Answer:
Bid-ask spread.
Explanation:
The difference between the price at which a dealer is willing to buy and the price at which a dealer is willing to sell, is called the bid-ask spread.
Simply stated, the bid-ask spread refers to the amount by which the bid price by a dealer is lower than the ask-price for a security or an asset in the market at a specific period of time.
The bid-ask spread exists because of the need for dealers to cover expenses and make a profit. A bid-ask spread is use in the transaction of the following items; options, future contracts, stocks, and currency pairs.
Generally, a dealer who is willing to sell an asset or securities would receive a bid price while the price at which the dealer is willing to sell his asset to another dealer (buyer) is the ask price.
<em>Hence, the bid-ask spread is simply the difference between the ask price and the bid price. Therefore, a bid-ask spread is a measure of the demand and supply for an asset; where demand represents the bid while supply represents the ask for an asset. </em>
Answer:
The correct answer is letter "B": A gift inter vivos.
Explanation:
A gift inter-vivos refers to the transfer of a property from one party to another while the donor is alive. This transfer must be celebrated through a written agreement providing the beneficiary absolute ownership of the property. In such a case, the donor cannot request the property back and gives up any right over it.
The beneficiary must accept the gift for the transfer to be complete and if the property has value, the beneficiary will accept it as well.
<em>The issue between Tina and Becca relies on not having signed any document for the transfer of the diamond ring but they are involved in an inter-vivos gift.</em>
Answer:
Savings in fixed costs= 30,800
Explanation:
Giving the following information:
Prockets Inc. just eliminated a product that had yearly sales of $120,000, yearly variable expenses of $48,000, and yearly fixed expenses of $92,000. By dropping the product, Sprockets increased its company-wide yearly net income by $10,800.
Loss= 120,000 - 48,000 - 92,000= -20,000
By dropping the product:
Savings in fixed costs= 20,000 + 10,800= 30,800
The costs that are clearly associated with specific units or batches of product is called: Direct labor.
<h3>What is direct labor?</h3>
Direct labor are wages and salaries paid to workers whose work can be traced directly to specific products or services. They are wages incurred in order to produce goods or provide services to customers.
Example of direct labor include:
- Assemblers
- Welders
- Painters
Hence, labor costs that are clearly associated with specific units or batches of product because the labor is used to convert raw materials into finished products are called direct labor.
Learn more about direct labor here: brainly.com/question/26371102
Answer:
Rent, expenses
Explanation:
A prepayment may be recorded in prepaid rent, a balance sheet account. The alternative method to record the prepayment is to debit the rent of expense account.
