What is the applicable financial reporting framework in the US known as?

The working capital needs of a company are projected by estimating what out-of-pocket expenses will be incurred and when the revenues from sales are to be collected, which is done by cash budgets.

What is Working capital?

Working capital is a financial metric that is used to determine how effectively a business is managing its liquidity by comparing its current assets to its current liabilities. In other words, it's a measure of how well a business is positioned to meet its short-term obligations. The goal of working capital management is to ensure that a company has enough cash or other short-term assets to cover its obligations as they come due. Working capital= Current assets- Current liabilities.

A cash budget is a budget that shows how much cash a business expects to receive and pay out during a particular period. Cash budgets are useful for businesses because they help them plan for future cash flows and make sure they have enough money on hand to cover their expenses. It typically includes projections of sales, collections, and payments, as well as estimates of other cash inflows and outflows that may occur.

Therefore, the correct answer is A.

learn more about Working capital here:

https://brainly.com/question/28391478

#SPJ11

It is important for entrepreneurs to have a growth mindset, they should not let greed and impatience cloud their judgment. Prioritizing patience and sustainable growth can help entrepreneurs build successful businesses that thrive in the long run.

The concept of "growth" is central to entrepreneurship, and many entrepreneurs strive to grow their businesses as quickly as possible. However, the pursuit of rapid growth can sometimes lead to greed, which can be detrimental to the long-term success of the business.

Entrepreneurs who are driven solely by the desire to grow quickly may make short-term decisions that sacrifice the long-term health of the business. They may prioritize revenue growth over profitability, take on too much debt, or neglect the needs of their employees and customers.

In contrast, entrepreneurs who prioritize patience and sustainable growth are more likely to build successful businesses that can weather the ups and downs of the market. They focus on building a solid foundation for their business, nurturing relationships with customers and employees, and making strategic decisions that prioritize long-term success over short-term gains.

To learn more about entrepreneurs

https://brainly.com/question/31104672

#SPJ4

The given statement "the breakeven point can be calculated in terms of either number of units or sales revenue is true because a break-even point (BEP) is a point at which a business neither makes a profit nor incurs a loss.

The term "break-even" refers to the point at which total costs equal total revenue. The break-even point is a financial calculation used to determine the number of units a business must sell before it begins to make a profit. It is also used to calculate the sales revenue needed to break even on a product or service.

Therefore, it is true that the break-even point can be calculated in terms of either the number of units or sales revenue. The breakeven point can be calculated as follows: BEP (in units) = Total fixed costs / (Price per unit - Variable cost per unit)BEP (in dollars) = Total fixed costs / Contribution margin per unit or contribution margin ratio * Total sales

For such more question on revenue:

https://brainly.com/question/14510611

#SPJ11

Four pieces of information are necessary, 1), you need to identify the state in which the client is conducting business. 2), you need to determine if the client is registered to collect sales tax in the state. 3), you need to identify what items client is selling 4) you need to know the rate of sales tax that is applicable for the items and services.

This is important as it will determine which state sales tax rates are applicable. It is important to note that each state has its own sales tax laws and regulations and there can be a range of rates and exemptions depending on the state and the items and services being sold.

For example, some states exempt certain items from sales tax, while others may have multiple sales tax rates for different categories of goods and services. Therefore, it is important to understand the sales tax laws for the applicable state before setting up sales tax for a client.

Know more about  sales tax here:

https://brainly.com/question/29442509

#SPJ11

When a large grocery store builds a bakery in which all of the store-brand bread, rolls, and pastries are baked and then sold in the store, it implies a corporate strategy of vertical integration.

Vertical integration is a corporate strategy in which a firm operates across several stages of a supply chain. In this approach, the company aims to establish greater control over the supply chain from start to finish. It implies that a company, in addition to its main business, becomes involved in the production of the products it offers to consumers. The following are some of the benefits of vertical integration:

Vertical integration, on the other hand, necessitates a substantial initial investment because the company must purchase, lease, or develop a significant amount of property, as well as hire a substantial number of employees to oversee the whole supply chain.

Learn more about vertical integration https://brainly.com/question/30665179

#SPJ11

In the first case the montly payment is $401 and second case montly payment is $551.

