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bazaltina [42]
3 years ago
10

A program trade is:_________. A. a trade of 10,000 (or more) shares of a stock. B. a trade of many shares of one stock for one o

ther stock. C. a trade of analytic programs between financial analysts. D. a coordinated purchase or sale of an entire portfolio of stocks. E. not feasible with current technology but is expected to be popular in the near future.
Business
1 answer:
neonofarm [45]3 years ago
6 0

Answer:

The answer is: D

Explanation:

Program trading is the use of computer programs or algorithms to trade a portfolio of stocks at a high frequency and in large numbers. These algorithms, essentially 'machine traders', are created  to make trades on behalf of humans and are anticipated to have more precision and speed than human traders. However, these trades are created, monitored and analysed by human traders. The New York Stock Exchange classifies the coordinated trading of a group of 15 or more stocks with a combined market value of $1, 000, 000 as program trading.

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A company's Cash account shows a balance of $5,600 at the end of the month. Comparing the company's Cash account with the monthl
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Answer:

cash               750 debit

     note receivable         510 credit

    NSF check                 240 credit

-- to record increases of cash from reconciliation --

bank fees expense    44 debit

                       cash                    44 credit

-- to record decreases of cash from reconciliation --

Explanation:

cash account     5,600

bank fees               (44)

NSF                        240

bank collected      510

adjusted cash:   6,306

We adjust based on the unknow information for the company like fees, collection and NFS found. we could also adjust for mistake but for this time, there isn't any.

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