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andreev551 [17]
3 years ago
6

The following stock transactions were completed by the executive vice president of Vinco, Inc., a publicly traded corporation: J

anuary 12, 2016 - EVP sells 100 shares @ $40 per share May 5, 2016 - EVP buys 100 shares @ $20 per share June 1, 2016 - EVP sells 100 shares @ $30 per share Which of the following statements is correct? a. EVP has a short-swing profit of $2,000. b. EVP has a short-swing profit of $1,000. c. EVP has a net loss of $1,000. d. EVP has a short-swing profit of $3,000.
Business
1 answer:
kirza4 [7]3 years ago
4 0

Answer:

d- EVP has a short-term swing profit is $3000

Explanation:

Lets first understand what short-term swing profit is. Short-term swing profit is profit dependent upon a rule normally set by the securities & exchange commission which states that  any profits made by company insiders through the purchase and sale of share/stocks within six months must be returned to the company. Company insiders are people/employees working within the entity mostly having more than 10% of company's shares or employees such as executives, directors and managers.

Now It's not clear from the question what the purchase price of the shares was when EVP sold them on January 12 2016, assuming these shares were purchased at $20, then the short-term swing profit would be $2000 as at January. Then EVP purchases 100 shares at $20 and sells them at $30 per share as at june. The additional short-term swing profit would be $1000 (i.e $30-$20=$10 per share).

Therefore the total short-term swing profit is $3000

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Explanation:

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3 years ago
A study of labor force participation rates of women in the post-World War II period noted:
Andru [333]

The correct answer is C) labor-saving advances in households.

A study of labor force participation rates of women in the post-World War II period noted:

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This is an important factor because new inventions and technology have allowed women to leave the house in order to have an education an enter the job force in the corporate world because they have shown the be very capable to perform jobs in industries and companies, at the highest levels. Today, many families need a double income in the house in order to make a decent living. So it is common to see the father and the mother having a job.

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Consider this explanation too

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