The monthly payment is the amount paid per month to pay off the loan in the time period of the loan. When a loan is taken out it isn't only the principal amount, or the original amount loaned out, that needs to be repaid, but also the interest that accumulates. the difference between two montly payments is ($551-$401= $150). when we increase interest rate then automatically monthly payment have to be increases .

simple formula for calculating montly payment is

Monthly Payment = (Principal *interest /12)*(1+interest/100*12)*12*number of years/(1+interest/100*12)number of month -1

to know more abouth the monthly payment visit:

https://brainly.com/question/29305978

#SPJ1

Here are three tips on how to incorporate an influencer strategy at your next event:

Set clear goals: Before you begin identifying potential influencers, it's important to have a clear understanding of your event goals and what you hope to achieve through influencer marketing. Are you looking to increase event attendance, generate buzz on social media, or drive engagement with your target audience? Once you've defined your goals, you can better identify influencers who can help you achieve them.

Build authentic relationships: Influencer marketing is most effective when you build authentic relationships with influencers. Take the time to research potential influencers and their content, engage with them on social media, and provide value to them before you pitch a partnership. This can help establish a foundation of trust and ensure that the influencer's endorsement of your event is genuine.

Provide value to your influencers: To incentivize influencers to promote your event, consider offering them value in exchange for their participation. This could include free event tickets, exclusive access to speakers or VIP areas, or compensation for their time and effort. By providing value to your influencers, you can build stronger relationships and ensure that they are motivated to promote your event to their audience.

Incorporating an influencer strategy at your next event can help you reach a wider audience and generate excitement around your event. By setting clear goals, building authentic relationships, and providing value to your influencers, you can create a successful influencer marketing campaign that drives results.

Learn more about marketing here brainly.com/question/15483550

#SPJ4

An extended car warranty or vehicle service contract can protect you against unexpected car bills, but it can come at a steep cost if you wind up paying for coverage that was already included in the manufacturer warranty.  

This is because many of the services and components that are covered by the extended warranty may already be included in the original manufacturer's warranty. Before signing up for an extended warranty, it is important to make sure you understand what is and isn't included in the original manufacturer's warranty, as well as any differences in the coverage and cost of the extended warranty. Additionally, it is also important to consider whether the services offered by the extended warranty are ones that you would actually use. Doing this research ahead of time can help save you from buying unnecessary coverage and paying a higher price than necessary.

For more such questions on warranty

https://brainly.com/question/14227081

#SPJ11

Joseph Schumpeter developed a growth model that suggests new products unleash a​ gale of creative​ destruction that drives old products out of the​ market.

The idea of creative destruction was created by Austrian economist Joseph Schumpeter and was outlined in his growth model. He thought that when new goods and technology are introduced into a market, a disruptive force is created that displaces older, less effective products and processes, causing the demise of established industries and the emergence of new ones. Schumpeter contends that in capitalist society, this dynamic is what spurs innovation, expansion, and progress. The whirlwind of creative destruction refers to the continual economic turnover of items and processes that happens in market economies. This idea emphasises how crucial innovation and entrepreneurship are to advancing the economy and explains why some businesses succeed while others go out of business.

learn more about Joseph Schumpeter here:

https://brainly.com/question/30077234

#SPJ4

The statement about apprenticeships that is true is that an apprentice can earn an income while learning a trade. This statement is true because apprenticeships are on-the-job training programs that allow individuals to learn a specific trade or craft while working under the supervision of a skilled professional.

Apprenticeships are offered in a variety of fields, including construction, manufacturing, healthcare, and transportation.
During an apprenticeship, apprentices receive a combination of classroom instruction and on-the-job training. The length of an apprenticeship program can vary depending on the field and the complexity of the skills being taught. Apprenticeships can last anywhere from one to six years.
Apprentices are paid for their work during the program. In addition to earning a paycheck, apprentices receive benefits such as health insurance and retirement benefits. Apprenticeship programs are often sponsored by employers, industry associations, and labor unions.
In conclusion, apprenticeships are a valuable way for individuals to learn a specific trade or craft while earning a paycheck. Apprenticeships offer a combination of classroom instruction and on-the-job training and can last anywhere from one to six years. Apprenticeship programs are often sponsored by employers, industry associations, and labor unions.

For more questions on apprenticeships

https://brainly.com/question/8807113

#SPJ11

The nominal interest rate is 4.5%.

The nominal interest rate is calculated by adding the real interest rate and expected inflation together.

