A collar is established by buying a share of stock for $54, buying a six-month put option with exercise price $47, and writing a six-month call option with exercise price $61. Based on the volatility of the stock, you calculate that for an exercise price of $47 and maturity of six months, N(d1)= 0.6555. What will be the gain or loss on the collar if the stock price increases by $1? (Input the amount as a positive value. Round your answer to 3 decimal places.)

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $360,000; cash paid for rent, $44,000; cash paid to employees for services rendered during the year, $124,000; cash paid for utilities, $54,000.in addition, you determine that customers owed the company $64,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,400 at year-end, and the rent payment was for a two-year period.calculate accrual net income for the year.