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
McGraw purchased an antique rocking chair from Tillis by check. The check was dishonored by the bank due to insufficient funds.
LekaFEV [45]

Answer:

Option C is the correct option.

Explanation:

As the rights and obligation of the antique rocking chair are been passed to third party, so the damage caused by the checque been bounced is the monetry consideration agreed between the party to the contract, McGraw and Tellis. So Tellis may recover money damages from McGraw. However there is a special condition that can allow Tellis recover his asset from Rio if the third party knew before purchase of this asset, that the checque paid to Tellis by McGraw was dishonoured but still he contracted with McGraw to acquire the antique rocking chair.

Overall the option C is the correct option with which the case scenario relates.

3 0
3 years ago
Sun Inc. assigns $6,000,000 of its accounts receivables as collateral for a $2 million 8% loan with a bank. Sun Inc. also pays a
meriva

Answer:

The answer is: Assigning accounts receivables as collateral for a bank is not a asset transfer.

Explanation:

Even as the bank offers Sun Inc. with a factoring limit, the accounts receivables are still in the firm's accounting book. The firm has the obligations to go after their debtors for collections. The account receivables are transferred to creditors when a company becomes defaulted or bankrupted.

7 0
3 years ago
Bonita Industries had the following bank reconciliation at March 31, 2020: Balance per bank statement, 3/31/20 $74600 Add: Depos
drek231 [11]

Answer:

$50,400

Explanation:

Cash Balance as per bank statement                        $62,900

[$69700+$25300-$20400+$87600-$99300]

Less: Outstanding checks at April 30, 2020              <u>$12,500</u>

Adjusted Cash balance per bank                               <u>$50,400</u>

So, the cash balance per books at April 30, 2020 is $50,400

5 0
3 years ago
The American Red Cross creates advertisements to encourage people to donate blood. After viewing one, Amanda decided to donate a
mestny [16]

Yes, because the donated blood was exchanged for a feeling of satisfaction

<h3><u>Explanation:</u></h3>

Any organization needs advertising as a major part of making their goods and services move towards consumers. Advertising refers to the act of drawing the attention of people in getting a product or service. A good advertising results in making the consumers purchase that particular product or service or doing certain actions that are being advertised.

In the given example, The American Red cross advertises for making people donate blood. After viewing the ad, Amanda decided to donate her blood. From the given statement, it is concluded that, there is a marketing sense as the donated blood was exchanged for a feeling of satisfaction.

3 0
3 years ago
Which of the following is TRUE regarding a dead weight loss.
nikdorinn [45]

Answer:

I'm pretty sure the answer is A

8 0
3 years ago
Other questions:
  • Which of the following should have the strongest cause and effect relationship with overhead costs? Non-value-added costs. Cost
    6·1 answer
  • The Sunny Hills school district always has a flood of applicants because of the continuous learning opportunities they provide a
    5·1 answer
  • Carlos bought a building for $113,000 in 2012. he added an addition to the building for $26,000. in 2016, he sold it for $212,00
    12·1 answer
  • 30PTSS PLEASE HELP ME IM REALLY BAD AT FINANCE
    13·2 answers
  • Ladder Works has debt outstanding with a coupon rate of 6 percent and a yield to maturity of 6.8 percent. What is the aftertax c
    9·1 answer
  • Suppose that Dr. Reilly owns a medical clinic and enters into a contract to buy 500 tablets of Gensol from Pharzime. The Gensol
    5·1 answer
  • After a fairly short plane ride from new york city, irving found himself on a dusty road with goats, chickens, and motor scooter
    5·1 answer
  • is the sum of all the values that customers exchange for the benefits of having or using a product or service.
    12·2 answers
  • True statement about the relationship between law, ethics, and business
    12·1 answer
  • a) Take a real time example of a company of your own choice working in Pakistan and then discuss the factors that lead to pressu
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!