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
Which types of postsecondary education are examples of traditional academic education? Check all that apply.
SOVA2 [1]
Associate degree is a 2 year college degree & a Bachelors’s degree. They would be considered a traditional education.

An apprenticeship studies under a master of a trade.

A technical school degree is training in a field specific to what you want to get a job in, like air conditioning repair.
5 0
3 years ago
I need help with this question if someone could please help me.
marusya05 [52]
B is the correct answer.
7 0
3 years ago
Do you believe that managers should be given more autonomy to make personnel decisions such as hiring, appraising, and compensat
Tpy6a [65]

Answer:

The correct answer is: managers should be given less autonomy to make personnel decisions such as hiring, appraising, and compensating subordinates.

Explanation:

The function of management consists of a series of resources that must be observed in order to achieve organizational goals, therefore it is allowed to delegate important functions such as personnel management to a person who in turn must be accountable; For this reason, management must engage in extremely important functions such as obtaining clients, establishing sales strategies, positioning, etc., while the people in charge of each department perform their functions according to the internal regulations of the organization and the other guidelines established in order to ensure that such resources are aligned and allow the achievement of organizational goals.

5 0
3 years ago
On July 31, year 2, Tern Co. amended its single employee defined benefit pension plan by granting increased benefits for service
san4es73 [151]

Answer:

Options Include:

1. Years before Year 1 only.

2. Year 1 only.

3. Year 1 and years before and following Year 1.

<em>4. Year 1 and following years only. is Correct</em>

Explanation:

Prior cost of service is acknowledged whenever a contract is changed to provide added benefits for services previously received by workers.

The amortization of the prior service expense must be acknowledged as an element of the retirement cost during the future service periods of all those workers whom are active on the date of the plan modification and are entitled to receive rewards under the Scheme.

<em>Therefore, prior service costs are expressed throughout the financial statements for Year 1 once the plan was modified and even in the years that follow when it is amortized.</em>

4 0
3 years ago
Which of the following statements is correct?
marusya05 [52]

Did you get the answer I have the same question..

6 0
3 years ago
Read 2 more answers
Other questions:
  • Miller Stores has an overall beta of 1.38 and a cost of equity of 12.7 percent for the company overall. The firm is all-equity f
    11·1 answer
  • Jim (49) and Linda (50) are married and will file a joint return. They have two children, Todd (20) and Traci (15), who both liv
    9·1 answer
  • Capital Chemicals Corp. recently faced a legal hassle following which many process operators resigned voluntarily. The company f
    7·1 answer
  • What is the effect on the labor market of counting marginally attached workers as​ unemployed? If we count marginally attached w
    13·1 answer
  • When Maria, the keynote speaker at a major business leaders' conference, arrived in the middle of the night at the Ritz-Carlton,
    6·1 answer
  • (I don't need this answered, I just wanted to put the correct answers out there for other users)
    14·1 answer
  • The head teller of a bank embezzled $50,000 from the bank. Which insuring agreement in a financial institution bond is designed
    9·1 answer
  • Ralph purchases a porch swing and is assured by the salesperson that it can safely support an adult and hold up to 200 pounds. T
    10·2 answers
  • Formaggio Vecchio announced its regular quarterly cash dividend of $0.20 per share. Currently there are one million shares outst
    11·1 answer
  • 19. An investor has purchased a property that is giving him a 10% rate of return. Potential gross rents total $10,000.00 a month
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!