Ferrell Fine Meats Reported Sales Revenue of $ 377,000 on the Income

question 123

Multiple Choice

Ferrell Fine Meats reported sales revenue of $ 377,000 on the income statement. There has also been a decrease in the accounts receivable account in the amount of $ 12,000 when compared to prior year. Cash receipts from customers were therefore

• A) $ 377,000.
• B) $ 389,000.
• C) $ 365,000.
• D) $ 12,000.

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Definitions:

Time To Expiration

The duration remaining before an option or other derivative contract ceases to be valid and the holder must exercise their rights.

Stock Price

The cost at which a single share of a company's stock is bought or sold in the market.

Stock Volatility

A statistical measure of the dispersion of returns for a given security or market index, indicating how much and how quickly the value of a security or market index changes.

Exercise Price

The cost at which an option's holder may purchase (if it's a call option) or sell (if it's a put option) the asset underneath.