Answer:
Dr. Trading securities $4,800
Cr. Unrealized gain on trading securities $4,800
Explanation:
Trading securities are recorded reported on the fair market value. The gain or loss arise from the increase or decrease in the value of trading securities. There is a gain if the price of trading security increases and loss when the price of the trading security decreases. Unrealized gains are reported in the separate section of stockholders equity.
Gain on Trading securities = Fair value of security portfolio - Cost of security portfolio = $46,300 - $41,500 = $4,800
Consumers are most likely to find the best prices in an oligopoly
Answer: Marketing.
Explanation:
A Marketing message is a message on a product passed across to it's target market, that highlights the positive qualities of that product, the message is intended to positively influence consumers to buy the product. Patel's message is a Marketing message to members of his target market.
