(Covered Call and Protective Put) An investor buys 1 share of stock XYZ at $80 but now has a short term bearish view on the stock. The investor sees that the following options are traded with high liquidity and considers some option strategies. (In your answers, assume that options are traded at the mid-point of bid and ask prices and the transaction costs are zero.) Option Type Maturity Strike Price Bid Ask
Call Nov 20, 2020 $90 $2.00 $2.10
Put Nov 20, 2020 $70 $0.80 $0.90
(1) Covered Call Strategy
(2) Explain how the investor can use the above option(s) to construct a covered call strategy.

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

Mcdonald's fast-food restaurants have a well-designed training program for all new employees. each new employee is supposed to learn how to perform standardized tasks required to maintain mcdonald's service quality. due to labor shortages in some areas, new employees begin work as soon as they are hired and do not receive any off-the-job training. this nonconformity to standards creates

Bandar industries berhad of malaysia manufactures sporting equipment. one of the company’s products, a football helmet for the north american market, requires a special plastic. during the quarter ending june 30, the company manufactured 35,000 helmets, using 22,500 kilograms of plastic. the plastic cost the company $171,000. according to the standard cost card, each helmet should require 0.6 kilograms of plastic, at a cost of $8 per kilogram. 1. what is the standard quantity of kilograms of plastic (sq) that is allowed to make 35,000 helmets? 2. what is the standard materials cost allowed (sq x sp) to make 35,000 helmets? 3. what is the materials spending variance? 4. what is the materials price variance and the materials quantity variance?