Protonix Corp has a payroll of $8,000 for a five-day workweek. Its employees are paid each Friday for the five-day workweek. The adjusting entry on December 31, 2015 assuming the year ends on Thursday would be:
Definitions:
Option Theta
A measure of the rate of decline in the value of an option due to the passage of time.
Time To Expiration
Time to expiration refers to the remaining period until the expiration date of a financial contract, such as an option or futures contract.
Put-Call Parity
Put-Call Parity is a principle stating the relationship between the prices of European put and call options with the same strike price and expiration.
Riskless Asset
An idealized financial instrument that is assumed to have a guaranteed return with no risk of financial loss.
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