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
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

You might be interested in
The Full Employment and balanced Growth Act of 1978 formally established a specific unemployment target for the economy of
Advocard [28]

The Full Employment and Balanced Growth Act of 1978 formally established a specific unemployment target for the economy of what percentage?

Answer:

4 percent

Explanation:

The Full Employment and Balanced Growth Act of 1978 formally established a specific unemployment target for the economy of 4 percent

The Act also declared that on or before the year 1983 the federal government should achieve an adult unemployment rate of at most 3 percent, a civilian unemployment rate of at most 4 percent, and an inflation rate of at most 3 percent.

Hence, in this case, the correct answer is 4 percent.

7 0
3 years ago
Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Mathers Co. for J
mario62 [17]

Explanation:

The journal entries are as follows

a. Cash $540

         To Account payable $540

(Being the error is recorded)

It is computed below:

= Corrected amount - incorrect amount

= $710 - $170

= $540

b. Bank service charges $20

          To Cash $20

(Being the bank services charges are paid in cash is recorded)

All other information is ignored

5 0
3 years ago
To what extent might the slow service be a source of employee irritation and dissatisfaction
harkovskaia [24]

Answer:

Slow service can be an extension and source of employee irritation and dissatisfaction. In any business, you rely on employees to perform simultaneous tasks. It is a team effort. Good management usually incentives good work.  As a result, when you have an employee or a cluster of employees that are not satisfied the service will more likely be poor. For example, a fast-food restaurant may have two employees that are dissatisfied with the manager. These employees will look for any distraction and will abuse breaks and so forth. The attention to detail will be minimized and items on the menu will be missing something. Finally, the business will suffer in the long run. Customers will complain and the food will have to be prioritized. Customers will leave if it is taking too long. As a team, when one or two slack off the entire team suffers. Think of a football game if two players decide to try and make all the points and fail in doing so. They have jeopardized the potential of winning or producing.

Explanation:

8 0
3 years ago
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The
Sunny_sXe [5.5K]

Answer:

The amount of overhead applied to Job T687 is closest to: $280.

Explanation:

Predetermined rate = Budgeted Overheads / Budget Activity

                                 = $ 425,600 /  30,400

                                 = $14.00 per machine-hour

Applied overheads to job T687 = Predetermined rate × Actual machine hours used

                                                     =  $14.00 × 20

                                                     =  $280

Conclusion :

The amount of overhead applied to Job T687 is closest to: $280.

6 0
3 years ago
Scenario 15.1. Rick works as a marketer at Hasbro. He recently designed an online contest using social media that encouraged fan
ELEN [110]

Answer:

public relations.

Explanation:

Based on the scenario being described within the question it can be said that this campaign is an example of public relations. This term refers to the practice purposely managing the release and spread of information from the company to the public as well as interacting with the society surrounding the company in order to develop a positive image of the company in the minds of the public.

5 0
3 years ago
Other questions:
  • Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 91,000 shares of $5 par common stock. Dur
    5·1 answer
  • Before year-end adjusting entries, Dunn Company's account balances at December 31, 2020, for accounts receivable and the related
    11·1 answer
  • A company can manufacture a product with off-the-shelf hand tools. Fixed manufacturing costs are $1200 for tools and $1.60 manuf
    14·1 answer
  • The Puyer Corporation makes and sells only one product called a Deb. The company is in the process of preparing its Selling and
    10·1 answer
  • All of the following items are considered manufacturing costs except for: * Source: Retired ICMA CMA Exam Questions. Tires for a
    15·1 answer
  • ​Sofia files a suit against Turista Airlines, Inc. Turista responds that it appears from the pleadings that the parties do not d
    12·1 answer
  • When senators decide it is time to vote on a bill, they begin a procedure called a __________ to indicate the time for discussio
    15·2 answers
  • Purchases Journal The following purchase transactions occurred during March for Rehoboth, Inc.:
    11·1 answer
  • Khái niệm giao tiếp trong tổ chức
    9·1 answer
  • La Tortilla is the only producer of tortillas in Santa Teresa. The firm produces 10,000 tortillas each day and has the capacity
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!