has some control over the price it sets due to product differentiation.
Stan mentioned that he is earning an economic profit and setting his price equal to his marginal cost. To determine whether he is producing the profit-maximizing amount of coffee, we need to consider a few factors.
1. First, let's understand the relationship between price, marginal cost, and profit maximization. In a competitive market, profit maximization occurs where marginal cost equals marginal revenue. However, in monopolistic competition, firms have some market power, so the profit-maximizing quantity occurs where marginal cost equals marginal revenue, not price.
2. Setting the price equal to marginal cost does not necessarily guarantee profit maximization. If Stan's price is equal to marginal cost, it means that he is covering his variable costs, but it does not take into account his fixed costs. To maximize profit, Stan should set his price above marginal cost, considering both variable and fixed costs.
3. If Stan is currently earning an economic profit, it suggests that he may not be producing the profit-maximizing amount of coffee. In monopolistic competition, firms tend to have excess capacity, meaning they produce less than the quantity that would minimize average total cost. By increasing his output, Stan may be able to reduce his costs and increase his profit.
Considering these factors, here are a few suggestions for Stan:
- Conduct a cost analysis: Stan should evaluate his fixed and variable costs to understand the full picture of his expenses. By knowing his costs, he can set a more informed price and determine the profit-maximizing quantity.
- Consider demand elasticity: Stan should also assess the price elasticity of demand for his coffee. If demand is relatively elastic, a small price increase may result in a significant decrease in quantity demanded, potentially reducing his profits. On the other hand, if demand is inelastic, Stan may be able to increase his price without a significant drop in sales.
- Experiment with pricing: Stan could consider experimenting with different prices to find the optimal point that maximizes his profit. By monitoring customer response to different prices, he can identify the price that generates the most revenue while covering his costs.
By taking these steps and considering the unique characteristics of monopolistic competition, Stan can better position his coffee shop for long-term success and profitability.
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Apply the principals you learned about the 5 Cs to this situation. How did this improve McDonald's business. Is there a way for you to apply this in your own business or job?
Click on the link below:
McDonald's Gets It Right Links to an external site.
Main, K.(n.d.) A customer found a short note with their McDonald's delivery. It's a master class in marketing: The simple thing the fast-food giant got right that most get wrong. INC,
The 5 Cs in the business stand for Customers, Company, Collaborators, Competitors, and Context. The application of the 5 Cs is to offer a structure that can be employed to analyze the primary factors that impact an organization. In the context of McDonald's, the principles of the 5 Cs were applied to improve their business.
The first C is Customers: McDonald's gave the customers a reason to come back for more. McDonald's was the first restaurant to use the drive-thru service to save time, and this served to boost the company's revenues. The use of the drive-thru service provided consumers with a means to avoid queues and access fast food quicker, hence serving to attract more clients.
McDonald's also made efforts to enhance their services and provide healthier food options, which kept clients coming back for more
The second C is Company: McDonald's optimized its resources to boost the company's operations. The firm started using an IT system to manage its services, which provided an excellent platform to access information from different locations. This aided the company in implementing a consistent pricing strategy throughout all its branches and helped streamline its supply chain management processes.
Third C is Collaborators: McDonald's partnered with different organizations to enhance the quality of their products. McDonald's partnered with different firms such as Coca-Cola to supply the beverage products, which saved on cost and provided consumers with high-quality drinks.
The company also started partnering with different charitable organizations to engage in Corporate Social Responsibility (CSR) activities, which created a positive impact on society and helped promote the company's brand image.
Fourth C is Competitors: McDonald's conducted a competitive analysis to understand their market position. The company identified different competitors in the fast-food industry and came up with strategies to keep up with the competition.
For instance, McDonald's focused on enhancing their products and services, which kept clients coming back for more and also increased the company's revenues. Fifth C is Context: McDonald's also took into account the broader context in which the company operated.
The company considered the different laws and regulations that affected the fast-food industry and took steps to comply with them. The firm also took into account environmental factors such as climate change and came up with strategies to minimize its carbon footprint.
In conclusion, the application of the 5 Cs principles helped McDonald's improve its business by enhancing customer satisfaction, optimizing its resources, partnering with different firms, conducting a competitive analysis, and considering the broader context in which it operates.
This can be applied to other businesses or jobs to enhance their operations by considering the primary factors that impact their organization.
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On march 1 mike joined christmas Club His bank automatically deduct a $210 from his cheaser account of the end of each month, and deposit it into his christmas Club account is when will earn 0.0525 animit interst The account comes to term on December 1. Total interest earned in account
Mike will have a total of $2100 in his Christmas Club as his bank deduct $210 a month from March till December. Hence he may get $110.25 in interest if the interest rate is 5.25% on December 1.
Describe the Christmas Club.An account specifically intended for holiday spending is a Christmas club account. It typically only lasts for a year or less. A savings account of this type, often known as a Christmas club or holiday club account, is one in which regular deposits are made by customers all year long. In order to pay for holiday shopping and other expenses, such as travel, the accrued savings are then withdrawn just before the holiday season.
