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question:Explain the roles of buyers and sellers in options trading, specifically for call and put options.
answer:Buyers of call options have the right to buy the underlying stock at the strike price, while sellers (writers) of call options have the obligation to sell the stock at the strike price if the option is exercised. Conversely, buyers of put options have the right to sell the stock at the strike price, while sellers (writers) of put options have the obligation to buy the stock at the strike price if the option is exercised.
question:Given the equation x^2+2 x+10 y^2-3 y-4=0, rewrite the equation in standard form, classify the conic, and state relevant properties such as foci, eccentricity, center, and area enclosed.
answer:1. To rewrite the equation in standard form, we complete the square for both x and y terms. 2. The classification of the conic is determined based on the coefficients of x^2 and y^2. Since both coefficients are positive and not equal, it is an ellipse. 3. The foci, eccentricity, center, and area enclosed are calculated using standard formulas for ellipses. Classification: Ellipse Equation: (x+1)^2+10 left(y-frac{3}{20}right)^2=frac{209}{40} Foci: left( begin{array}{cc} -1-frac{3 sqrt{209}}{20} & frac{3}{20} frac{3 sqrt{209}}{20}-1 & frac{3}{20} end{array} right) Eccentricity: frac{3}{sqrt{10}} Center: left{-1,frac{3}{20}right} Area Enclosed: frac{209 pi }{40 sqrt{10}}
question:Compared with an unemployed middle-aged white male, an unemployed white teenage male is _____ likely to find a job and, once employed, is _____ likely to become unemployed.
answer:More; more
question:Acme Inc. has accounts receivable of 500,000 at the end of the fiscal year. The company estimates that 5% of accounts receivable will be uncollectible. The Allowance for Doubtful Accounts currently has a 1,000 credit balance. Calculate the necessary adjusting entry for bad debt expense and the ending balance in the Allowance for Doubtful Accounts.
answer:Bad debt expense for the period: 500,000 x 0.05 = 25,000 Adjusting entry: Debit Bad Debt Expense 24,000 Credit Allowance for Doubtful Accounts 24,000 Ending balance in Allowance for Doubtful Accounts: 1,000 (credit balance) + 24,000 (credit) = 25,000 (credit balance)