Josh Owns 2 Call Options on Foster Glass Stock

question 98

Multiple Choice

Josh owns 2 call options on Foster Glass stock.The exercise price is $47.50 and the stock price at expiration is $49.01.What is the total payoff on the option contracts?

• A) -$0.00
• B) -$3.02
• C) $3.02
• D) $30.20
• E) $302.00

Comprehend payroll accounting, including calculating payroll taxes expense and net pay.

Grasp the accounting procedures for special payroll considerations and employee benefits.

Understand and apply the correct journal entries for notes payable and receivable transactions.

Identify and record employer and employee responsibilities regarding FICA and unemployment taxes.

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Definitions:

Thread Callout

An annotation on a drawing specifying the characteristics of a threaded part, such as diameter, pitch, and thread type.

Hexagonal

Relating to a shape or object having six angles and sides, often used in reference to cross-sectional shapes of bolts or nuts.

Abbreviation

A shortened form of a word or phrase used for convenience.

M

Often used as an abbreviation for "meter" in metric measurements or as a designation for thousands in units of measure.