Regular direct transfers from your paycheck may be permitted by the account in Christmas club, and those funds would be preserved and transferred to them in time for the holiday buying season. Based on the balance in the account, the yearly percentage yield will fluctuate between 0.05% and 5.00%.
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The complete question is:
On March 1 Mike joined Christmas Club His bank automatically deduct a $210 from his Chaser account of the end of each month, and deposit it into his Christmas Club account. What will he earn at 5.25% APR simple interest for the year, as the account comes to term on December 1.
Which of the following is a determinant of supply? (1 point)
A. the price of a substitute in consumption
B. consumer expectations
C. the price of a substitute in production
D. the price of a complement in consumption
Considering the available options, the determinant of supply is: "consumer expectations."
This is because when a producer knows that the consumers are ready to consume now, the producers will supply more of the products.However, if the consumer expectation shows that they are not going to consume now, then the Producer will supply less of their products.This is based on the idea that the higher the consumer is willing to buy, the more profits for suppliers.Hence, in this case, the correct answer is option B. " consumer expectations."
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Answer:
The price of substitute in production
Explanation:
Just took the test
determine your targetarket
Answer:
A target market refers to a group of customers to whom a company wants to sell its products and services, and to whom it directs its marketing efforts. Consumers who make up a target market share similar characteristics including geography, buying power, demographics, and incomes.
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Which three statements help define a Market/Fit Hypothesis? (Choose three)
There are the three statements was the based on the defines a market/fit hypothesis are:
Who is the target audience?
Products are the fit to the market.
Product is the satisfy the needs and the wants.
What is Hypothesis?
A hypothesis is the investigation of two independent variables. Furthermore, it is evaluated and tested in an analytical phenomenon. A research hypothesis is a proclamation of expectation or prediction that will be tested through research.
According to the hypothesis, there are the three statement was the based on the market/fit. The product and solution fit to the market problems. Product are the fit to the target audience. Product is the satisfy the needs and the wants.
As a result, the three statements was the based on the defines a market/fit hypothesis.
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What are 3 benefits of the ProAdvisor Discount Program (Quickbooks Online)
Based on business management, the 3 benefits of the ProAdvisor Discount Program (Quickbooks Online) include "allow accounting personnel to grow their business, skills and QuickBooks® expertise."
Some other benefits of the ProAdvisor Discount Program (Quickbooks Online) include the following:
Training other accounting personal.Improving customer care.She is serving as a strategic marketing tool.Creating accountant-specific product discounts.Hence, in this case, it is concluded that there are various benefits of the ProAdvisor Discount Program (Quickbooks Online).
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Purchases transactions
Bowers Company purchased merchandise on account from Saunders Corp. for $9,100, terms 1/10, n/30. Bowers
returned merchandise with an invoice amount of $1,900 and received full credit.
a. If Bowers Company pays the invoice within the discount period, what is the amount of cash required for the
payment? If required, round the answer to the nearest dollar.
The amount of cash required by The Bowers Company to make the payment for the purchase of the merchandise from Saunders Corp. within the discount period of 10 days is $7,128.
Bowers Company will enjoy a discount of $72 ($7,200 x 1%) because it is able to settle within 10 days from the date of the purchase.The terms of the purchase specified 1% discount if payment is made within 10 days and full settlement within 30 days.Data Analysis and Calculations:
Debit Inventory $9,100 Credit Accounts Payable (Sanders Corp.) $9,100
Trade terms = 1/10, n/30
Debit Accounts Payable (Sanders Corp.) $1,900 Credit Inventory $1,900
Debit Accounts Payable (Sanders Corp.) $7,200 ($9,100 - $1,900) Credit Cash $7,128 ($7,200 - $72) Credit Cash Discounts $72 ($7,200 x 1%)
Thus, the credit period expires after 30 days and the cash required for the payment is $7,128 if the discount window of 10 days is utilized.
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which 2 statements are true about billable expenses
invoicing for a billable expense must always use an income account,
a default markup percentage can be added automatically on the invoice,
the purchase transaction
Explanation:
The two true statements about billable expenses are:
1. Invoicing for a billable expense must always use an income account: When invoicing a client for a billable expense, it is necessary to use an income account to record the revenue generated from that expense. This allows for proper tracking of the income related to the expense.
2. A default markup percentage can be added automatically on the invoice: Some businesses may choose to add a markup percentage to the original cost of a billable expense when invoicing the client. This markup percentage helps cover any additional costs or overhead associated with the expense. The use of a default markup percentage can automate this process, making it easier to calculate and include in the invoice.
What are the portfolio weights for a portfolio that has 130 shares of Stock A that sell for $40 per share and 110 shares of Stock B that sell for $30 per share
Answer:portfolio Weight of A =0.6118; portfolio Weight of B=0.3882
Explanation:
stock A Investment = Number of shares x market value
=130 x 40 = $5200
stock B investment =Number of shares x market value
110 x 30 = $3,300
Total Investments= $5200 + $3,300 = $8,500
portfolio Weight = stock Investment / Total investment
portfolio Weight of A= 5200/ 8,500 =0.6118
portfolio Weight of B = 3,300 / 8,500 =0.3882
QUESTION 3
What information is available in NSLDS?