In this case, the real interest rate is 2.5% and the expected inflation rate is 2%. Therefore, when added together, the nominal interest rate is 4.5%.


The nominal interest rate is the rate of interest before accounting for inflation. It is a rate used in financial transactions and reflects the borrowing and lending conditions of the economy.

The real interest rate, on the other hand, is the rate of interest after accounting for inflation. In other words, it is the rate that an investor can earn, minus the rate of inflation. Therefore, to calculate the nominal interest rate, the real interest rate and the expected inflation rate must be added together.

To know more about nominal interest rate click on below link:

https://brainly.com/question/13324776#

#SPJ11

Retail sales are measured by collecting self-reported data from chains of over 40 stores. Option C is correct.

Retail sales is a measure of how much product consumers buy from stores. Retail sales in the United States are measured by the Census Bureau. Retail sales are monitored by the US Department of Commerce, which publishes retail sales estimates once a month.

The data are compiled by gathering self-reported data from chains of more than 40 stores. The Bureau of Labor Statistics, on the other hand, conducts the Current Employment Statistics (CES) survey to provide an early estimate of monthly nonfarm payroll employment data.

In conclusion, option c) collecting self-reported data from chains of over 40 stores is correct.

See more about retail sales at https://brainly.com/question/29559180.

#SPJ11

Wang Inc. operates in the downstream segment of the oil and gas industry, which involves the refining and processing of crude oil into various petroleum products such as gasoline, diesel, and kerosene.

The downstream segment also includes the marketing and distribution of these products to wholesalers, retailers, and end-users. Wang Inc. buys crude oil from upstream companies and converts it into valuable products, which it then sells to downstream customers.

Therefore, Wang Inc. is a part of the downstream market segment that includes refineries, marketing and distribution companies, and end-users.

Read more about business market here:4

https://brainly.com/question/25492268

#SPJ1

The most important characteristic in identifying which data to collect for marketing research is (B) data that are relevant to decisions for marketing actions.

While data that are inexpensive to obtain, simple to analyze with statistical tools, or can be obtained in the shortest period of time may also be desirable, they are secondary considerations to ensuring that the data collected are relevant and useful for informing marketing decisions.

Ultimately, the purpose of marketing research is to gather information that can guide strategic decisions, such as product development, pricing, promotion, and distribution. As such, the relevance of the data to these decisions is paramount.

You can learn more about marketing research at

https://brainly.com/question/24906199

#SPJ11

It is true that the Business level strategy addresses two related issues: what businesses should a corporation compete in and how can these businesses be managed so that they create synergy. The correct option is True.

What is a business-level strategy?

A business-level strategy is a process that an organization uses to determine how to compete in its particular market. A company's business-level strategy is typically expressed in its mission statement and strategic goals. It is the strategic approach that a company employs to gain a competitive advantage by utilizing its core competencies in a given industry or market sector.

What is the significance of the business-level strategy?

In any organization, the business-level strategy is critical. It aids in the decision-making process and aids in identifies the core competencies that provide the company with a competitive advantage. In addition, it serves as a roadmap for ensuring that the company achieves its strategic objectives.

Therefore the correct option is true.

Learn more about Strategy here:-

https://brainly.com/question/1417340

#SPJ11

When consumers hold money rather than bonds because they expect the interest rate to increase in the future, they are holding money for the purpose of speculation.

An interest rate is the amount of money paid as interest on a loan or deposited in a savings account. As the economy fluctuates, interest rates also fluctuate, reflecting a variety of variables such as market demand, inflation, and government policy.

Interest rates rise when inflation rises or when investors believe they will increase shortly, and when the Federal Reserve increases its benchmark interest rate to curb inflation. Bond prices will rise when interest rates fall because there is less supply, and investors are willing to pay more to obtain a higher yield.

The act of engaging in a financial transaction that carries a high risk of value loss but also carries the expectation of a sizable gain is referred to as speculation. There would not be much incentive to speculate without the promise of huge gains.

Learn more about interest rate here:

brainly.com/question/29415701

#SPJ11

If xyz is an annual bond that pays a coupon rate of 4%, the payment that you would expect to receive every year would depend on the: face value of the bond.

The face value is the amount that the bondholder will receive upon maturity.

To calculate the annual payment, you would need to multiply the face value of the bond by the coupon rate. This would give you the annual interest payment that the bondholder would receive.

