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.
Answer:
A.
DR Foreign Currency Transaction loss 1,000
CR Accounts Payable (SFr) $1,000
Explanation:
When the transaction was agreed on September 3, 20X8, the exchange rate was;
$0.85 : 1 franc
Therefore the $17,000 was valued at;
= 17,000/0.85
= 20,000 francs
When the transaction was paid for however, on October 10, the Franc had gained on the dollar by;
= 0.9 - 0.85
= $0.05
This means that the dollar got weaker by $0.05 so the company made a loss of
= 20,000 francs * 0.05
= 1,000 francs
This will be recorded as;
DR Foreign Currency Transaction loss 1,000
CR Accounts Payable (SFr) $1,000
Answer:
D, floor that is binding
Explanation:
floor that is binding means that the government sets a required price that is at prive above equilibrium
Answer: C. They choose channels that specialize in the kinds of goods they make.
Explanation:
In selling their goods to the consumers, Manufacturers have to identify the characteristics of various Distribution channels and then pick the one that they fell aligns most to their company.
The specializations of the various Distribution channels determine how the company will sell it's products because they operate in different ways. For example, Direct distribution channels use wholsealers and retail shops whilst Indirect uses online sales for the most part. Some might use Select distribution channels where their goods at only marketed in stores that are known for the type of goods the company sells such as clothes and handbags.
It pays to use a distribution channel that is related to their type of good.