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IceJOKER [234]
3 years ago
9

Under IRS rules, if a customer selling shares of stock wishes to use specific identification instead of FIFO for cost basis repo

rting, the broker-dealer effecting the trade must be notified of this no later than:
Business
1 answer:
Eddi Din [679]3 years ago
7 0

Answer:

Settlement Date

Explanation:

The broker is expected to be notified on the date which the cash or assets has been transferred has been completed. The settlement date simply refers to the date that the trade or sales of shares of stock settles, and thus when using specific identification rather than FIFO, the broker dealer must be notified no later than the settlement date for cost basis reporting.

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John Q. Investor manages an equity portfolio with a market value of $3,000,000. The portfolio beta is 1.6. John Q. finds this so
Lubov Fominskaja [6]

Answer:

Portfolio Beta  = 1.2815

Explanation:

given data

market value = $3,000,000

portfolio beta = 1.6

sells = 25

times index = $10

currently trading = 15379

to find out

anticipates that this hedge will reduce the portfolio beta to

solution

we get number of contract to sell is here

number of contract to sell = Portfolio Beta × \frac{Portfolio\ value}{index\ value\ * multiplier}      ......................1

put here value we get

25 = Portfolio Beta × \frac{3,000,000}{15379 * 10}

solve it we get

Portfolio Beta  = 1.2815

7 0
3 years ago
Peg's Manicure Manor did 4,000 sets of nails in 2015 and 4,500 sets of nails in 2016. The price of a set of nails was $20 in 201
Maksim231197 [3]

Answer:

The answers are:

  1. $80,000
  2. $80,000

Explanation:

The nominal GDP includes all the production of final and legal products and services. The real GDP is the nominal GDP adjusted to inflation.

Peg's contribution to nominal GDP in 2015 was $80,000 (4,000 nail sets x $20 per nail set). If 2015 was the base year, in this case real GDP is the same as nominal GDP.

3 0
3 years ago
Read 2 more answers
Which of the following statements is (are) TRUE?
Ede4ka [16]

Answer:

III. If a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.

Explanation:

A perfect competition is characterised by many buyers who sell homogenous products.

All firms in a perfect competition earn zero economic profit in the long run because there are no barriers to entry or exit.

In the long run, equilibrium occurs at: P = LMC = LATC

If demand falls, prices would fall below average total cost and the firm would earn negative profit .

4 0
3 years ago
Would you say that systems that have higher efficiency ratios than other systems will always have higher utilization ratios than
SashulF [63]

Complete Question:

Determine the utilization and the efficiency for each of these situations:

a. A loan processing operation that processes an average of 7 loans per day. The operation has a design capacity of 10 loans per

day and an effective capacity of 8 loans per day.

b. A furnace repair team that services an average of four furnaces a day if the design capacity is six furnaces a day and the

effective capacity is five furnaces a day.

c. Would you say that systems that have higher efficiency ratios than other systems will always have higher utilization ratios than

those other systems? Explain.

Explanation:

It's not (true) actually. Whether the design capacity is comparatively (high), the utilisation could be (low) even though the efficiency was (high).

Utilisation = Output / Design capacity = \frac{17}{10} x 100%

Efficiency = Output / Effective capacity = \frac{7}{8}

Utilisation = \frac{4}{6}

Efficiency  = \frac{4}{5}

U = 1000/2000

e = 1000/1000

4 0
3 years ago
Grouping workers according to their similar skills, resource use, and expertise is called a _______ structure.
Semenov [28]
Not sure about this answer I will think about it
6 0
3 years ago
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