KD Industries stock is currently trading at $32 per share. Consider a put option on KD stock with a strike price of $30. The maximum value of this put option is ________

Employers can best protect themselves from claims for negligent hiring by:

A. hiring only those applicants recommended by current employees B. verifying information provided by applicants on resumes and applications. C. outsourcing entry level positions to a third party to be the employer. D. hiring only college graduates.

A factory machine was purchased for $60,000 on January 1, 2006. It was estimated that it would have a $12,000 salvage value at the end of its 5-year useful life. It was also estimated that the machine would be run 40,000 hours in the 5 years. The company ran the machine for 4,000 actual hours in 2006. If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2006 would be

A. $4,800 B. $9,600 C. $6,000 D. $12,000