1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Oduvanchick [21]
3 years ago
10

Dennis sells short 100 shares of ARC stock at $152 per share on January 15, 2020. He buys 200 shares of ARC stock on April 1, 20

20, at $190 per share. On May 2, 2020, he closes the short sale by delivering 100 of the shares purchased on April 1
a. What are the amount and nature of Dennis’s loss upon closing the short sale?
b. When does the holding period for the remaining 100 shares begin?
c. If Dennis sells (at $27 per share) the remaining 100 shares on January 20, 2017, what will be the nature of his gain or loss?
Business
1 answer:
makkiz [27]3 years ago
4 0

Answer: See explanation

Explanation:

a. What are the amount and nature of Dennis’s loss upon closing the short sale?

Sales consideration = $100 × $152 = $15200

Less: Closing Value of Short sales = 100 × $190 = $19000

Short term capital loss = $3800

b. When does the holding period for the remaining 100 shares begin?

The holding period for the remaining 100 shares begin on May 2, 2020, which was when the short sale was closed.

c. If Dennis sells (at $27 per share) the remaining 100 shares on January 20, 2017, what will be the nature of his gain or loss?

Sales consideration = 100 × $27 = $2700

Less: Base value = $19000

Short term capital loss = $16300

You might be interested in
The use of symbols such as charts, graphs, and signs are best classified as * 1 point oral communication written communication v
Verdich [7]

Answer:

visual communication

Explanation:

Communication can be defined as a process which typically involves the transfer of information from one person (sender) to another (recipient), through the use of semiotics, symbols and signs that are mutually understood by both parties.

Generally, there are four (4) main types of communication and these includes;

I. Verbal (oral) communication.

II. Non-verbal communication.

III. Written communication.

IV. Visual communication.

Visual communication can be defined as the use of visual elements and symbols such as charts, graphs, and signs to convey ideas and information that effectively creates meaning to the recipient.

In conclusion, visual communication is strictly based on vision or sight.

6 0
3 years ago
Suppose wood planks wood planks is a substitute substitute in production of wood beams wood beams. upper a decrease a decrease i
Juli2301 [7.4K]

Answer: Decrease, decrease

Explanation: Substitute goods are those goods that are used in place of each other. When the price of a substitute good falls, it becomes more attractive to the consumers. Here, wood planks and wood beams are substitutes to each other. So, when price of wood plank falls, demand for wood beams will decrease, shifting the demand curve to the left. As a result, of this the equilibrium price of wood beams and the quantity of wood beams will also decrease.

7 0
3 years ago
Read 2 more answers
I NEED HELP ASAP please
JulsSmile [24]
Auto Loan - installment, secured, fixed

Credit Cards - installment, unsecured, CBE

Mortgage - installment, secured, variable

Payday loan - CBE, secured, and CBE

Personal loan - installment, unsecured, CBE

Small businesses - CBE, unsecured, CBE

Student loan - installment, unsecured, CBE

I believe that’s right. I’m so sorry if it isn’t.
6 0
4 years ago
Examine the scenarios to determine the protected status, unprotected status, existence, or non-existence of a trade secret.
DedPeter [7]

Answer:

Protected status

Explanation:

In simple words, the trade secret is said to be protected when it has an economic value to the founding company or the company handling it and anyone who is exposed to the information regarding that is legally bound to not to disclose it.

Thus, from the above we can conclude that the given scenario indicates protected status.

6 0
3 years ago
The manager at Seasons Hotel wanted to change the incentive system to offer bonuses tied to the hotel's financial performance, b
Vlad1618 [11]

Answer:

Violated employees personal compact.

Explanation:

The manager at Seasons Hotel wanted to change the incentive system to offer bonuses tied to the hotel's financial performance, but the employees refused to comply. This example shows that the manager has violated employees personal compact which is defined as the formal, social and psychological aspects of the relationships between the workers and the organization. It is termed as the mutual commitments and obligations which are stated and implied between the employer and the employee. Here, the manager has broken and violated that implicitly set rules when he has tried to tie the incentive system with the financial performance of the Hotel which workers can think that will be difficult to get if the Hotel doesn't not perform well.

6 0
4 years ago
Other questions:
  • what statement is true? A. saving are a leakage in the circular flow of income B. Households pay wages to businesses C. Exports
    9·1 answer
  • In an interview with lise saari, former director of global workforce research at ibm, she notes that hr must be a true partner o
    7·1 answer
  • Narchie sells a single product for $50. Variable costs are 60% of the selling price, and the company has fixed costs that amount
    14·1 answer
  • The cost of a completed job in a job-order costing system typically consists of the actual direct materials cost of the job, the
    5·1 answer
  • The accounting principle that requires that the cost flow assumption be consistent with the physical movement of goods is:a. cal
    7·1 answer
  • Inicell Inc., an American camera manufacturing company, wanted to import a few camera parts from Ruelia, an Asian company. Howev
    14·1 answer
  • sells authentic Amish quilts on her website. Suppose Sally expects to sell 1 comma 800 quilts during the coming year. Her averag
    12·2 answers
  • Kirby subscribed to purchase 100 shares of stock to be issued by Globule, Inc., an already existing corporation. Globule accepte
    5·1 answer
  • Which of the following describes what is identified by a supply schedule?
    14·2 answers
  • The invisible hand refers to the Multiple Choice fact that the U.S. tax system redistributes income from rich to poor. fact that
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!