Your entire federal student loan history
a.
O b. Loan amount totals
O c. Assigned federal loan services
C.
d. All of these are correct.
The information is available in NSLDS (National Student Loan Data System) Option D. All of these are correct.
A. Your entire federal student loan history: This includes all federal loans, such as Stafford, Perkins, and PLUS loans. You can see when each loan was disbursed, the amount of the loan, and the current balance, as well as any interest accrued. You can also see the repayment status of each loan, including if the loan is in deferment or forbearance, or if payments are delinquent or in default.
B. Loan amount totals: NSLDS will show you the total amount of federal student loans that you have taken out. This is useful in understanding the overall picture of your student loan debt.
C. Assigned federal loan services: NSLDS provides information on the loan servicer assigned to each of your loans. Your loan servicer is the company that you will make payments to each month. Knowing who your loan servicer is and how to contact them is important for managing your student loans.
D. All of these are correct. All of the above information is available in NSLDS. It is an important tool for managing your student loan debt, as it allows you to see the big picture of your loans and stay informed about the status of each loan. Therefore, the correct option is D.
The question was incomplete, Find the full content below:
QUESTION 3
What information is available in NSLDS?
A. Your entire federal student loan history
B. Loan amount totals
C. Assigned federal loan services
D. All of these are correct.
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+ 2(x – 3) – 5x Which expression is equivalent to the expression shown? –3x – 4 –3x – 1 –x – 12 –x – 3
According to the information, we can infer that the expression equivalent to 2(x – 3) – 5x is -3x - 12.
Which expression is equivalent to the expression shown?According to the information, we can infer that none of the options is correct. In this case to calculate the correct expression equivalent to the expression shown we have to simplify the given expression, we apply the distributive property by multiplying 2 with the terms inside the parentheses:
2(x – 3) = 2x – 6.Additionally, we subtract 5x:
2x – 6 – 5x = -3x – 6.According to the above, the expression -3x - 12 is equivalent to 2(x – 3) – 5x.
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A firm will fail to create a sustained competitive advantage when the a. fit between its internal strengths and the external environment is static. b. resource bundles exhibit heterogeneity and immobility. c. source of its competitive advantage is socially complex. d. source of its competitive advantage is causally ambiguous.
A firm will fail to create a sustained competitive advantage when fit between its internal strengths and the external is static.
What is Competitive advantage?What is Competitive advantage?Competitive advantage can be a strategy or factors that allow a company to out perform another by producing goods and services better or cheaper.
This requires strategic planning and good business management hence there is need for the environment to be dynamic. Being static is just going in one direction but ability to see things from different angle can bring about ideas that will increase a companies competitive advantage.Therefore, A firm will fail to create a sustained competitive advantage when fit between its internal strengths and the external is static.
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a project partner suggests you make several time consuming edits to your project the day before the deadline, even though she's had the opportunity to review your work all along. would would you do? check all that apply. A review her suggestions and tell her you'll prioritize the most important ones. B suggest that she should have made her suggestions sooner. C message her to tell her you won't have time to address the edits. D thank her for her suggestions but keep the work as it is. E ask for her help addressing the edits
Answer:
A and E
Explanation:
Considering the scenario described in the question, the right action to take in this event are:
1. review her suggestions and tell her you'll prioritize the most important ones: due to deadline which is nearby, the best thing to do during review is to ensure the study is done to the essential part of the project
2. ask for her help addressing the edits: because she's had the opportunity to review the work all along. And she is the one that suggested time-consuming modifications; it is ideal to ask for her input or help make the necessary edits so it will be faster, as she may have seen the needed improvements.
Hence, the correct answer is options A and E.
What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
When computing equivalent units of production, the method that combines partially completed units in beginning inventory with current-period production is the
Answer: the weighted average method
Explanation:
When computing the equivalent units of production, the weighted average method can be used in the combination of partially completed units in the beginning inventory with the current-period production.
In Weighted Average Cost method, a weighted average is used in the determination of the amount which gives into the inventory and the cost of goods sold.
This activity is important because as a manager, it is important to not only understand what we know about organizational behavior, but also how we know it. Over the past several decades, researchers have learned a great deal about organizational behavior topics and the ultimate impact of these issues on company performance. Where did the knowledge about these topics come from
The source of knowledge for the study of organizational behavior is mainly from the observation of group interactions over a period of time.
What is Organizational Behavior?This refers to the study of interaction which occurs among individuals in a group and how their interactions affects relationships.
With this in mind, we can see that the source of knowledge which researchers have gotten from a study of organizational behavior is the observation of the group interactions over a period of time.
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Assume the spot price of the US dollar against the dirham is 9dh/$. The exercise price in a put option is 9.2dh/$ and the premium is 0.4dh/$. The buyer of the put will