The formula to calculate the annual payment is:

Annual payment = Face value x Coupon rate

For example, if the face value of the bond is $1000, and the coupon rate is 4%,

the annual payment would be:

Annual payment = $1000 x 0.04

Annual payment = $40

Therefore, you would expect to receive $40 every year as the payment for the bond.

To know more about bond, refer here:

https://brainly.com/question/29455521#

#SPJ11

According to the question, the current net income tax cost from Beal's capital transactions is $9,100.

Net income is a financial metric that is used to measure the profitability of a business after all expenses have been deducted from the gross income. It is calculated by subtracting the cost of goods sold (COGS), operating costs, taxes, and any other expenses from the total revenue. Net income is also known as net profit, bottom line, or net earnings.

This is calculated by taking her net long-term capital gain of $42,400 and multiplying it by the marginal rate of 37%, which is $15,688. We then take the net short-term capital loss of $33,000 and subtract it from the $15,688, which leaves us with a net tax cost of $9,100.

To learn more about net income

https://brainly.com/question/30403491

#SPJ1

The percentage change in price will be 6.11% for Bond Bill and -35.22% for Bond Ted. The percentage change in price will be 14.67% for Bond Bill and 28.25% for Bond Ted.

Bond Bill and Bond Ted have 12.4 percent coupons, make semiannual payments, and are priced at par value. Bond Bill has 5 years to maturity, whereas Bond Ted has 22 years to maturity.

1: If interest rates suddenly rise by 3 percent, the percentage change in the price of these bonds are calculated below:

We are given the formula for calculating the price of a bond:

PV = PMT × [1 − 1 / {(1\ +\ r)}^n ] / r + FV / {(1\ +\ r)}^n

Where PV = price of bond, PMT = coupon payment, FV = maturity value, r = periodic interest rate, n = number of periods.

Bond Bill has 5 years to maturity, thus it has 5*2 = 10 periods. Bond Ted has 22 years to maturity, thus it has 22*2 = 44 periods.

If interest rates suddenly rise by 3 percent, then the new rate for Bond Bill will be 0.124 + 0.03 / 2 = 0.139 and for Bond Ted, it will be 0.124 + 0.03 / 2 = 0.139.

The new prices of Bond Bill and Bond Ted will be:

PV(Bond Bill) = 62 × [1 − 1 / {(1\ +\ 0.139)}^{10} ] / 0.0695 + 1000 / {(1\ +\ 0.139)}^{10}= $1,061.09

PV(Bond Ted) = 62 × [1 − 1 / {(1\ +\ 0.139)}^{44} ] / 0.0695 + 1000 / {(1\ +\ 0.139)}^{44}= $647.77

Then, the percentage change in the price of these bonds will be:

% Change = ((New Price - Old Price) / Old Price) x 100%

Change in price of Bond Bill = (($1,061.09 - $1,000)/$1,000) x 100% = 6.11%

Change in price of Bond Ted = (($647.77 - $1,000)/$1,000) x 100% = -35.22%

Thus, the percentage change in price will be 6.11% for Bond Bill and -35.22% for Bond Ted.

2. If rates were to suddenly fall by 3 percent instead, the percentage change in the price of these bonds is calculated below:

If rates were to suddenly fall by 3 percent, then the new rate for Bond Bill will be 0.124 - 0.03 / 2 = 0.109 and for Bond Ted, it will be 0.124 - 0.03 / 2 = 0.109.

The new prices of Bond Bill and Bond Ted will be:

PV(Bond Bill) = 62 × [1 − 1 / {(1\ +\ 0.109)}^{10} ] / 0.0545 + 1000 / {(1\ +\ 0.109)}^{10}= $1,146.67

PV(Bond Ted) = 62 × [1 − 1 / {(1\ +\ 0.109)}^{44} ] / 0.0545 + 1000 / {(1\ +\ 0.109)}^{44}= $1,282.52

Then, the percentage change in the price of these bonds will be:

% Change = ((New Price - Old Price) / Old Price) x 100%

Change in price of Bond Bill = (($1,146.67 - $1,000)/$1,000) x 100% = 14.67%

Change in price of Bond Ted = (($1,282.52 - $1,000)/$1,000) x 100% = 28.25%.

