1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nataly [62]
3 years ago
7

On January 1, you sold short one round lot (that is, 100 shares) of Lowe's stock at $24.50 per share. On March 1, a dividend of

$3.20 per share was paid. On April 1, you covered the short sale by buying the stock at a price of $20.00 per share. You paid 15 cents per share in commissions for each transaction. a. What is the proceeds from the short sale (net of commission)?
Business
1 answer:
Naddik [55]3 years ago
8 0

Answer:

$2,435

Explanation:

Data provided in the question:

Number of shares sold = 100

Price of Lowe's stock  = $24.50 per share

Dividend paid = $3.20

Price of buying stock = $20.00 per share

Commission paid = 15 cents per share = $0.15 per share

Now,

Total cost of selling the shares = $24.50 × 100

= $2,450

Total commission = $0.15 × 100

= $15

Therefore,

Proceeds from the short sale = $2,450 - $15

= $2,435

You might be interested in
Select the items from the following list that are included in financial literacy.
erastovalidia [21]
All of these are included in financial literacy
4 0
3 years ago
A Michigan State University student spends his summer months in his hometown, where he works for a local micro-brewery during th
murzikaleks [220]

Answer: Expectancy theory

Explanation:

The theory that suggests that the student will only work as hard as necessary to earn a "C" grade is the expectancy theory.

Expectancy theory states that an individual will act in a particular way due to the fact of what they believe will be the result of the behavior that they selected and thereby will select a particular behavior above orhers.

Here, the student simply selects his work above the school grade because he believes that a C is enough for him. Therefore, the answer will be expectancy theory.

6 0
2 years ago
Annie is excited about a $500 income tax return and is already contemplating which shoes to purchase. annie is exhibiting
Diano4ka-milaya [45]
Annie can be probably exhibiting <span>strongly positive time preferences and prospect theory. Annie is contemplating which shoes she would buy so she has a strongly positive time preferences and a prospect theory because she has a decision and has an alternatives what type of shoes she would buy.</span>
6 0
3 years ago
If a firm offers a service that is valuable, rare, and costly to imitate, but a substitute exists for the service, the firm will
Shalnov [3]

Answer:

c. have a temporary competitive advantage

Explanation:

In this case, it is correct to say that the company has a temporary competitive advantage, as there is a substitute for its valuable, rare and expensive service to imitate.

The company gained a competitive advantage in the market for being the only one to offer that service, which by the attributes confer barriers of entry for new competitors, but when there is a substitute for the service and that have the same characteristics, it is correct to say that the company it will lose its competitive advantage in a matter of time, because with more competitors in the market it is common for there to be some loss of market share, so in this case it is ideal for the company to adapt and seek new attributes to innovate, generate more value for consumers and so seek a differential that will guarantee you a higher position in the market.

5 0
2 years ago
elias is creating an agenda for his team's upcoming sales meeting. what should he include in the agenda?
andrew11 [14]

Elias is creating an agenda for his team's upcoming sales meeting, expected outcomes include in the agenda

The process of leading to the sale of goods or services is referred to as sales. Businesses have segmented sales organizations made up of various teams. Additionally, these sales teams are frequently chosen based on the market they are targeting, the good or service they are selling, and the target client. A meeting's agenda is a list of the topics that will be discussed, starting with the call to order and ending with the adjournment. It typically contains one or more specific items of business that need to be handled. Specific times for one or more activities may be included, but they are not required to be. Agendas typically include: Informational items: updating the group on relevant information.

Learn more about sales here :
brainly.com/question/15375944

#SPJ4

7 0
1 year ago
Other questions:
  • A new machine with a purchase price of $109,000, with transportation costs of $12,000, installation costs of $5,000, and special
    5·1 answer
  • This department administers the food stamp program which provides coupons to needy families to increase their food purchasing po
    9·1 answer
  • A country that currently does not trade with other countries could benefit by a. not restricting trade. b. restricting both impo
    9·1 answer
  • The federal government wants more people to buy hybrid or electric cars. Currently, they are more expensive than cars fueled by
    5·1 answer
  • Francois pays a lot of attention to the environment outside his company, staying alert for long-run opportunities and problems a
    13·1 answer
  • On June 1, 2019, the City of Allentown, PA issued at par, a ten-year, 5.5%, $5,000,000 in serial bonds, with interest payable se
    13·1 answer
  • As the supply of Blu-Ray players has increased over the years and the price of Blu-Ray players has dropped, the _____.
    7·1 answer
  • Both UTech Inc. and Mirco Corp. incur a cost of $200 to manufacture a single unit of a cell phone. However, UTech Inc. charges a
    13·1 answer
  • Carter Production, Inc.'s required production for the first six month of the year is as follows. Month Required Production Janua
    5·1 answer
  • If you were a cosmetologist working in a spa and were 15 minutes late for your first appointment, how would that impact those yo
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!