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mylen [45]
3 years ago
12

"A customer places an order to sell 100 shares of ABC at the market. The initial execution report shows the trade occurring at $

75.50. The firm later discovers that the trade occurred at $75.13. Which statement is TRUE?"
Business
1 answer:
Lostsunrise [7]3 years ago
4 0

Answer: The customer will receive $7,513 less any applicable commissions

Explanation: Based in the description made in the scenario above, with the initial execution report carrying a trade value different from the actual trading value of the shares. Since the error actually occurred in the initial execution report and not in the actual trade bargain, the the customer will receive $75.13 which happens to be the actual trading price as opposed to the $75.50 as reported initially. Hence, the initially issued and faulty execution report is withdrawn and the customer is issued with a corrected copy carrying a value of $75.13.

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Unexpected weather can even have an effect on the business cycle. true or false
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True.................
7 0
3 years ago
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Yeloe Corporation sells 400 shares of common stock being held as an investment. The shares were acquired six months ago at a cos
guajiro [1.7K]

Answer:

a.

Explanation:

Cash (400*40)              Dr.$16,000

Loss on sale of stock investments (400*40-400*600  Dr.$8,000

Stock Investments  (400*60)                                          Cr.$24,000

As the stock was sold $20 below its purchase price therefore $20*400 will be recorded as loss on investments.The loss on investments and Cash will be debited and investments have decreased therefore credited.

6 0
3 years ago
In the aggregate expenditures model if aggregate expenditures equal 800 billion and real GDP equals 600 there is a______________
Llana [10]

Answer:

unplanned inventory accumulation equals -$200 billion.

Explanation:

As we know that

Unplanned inventory equals to

= Real GDP - aggregate expenditures

= 600 billion - 800 billion

= -$200 billion

It shows a difference between the real GDP and the aggregate expenditure

Since the real GDP is less than the aggregate expenditure, so the unplanned inventory should come in negative amount else it comes in a positive amount

4 0
3 years ago
In a period when costs are declining and inventory quantities are stable, the lowest cost of goods sold would be reported by usi
shusha [124]

Answer:

LIFO

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By using LIFO (Last in First Out) inventory valuation will be based on the value of the earliest goods purchased instead of latest goods purchased as in FIFO (First In First Out)

7 0
2 years ago
in the purchase process, once the company's needs have been identified and product specifications have been outlined, the next s
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The next step in the purchase process will be to identify and determine the potential suppliers.

<h3>What is a purchase process?</h3>

It should be noted that that purchasing process simply has to do with the buying of goods and services.

In this case, in the purchase process, once the company's needs have been identified and product specifications have been outlined, the next step would be to identify and determine the potential suppliers.

Learn more about purchase on:

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6 0
2 years ago
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