Learn more about Bond:

https://brainly.com/question/25965295

#SPJ11

The correct option is a comprehensive indicator and a good predictor of the economy.

The level of optimism that consumers have regarding the status of the economy and their own financial situation is referred to as consumer confidence. In other words, it is a statistical measurement of people's sentiments and the likelihood of their willingness to spend money or make large purchases. Consumer confidence is regarded as a good predictor of the economy and is used by policymakers to anticipate the trajectory of economic growth, including government officials, economic analysts, and corporations.

The business cycle moves in tandem with consumer confidence. When consumer confidence is high, people tend to spend more money, causing economic growth to accelerate. When consumer confidence is low, the economy slows, and unemployment rises. The state of the economy is reflected in consumer confidence levels. When people feel good about the state of the economy, they are more inclined to spend their money, leading to increased economic activity, which can have a significant impact on GDP growth.

Learn more about Consumer confidence here:

brainly.com/question/30910884

#SPJ11

Answer:Shareholders essentially own the company, which comes with certain rights and responsibilities. This type of ownership allows them to reap the benefits of a business's success. These rewards come in the form of increased stock valuations or financial profits distributed as dividends.

Explanation:

The price of the bond will be $1074.17.

Par value = $1,000

Coupon rate = 8.14%

Time to maturity = 19 Years

Yield to maturity = 7.77%

The present value of bond can be calculated as:

PV = (C / r) × (1 – 1 / (1 + r)ⁿ) + F / (1 + r)ⁿ

Where,

PV = Present value of bond

C = Coupon rate × Par value / Frequency

r = Yield to maturity / Frequency

n = Time to maturity * Frequency

F = Par value of bond

At a frequency of 1, the present value of bond can be calculated as:

PV = (81.40 / 1.0777) × (1 – 1 / 1.0777¹⁹) + 1000 / 1.0777¹⁹

PV = $954.90 + $119.27

PV = $1,074.17

Learn more about bond price at

https://brainly.com/question/29106711

#SPJ11

The option that allows you to spend all $10 is where Coke costs $0.40 and popcorn costs $0.50.

In financial terms, "spends" generally refers to the amount of money that is expended or spent on goods or services by an individual, organization, or government. It can also refer to the process of allocating funds for various purposes, such as marketing spends or capital spends. Spends can vary depending on a number of factors, including the individual's or organization's budget, the nature of the goods or services being purchased, and the prevailing economic conditions. For businesses, spends can be a critical factor in determining profitability and growth, as they must balance their spending with their revenue to ensure financial sustainability. Effective management of spends can involve budgeting, tracking expenses, negotiating with suppliers, and making strategic decisions about investments and expenditures.

If Coke costs $0.40 and popcorn costs $0.50, you could buy 25 Cokes ($0.40 x 25 = $10) or 20 popcorns ($0.50 x 20 = $10). Therefore, you could buy a combination of 25 Cokes and 0 popcorns, or 20 popcorns and 0 Cokes.

To learn more about spends, visit:

https://brainly.com/question/28875731

#SPJ1

Multiparty negotiations encompass discussions of expanding the pie (negotiating integratively) and dividing the pie (bargaining distributively) while addressing fairness concerns.

Unlike two-party negotiations, multiparty negotiations involve more than two parties, which introduces additional complexity in managing conflicting interests and fairness considerations.

In such negotiations, participants must navigate a web of interdependent relationships, diverse perspectives, and varying priorities. Fairness concerns become prominent as multiple parties strive to secure their share of the expanded pie.

The dynamics of multiparty negotiations require strategies that balance the collective goal of expanding the pie with the individual goals of each party, emphasizing equitable distribution to alleviate tensions and reach mutually satisfactory agreements.

Learn more about encompasses here

https://brainly.com/question/31954436

#SPJ12

The answer to the question is True. Setting a more accurate residual price of each car would help attenuate the problems of adverse selection.

To explain this further, the adverse selection problem arises when one party in a transaction has more information than the other. In this case, the customer (Larry and Nick) knows the value of their cars more accurately than the manufacturer does, and so have an advantage in determining the appropriate purchase or return decision.

If the manufacturer sets a more accurate residual price for each car, it would better reflect the value of the car, and customers would be less likely to take advantage of the manufacturer by returning the cars instead of keeping and purchasing them.

