Answer:
A. <u>Market Order</u>
Explanation:
In a market order, the securities are bought and sold immediately at the current market price prevailing at that time of the day.
Under this, order size is entered such as quantity of stock, the action to be taken i.e buy or sell and no buying/selling rate is mentioned, rather "market" option is checked.
Such market price keeps fluctuating every every moment so the order would be completed at that price which prevailed at that exact moment.
In the given case, the broker upon instructions of the client immediately got the order executed of 500 shares in less than a minute. This is the case of market order wherein the order was executed at current market price.
I believe the answer would be C.
Because you are dividing the dining chairs by the number of workers... That would give you the total amount of chairs that each worker assembled. Then you divide that by the 5 days and you would get the number of chairs that each worker assembled each day.
So, the answer would be C
Answer:
Date Account Title and Explanation Debit Credit
XXXX Cost of goods sold $5,800
To manufacturing overhead $5,800
(Entry for unapplied overhead transfer to cost of goods sold)
An entrepreneur is a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.
Answer:
Yes this sequence of transaction is considered as a day trade.
Explanation:
As per the definition of the day trading, <em>Day trading is defined as the purchase and sale of a security within a single trading day. It can occur in any marketplace but is most common in the foreign exchange (forex) and stock markets.</em>
As per this definition, the trading has to be done such that the purchase and sale is made on the same day. As indicated in the question ,this is the case so the given sequence of transactions is a day trade.
