Answer:
b. Short-term loss of $700 and a long-term gain of $900.
Explanation:
August 1, 2018, price per share $50
August 1, 2019, sold 50 shares at $36, resulting in a short term capital loss of ($700)
August 31, 2019, sold 50 shares at $68, resulting in a long term capital gain of $900
If you own a stock for 1 year or less, any gain/loss will be considered short term. If you own a stock for more than 1 year, any gain/loss will be considered long term.
Answer: In the given case, the following indicates an increased risk of misappropriation of assets: <u><em>lack of mandatory vacations for employees performing key functions.</em></u>
Here, employees are a integral part of an organization. They are considered as one of the most vital asset of an organization. Therefore if there are lack of mandatory vacations for employees then there will be an increase in risk of misappropriation of assets.
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Based on the information given the amount of quick assets is $128,694.
Using this formula
Quick assets = Cash + Marketable securities + Accounts receivable
Where:
Cash=$16,106
Marketable securities=$37,992
Accounts receivable=$74,596
Let plug in the formula
Quick assets =$16,106 + $37,992+ $74,596
Quick assets = $128,694
Inconclusion the amount of quick assets is $128,694.
Learn more about quick assets here:brainly.com/question/11209470
