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
Lubov Fominskaja [6]
3 years ago
7

If a customer buys $10,000 worth of stock in a cash account, then sells the shares for $12,000 without first paying for the buy

side, and then requests the $2,000 profit, which of the following statements are TRUE?
I. The $2,000 profit cannot be sent to the customer until he pays for the buy side in full.
II. The $2,000 can be sent to the customer, but the account will be frozen for 90 days.
III. If the customer pays for the buy side in full on or before the fifth business day following trade date, status as a frozen account is lifted.
IV. Both trades must be switched to the customer's margin account, where buying and selling in this manner are acceptable practices.
A) III and IV.
B) II and III.
C) I and II.
D) I and III.
Business
1 answer:
katovenus [111]3 years ago
3 0

Answer:

B) II and III.

Explanation:

Based on the information given the statement that are TRUE are II and III

II. The amount of $2,000($10,000-$12,000) which is the profit for the business will be given to the customer but the customer account will have to be frozen or put on hold for 90 days because the customer had not paid for the buy side before selling the shares for the amount of $12,000

III. In a situation where customer paid the amount for the buy side in full either before or after the fifth business day which is the day that follows the trading date, the customer account that had be frozen will be unfrozen or lifted because the buy side amount had be paid in full.

You might be interested in
Unimart Precision Manufacturing
Anarel [89]

Answer:

Results are below.

Explanation:

Giving the following information:

Company 1:

Beginning inventory Merchandise $253,000

Cost of purchases 600,000

Ending inventory Merchandise 153,000

Company 2:

Beginning Finished goods $506,000

Cost of goods manufactured 930,000

Ending Finished goods 147,000

<u>To calculate the cost of goods sold, we need to use the following formula:</u>

<u></u>

COGS= beginning finished inventory + cost of goods manufactured/purchased - ending finished inventory

<u>Company 1:</u>

COGS= 253,000 + 600,000 - 153,000

COGS= $700,000

<u>Company 2:</u>

COGS= 506,000 + 930,000 - 147,000

COGS= $1,289,000

7 0
3 years ago
Should students have more P.E time?
Brut [27]
I feel like we should but your teachers want more education time at my school we have 40 minutes of P.E 
4 0
3 years ago
Read 2 more answers
One of the authors wanted to determine the effect of changing answers on​ multiple-choice tests. she studied the tests given by
Vilka [71]
Ye she’s yensjshiahahs
4 0
3 years ago
Read 2 more answers
Jonas enters into an oral contract with Chelsea to lease his house to her for $100,000. Chelsea pays him $100,000 and moves in.
nevsk [136]

Answer:

Both parties have to continue with the contract since it cannot be rescinded because it has already been executed, Chelsea is living in the house and Jonas received the money. Since they probably will need a written contract for tax purposes, they can sign a contract with the same terms.

7 0
3 years ago
Visit any retail store in your community and request a 20 minutes appointment to interview the owner or manager so that you can
Len [333]

The three objectives in the retail store are:

  • Excellent Customer Service.
  • Boast Brand Awareness.
  • Create or form Brand Loyalty.

<h3>What is average revenue?</h3>

Average revenue is known to be the one that depicts how much revenue exist  per unit of the output.

Marginal revenue is one that connote the increase or boast up that is found in total revenue as it is said to be increasing from one output unit.

Note therefore, that if the three objectives in the retail store are meant, the store will have a lot of customers.

Learn more about  retail store from

brainly.com/question/13480978

#SPJ1

6 0
2 years ago
Other questions:
  • Ben recently lost his job at a major U.S. auto plant in one of the rust belt states. After looking unsuccessfully for work in a
    9·1 answer
  • The interest rate on short-term U.S. government bonds is 4 percent. The risk premium for any asset with a beta = 1.0 is 6 percen
    13·1 answer
  • : Narda Corporation agreed to sell all of its capital stock to Effie Corporation for three monthly payments of $200,000. After E
    5·1 answer
  • Once values and ethical standards have been formally adopted, a company must …….. A. require every employee to memorize the comp
    8·1 answer
  • Knowing the company's strategic plan and understanding the company's financial capabilities is part of the _____ competence requ
    14·1 answer
  • "A customer places an order to sell 100 shares of ABC at the market. The initial execution report shows the trade occurring at $
    12·1 answer
  • Land is considered a resource because it...
    10·2 answers
  • Goods sold On cash Rs 5000 make journal entries<br>​
    11·1 answer
  • Suppose that demand for a good increases and, at the same time, supply of the good decreases. what would happen in the market fo
    14·1 answer
  • Technical skills are the ability to Multiple choice question. perform tasks such as filing tax forms or assembling a keyboard tr
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!