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
Alik [6]
3 years ago
13

An investor who has a margin account with his brokerage firm buys 100 shares of Quick Flip Inc. Later that day, the investor sel

ls 100 shares of Quick Flip Inc. Without other holdings in Quick Flip Inc, would this sequence of transactions be considered a day trade?
Business
1 answer:
Hoochie [10]3 years ago
6 0

Answer:

Yes  this sequence of transaction is considered as a day trade.

Explanation:

As per the definition of the day trading, <em>Day trading is defined as the purchase and sale of a security within a single trading day. It can occur in any marketplace but is most common in the foreign exchange (forex) and stock markets.</em>

As per this definition, the trading has to be done such that the purchase and sale is made on the same day. As indicated in the question ,this is the case so the given sequence of transactions is a day trade.

You might be interested in
Late in the current year, Jolsen Company signed a four-year contract with an advertising agency. Under the contract, Jolsen must
Kamila [148]

Answer:

Tax law uncertainty.

Explanation:

The “Tax law uncertainty” is the correct answer because it can be seen in the question that Congress has disallowed the deductions for advertisement in the future tax years. Since the decisions that the government takes are confidential and only a few people are aware of the decisions before its formal announcement. So the same case is here, Jolsen had a contract of $375000 annually and it will estimate that after obtaining the tax deduction, the advertisement cost will be lower. But the changes in the tax laws result in underestimated after-tax cost by Jolsen.

6 0
2 years ago
Lewis Company sold equipment for $11,000. The equipment originally cost $25,000 in 2014 and $6,000 was spent on a major overhaul
vredina [299]

Answer:

Dr Cash 11,000

Dr Accumulated Depreciation-Equipment 20,000

Equipment 31,000

Explanation:

Preparation of the Journal entry to record the disposition of the equipment

Since we were told that Lewis Company sold

the equipment for the amount of $11,000 in which the Accumulated Depreciation on the equipment to the date of disposal was the amount of $20,000 this means the journal entry to record the disposition of the equipment will be :

Dr Cash 11,000

Dr Accumulated Depreciation-Equipment 20,000

Equipment 31,000

(20,000+11,000)

4 0
3 years ago
Organizational structure refers to formalized patterns of interactions linking Tasks, Technologies and Processes
snow_tiger [21]

Answer:

hyyrdchiknfdfjknvffuonfsrhkknvcdjkbvdhnkvcc

8 0
2 years ago
The stated interest payment, in dollars, made on a bond each period is called the bond's?
kipiarov [429]

The stated interest payment, in dollars, made on a bond each period is called the bond's <u>Coupon.</u>

Payment is the act of giving or being paid money to someone. He tried to get paid for the amount owed to him. [ + of ] [Also + of] Synonyms: Claim, Payment, Relief, Display Synonyms for payment.

For TDS payments, the relevant payment type is defined by the department along with the relevant tax rate, section, payment code, and threshold. When creating a TDS payment type, you can press Ctrl+C and select the required payment type.

A payment method is how a customer pays for a product or service. Physical stores accept payment methods such as cash, gift cards, credit cards, prepaid cards, debit cards, and mobile payments.

Learn more about Payment here brainly.com/question/2151013

#SPJ4

4 0
1 year ago
As of March 12, 2020 the yield to maturity on 30 year US Treasury Bonds was 1.44%. On the same date, the yield to maturity on 30
noname [10]

Answer:

The forecast inflation rate is implied by these interest rates is 1.13%

Explanation:

when dealing with inflation, we have that:

(1 + nominal interest rate) = (1 + real interest rate) * (1 + inflation rate)

                              1.0144 = 1.0031 * ( 1 + inflation rate)

                   inflation rate = 1.0144/1.0031 - 1

                                         = 1.13%

Therefore, The forecast inflation rate is implied by these interest rates is 1.13%

7 0
3 years ago
Other questions:
  • A drug interdiction program that successfully reduces the supply of illegal drugs in the United States likely will
    15·1 answer
  • What steps are recommended for creating a successful person budget?
    11·2 answers
  • Prepare a statement of cash flows using the indirect method for the year ended June 30, 2019. (Amounts to be deducted should be
    6·1 answer
  • Blue Seas Cruiseline offers two types of dinner​ cruises: Regular and Executive. The contribution margin per ticket sold is​ $30
    6·2 answers
  • Coronado Industries uses job order costing for its brand new line of sewing machines. The cost incurred for production during 20
    12·1 answer
  • Prepare a personal budget for one month. Be sure to think through your sources of income and expenses. Be as detailed as you wis
    6·1 answer
  • Money received from issuing bonds payable would be included as part of a company's financing activities on the statement of cash
    8·1 answer
  • The cellular environment and one-piece completion process of Continuous Flow enables organizations to identify and eliminate non
    7·1 answer
  • Please help this is for economics
    11·1 answer
  • The demand for bread in Ahoma City ranges from 100 to 120 tons per day, every day of the year. The demand is easily satisfied on
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!