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Thepotemich [5.8K]
1 year ago
6

the sale of shares not owned by the investor but borrowed through a broker and later purchased to replace the loan is called a

Business
1 answer:
zloy xaker [14]1 year ago
5 0

The sale of shares not owned by the investor but borrowed through a broker and later purchased to replace the loan is called a short sale.

What is loan?

A loan is any sum of money, a piece of property, or other tangible item that is given to another party with the understanding that it will be paid back, plus interest, at a later date.

The term “short sale” refers to selling the stock. The share rate is down, so the owner is selling, and the other person is purchasing the shares. The share rate will increase the sale rate in the future. They buy, and the conversion into a loan is known as a short sale.

As a result, the short sale the shares are the converted into the loans.

Learn more about on loan, here:

brainly.com/question/7299838

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Fess Hardware Store had net credit sales of $8,500,000 and cost of goods sold of $5,000,000 for the year. The Accounts Receivabl
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Answer: 12.5 times

Explanation:

The accounts receivable turnover tells you how effective your company's collection mechanism is.

Accounts Receivable turnover = net credit sales/accounts receivables

= 8500000/600000+760000 = 12.5 times.

5 0
3 years ago
In July, a customer invested $10,000 in the ABC Mutual Fund. In December of the same year, ABC announced a long-term capital gai
mihalych1998 [28]

Answer:

Capital gains distribution is treated as long term

Capital gain from from redemption is treated as short term

Explanation: Capital gains may be explained as the profit made from the sale of a property or investment. Depending on the holding duration of the stock or bond, a capital gain may be classed as short term is held for below one year or long-term, of held for more than 1 year. However, According to the Internal Revenue service regulation, Capital gains are taxed as long term irrespective of the holding period in which the owner has possessed the fund.

Capital gains redemption however, follows the usual time-line and in this case would be taxed as short-term because the holding period is between July to May, which is a 10 months. Since it hasn't exceeded a year, then, it is classed as short term.

4 0
2 years ago
For Gundy Company, units to be produced are 5,280 in quarter 1 and 6,400 in quarter 2. It takes 2.0 hours to make a finished uni
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Answer:

Total cost= $350,400

Explanation:

Giving the following information:

For Gundy Company, units to be produced are 5,280 in quarter 1 and 6,400 in quarter 2. It takes 2.0 hours to make a finished unit, and the expected hourly wage rate is $15 per hour.

Quarter 1:

Direct labor cost= 5,280*2= 10,560 hours

Quarter 2:

Direct labor cost= 6,400*2= 12,800 hours

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7 0
3 years ago
Melbourne Company uses the perpetual inventory method. Melbourne purchased 500 units of inventory that cost $4.00 each. At a lat
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$1,200

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Therefore the amount of ending inventory appearing on the balance sheet will be:$1,200

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2 years ago
According to the expenditure approach, if Y is GDP, C is consumption, I is investment, G is government purchases, and NX is net
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Answer:

The answer is Y = C + I + G + NX

Explanation:

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6 0
3 years ago
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