Learn more about The sale value of asset: brainly.in/question/27257364

#SPJ11

option B ic correct the operating net profits for income of 7,700 units is $50,500



Step 1: Calculate the income and variable fees according to unit:
sales rate per unit
=total income/total units
=$413,four hundred/7,800=$53

Variable cost in keeping with unit
=total variable price/total gadgets
=$257,four hundred/7,800=$33

Step 2: Calculate the operating income if the employer sells 7,700 devices as follows:
details in line                      per unit      amount
sales (700 devices)            $53           $408,100
Variable value                    $33            $254,100
Contribution margin                             $154,000
fixed fee (given)                                    $103,500
net operating profits                            $50,500

consequently, the operating net income for income of seven,700 gadgets is $50,500

To recognize more approximately operating income click here
brainly.com/question/17166925
#SPJ4

Price takers are businesses or people that operate in completely competitive markets but lack the ability to command a higher price for their goods or services.

People or businesses who operate in a market and have no control over the price of the goods or services they sell are known as price takers. Individuals are powerless to influence the market price through their own actions or decisions, and must accept the price set by supply and demand factors. In other words, they are powerless to control the price and are forced to accept whatever the market decides. Price takers often work in markets that are very competitive, have a large number of customers and sellers, uniform products, and no obstacles to entering or departing.

learn more about Price takers here:

https://brainly.com/question/29218058

#SPJ4

On July 27, the cost of the goods sold was $8,550. On July 31, the stock was $6,130.

Calculating beginning inventory requires determining the cost of goods sold (COGS). The value of the most recent ending inventory should then be added, and the cost of fresh inventory acquisitions should be deducted. (COGS + ending inventory) - purchases is the equation.

Starting with the most recent purchase on July 15, we use 125 units to cover the first 125 units sold (75 on July 8 and 50 out of 125 on July 27).

The remaining 25 units sold on July 27 are assumed to come from the beginning inventory of 90 units.

Therefore, the cost of goods sold on July 27 is (125 units × $58 per unit) + (25 units × $52 per unit) = $7,250 + $1,300 = $8,550.

(90 units × $52 per unit) + (25 units × $58 per unit) = $4,680 + $1,450 = $6,130.

To know more about goods visit:-

https://brainly.com/question/29426090

#SPJ1

A major trend in data analytics is the use of artificial intelligence to focus on small data which is more precise, using small datasets that are capable of impacting decisions in the present. This is known as narrow AI.

Narrow AI, often known as weak AI, is a type of artificial intelligence that is limited to a particular task. It is distinct from general AI, which is meant to be capable of accomplishing any intellectual task that a human being can. Narrow AI is commonly utilized in things like voice assistants, image and speech recognition, and data analytics.

The term narrow AI refers to an AI system that is designed to do a single task, such as playing chess or analyzing data. It cannot do anything else beyond the job it was built for. In contrast to general AI, which is designed to understand and learn from a wide range of tasks, narrow AI is developed to work on a limited number of them.

Data analytics is an analytical approach that entails extracting data from several sources, cleansing and categorizing it, and then interpreting and utilizing it to make informed decisions. It is frequently used to find trends and relationships in data, allowing businesses to make better-informed judgments. AI, or artificial intelligence, is frequently used in data analytics to assist with the analysis of large quantities of data to uncover trends and patterns.

Learn more about AI system here:

https://brainly.com/question/30364563

#SPJ11

B Put options to sell 100 shares for $10. After a 2-for-1 stock split, the investor’s put option to sell 100 shares for $20 is now worth the same as a put option to sell 200 shares for $10.

Put options are a sort of contract between an option's seller and the person who buys the option (the option holder).

This option gives the option holder the right, but not the obligation, to sell a predetermined number of shares of the underlying asset at a specific price (the strike price) by a certain date (the expiration date).

An investor has exchange-traded put options to sell 100 shares for $20. After the stock split, the investor will still have the put options but will have the right to sell 100 shares at a lower price.

So, the position of the investor after the stock split is that they will have put options to sell 100 shares for $10.

The price per share of the company has decreased as a result of the 2-for-1 stock split.

Therefore, the put option to sell 100 shares would have been adjusted to reflect the stock split.

So, the position of the investor after the stock split is that they will have put options to sell 100 shares for $10.The correct option is B. Put options to sell 100 shares for $10.

Learn more about exchange trade here:

https://brainly.com/question/28414303

#SPJ11