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
Answer: Tenant's improvements that are not legally removable are included in the Personal Property of Others Coverage
Explanation:
The false statement about the Building and Personal Property Coverage Form is that "Tenant's improvements that are not legally removable are included in the Personal Property of Others Coverage"
The above is incorrect. This is because the Tenants Improvements and Betterments are not covered under the
Personal Property of Others Coverage but rather, they are covered in the Business Personal Property.
Answer:
The corresponding budgets in column B from which dollar amounts are transferred directly is paired correctly with the budgets listed in Column A.
as shown in the explanation section below
Explanation:
Solution
Given that
COLUMN A COLUMN B
1.Budgeted Income statement – (e)Sales Budget
2.Budgeted Balance sheet – (d)Payables Budget
3.Flow Cash Budget – (a)Direct materials budget
4. cost of goods sold – (b)cost of goods sold Budget
5.production Budget – (c)production Budget
Note: This is the complete question to this example.
Complete question
Identify the budgets in Column B from which dollar amounts are transferred directly in constructing the budgets listed in Column A.
Column A
1. Budgeted income statement
2. Budgeted balance sheet
3. Cash flow budget
4. Cost of goods sold budget
5. Production budget
Column B
a. Direct materials budget
b. Cost of goods sold budget
c. Production budget
d. Payables budget
e. Sales budget
f. Budgeted income statement
Answer:
$359.72
Explanation:
In this case , the gross pay will the pay per hour mulitplied by hours worked.
=46 X $7.82
=$359.72
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