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vladimir1956 [14]
2 years ago
7

You wish to sell short 100 shares of XYZ corporation stock. If the last two transactions were at $34.10 followed by $34.15, you

only can sell short on teh next transaction at a price of
Business
1 answer:
yan [13]2 years ago
6 0

Answer: b. 34.15 or higher

Explanation:

Short sales refer to the sale of borrowed stocks in anticipation that the stock price of the underlying stock will fall. This will then enable you to make a profit by buying the cheaper shares and giving it back to the entity you borrowed from thereby making a profit.

With short sales, the price is usually upward trending so will normally increase from the last price. As the last price here was $34.15, that would be the likely minimum for the next sale.

This means that the next sale will either be at a price of $34.15 or a price higher than that.

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What courses or information would be helpful for a hospitality manager?
choli [55]

Answer:

Travel Attendants.

Lodging Managers.

Meeting, Convention, and Event Planners.

Food Service Managers.

Holiday Counselor.

Explanation:

4 0
3 years ago
Ballard Company incurred a total cost of $8,500 to produce 400 units of pulp. Each unit of pulp required six (6) direct labor ho
Strike441 [17]

Answer:

$4,900

Explanation:

Given that,

Total cost at a production level of 400 units = $8,500

Each unit of pulp requires = 6 direct labor hours

Variable cost = $1.50 per direct labor hour

Total variable cost:

= Cost per direct labor hour × Direct labor hours required for each unit × No. of units produced

= $1.50 × 6 × 400

= $3,600

Total cost is sum total of total fixed cost and total variable cost.

Total cost = Total fixed cost + Total variable cost

$8,500 = Total fixed cost + $3,600

$8,500 - $3,600 = Total fixed cost

$4,900 = Total fixed cost

5 0
3 years ago
All Seasons, Inc. ordered $5,000 worth of Christmas decorations from Santa, Inc. The shipment of decorations was to arrive no la
Leya [2.2K]

Answer:

C. Compensatory damages and consequential damages.

Explanation:

The reason is that the company can only sue Santa for its compensatory damage of paying 15% extra and consequential damages which are only claimable if the party to contract knows that not performing the contract will contribute to consequential damages which are here losses of sales which amount to 25% of sales.

5 0
3 years ago
Read 2 more answers
The use of the concepts of purchasing, procurement, supply, and supply chain management will vary from organization to organizat
IRISSAK [1]

Answer: B. The industry which they operate

Explanation:Different companies carry out the functions of purchasing, procurement and supply differently and these depend on how they operate. For example supply chain in a manufacturing company, it will produce items that will be stored in warehouses and other locations, making the supply chain more complex, on the other hand if it's a Service Provider company which uses a make-to-order business model, there will be no need for storing finished products, Therefore, it is clear that supply chains including procurement , purchasing and supply depend on the nature of the company.

8 0
3 years ago
During the latest month, the company purchased and used 47,000 pounds of direct materials at a price of $1.20 per pound to produ
Nataliya [291]

Answer:

$1400 U

Explanation:

Total direct materials cost variance = (47,000 actual pounds × $1.20 actual cost per pound) − (50,000 standard pounds × $1.10 per pound) = $1,400 unfavorable

5 0
3 years ago
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