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Nadya [2.5K]
3 years ago
13

You sold short JCP stock at $80 per share. Your losses could be minimized by placing a __________. a. limit-sell order b. limit-

buy order c. stop-loss order d. stop-buy order e. None of the above.
Business
1 answer:
san4es73 [151]3 years ago
3 0

Answer:

The correct answer is letter "D": stop-buy order.

Explanation:

A stop-buy order is an order to purchase a stock at a particular price above its current market price. By placing a stop-buy order, the investor sets the price at which he will buy the stock in advance, thus eliminating the risk of missing the price point, the opportunity to buy a stock with good returns, or covering a short position at a reasonable loss instead of allowing the negative trade balance to rise.

So, <em>setting a stop-buy order will help the trader exit the transaction at a specific price to cover losses of a short position at a reasonable risk rate.</em>

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Why might one doubt that current forms of digital money, such as Bitcoin, will replace more traditional fiat currencies?
NISA [10]

Answer:

The correct answer is (e)

Explanation:

Digital currency, such as bitcoin is out of government’s control. Similarly, the market decides their price and that makes them unpredictable. Likewise, the digital money has various problems that make them different and hard to trust on, such as, they can’t be used as means of payment, the unit of account, store of value and standard value. Because fiat money is equipped with all those advantages, which is why people doubt that current forms of digital will replace traditional money.

7 0
3 years ago
A common error the auditor may find during the audit of property, plant, and equipment is that the client neglected to make a jo
inna [77]

Answer:

In the current case, the CPA checked the initial adjusts of property, plant and gear during his first year of commitment. Presently during his subsequent year, he goes over certain things which may expect him to change his review systems.  

Part  1.

At the point when the associate controller expressed that "they had such a large number of additional items lying around", the CPA would have realized that numerous additional printers and the scanners are there in the organization. As the organization isn't a misfortune making endeavor or scaling down, there is no purpose behind this to occur, other than that the organization has bought new printing and examining hardware.  

Thus, numerous old printers and scanners have gotten out of date and now are lying around being pointless.  

Additionally, as the CPA would have entered the customer office and had introductory conversations with the administration, before beginning of the review strategies, he would have seen the numerous scanners on every representative's work area, yet no printer. That also have cautioned the CPA with respect to the organization's difference in hardware use.  

Part 2.

Presently, as the organization has bought numerous new gear, the review technique which can be included are:  

  • Verify the physical gear with the solicitations being entered in the framework  
  • The sensibility of the new buys  
  • The treatment of the old gear, regardless of whether disposed of and discounted from the books or not  
  • The cost booked in the benefit and misfortune account, for the gear lying around the workplace, yet with no utilization and scrap esteem left  
  • As the organization has rolled out numerous improvements with the benefits of the organization, physical check of the advantages ought to be certainly considered in the review program  

Part 3.

The cost in regards to the new gear in the financials would have furnished the CPA with the data that organization has brought about costs on the new hardware.  

The expanded devaluation cost would have raised the doubt.  

The conversations with the administration about the general working of the organization and the advancement of the organization would have featured this point in the discussion.  

Other than this, irregular voyage through the workplace and conversations with not many of the representatives would have featured this act of the organization to the examiner.

6 0
3 years ago
Sunland Company purchases $50,400 of raw materials on account, and it incurs $61,300 of factory labor costs. Journalize the two
lisabon 2012 [21]

Answer:

A. Mar 31

Dr Raw materials $50,400

Cr Account pay $50,400

B. 31

Dr Factory labour $61,300

Cr Factory wages $61,300

Explanation:

Preparation of the Journal entries for Sunland Company

A. Since we were told that the company purchases the amount of $50,400 of raw materials on account this means that the transaction will be recorded as:

Mar 31

Dr Raw materials $50,400

Cr Account pay $50,400

B. Based on the information given we were told that the company incurs the amount of $61,300 of factory labor costs this means that the transaction will be recorded as:

31

Dr Factory labour $61,300

Cr Factory wages $61,300

6 0
3 years ago
Under the Customer Information Program (CIP) rules, a person's status as a customer equates with account holders. Which activity
Len [333]

Answer:

A

Explanation:

This is because it is only an account under a bank that can purchase a general purpose reloadable prepaid cards with an activated overdraft feature.

6 0
3 years ago
Help pleaseee!
Alika [10]

Answer:

B-reserved requirements

Explanation:

5 0
3 years ago
Read 2 more answers
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