Consider the following options portfolio. You write an August expiration call option on Apple with exercise price $140. The price of this call option is $4.20. You write an August Apple put option with exercise price $135. The price of this put option is $3.70. What will be the profit/loss on this position if Apple is selling at $150 on the option expiration date

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)