An investor purchased 500 shares of common stock, $25 par, for $21,750. Subsequently, 100 shares were sold for $47.50 per share. What is the amount of gain or loss on the sale?
A) $4,350 gain
B) $400 gain
C) $400 loss
D) $16,800 loss
B
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In which of the following types of advertising timing patterns do exposures appear evenly throughout a given period?
A) concentration B) pulsing C) flighting D) continuity E) frequency capping
You must inform a job applicant that he was not selected for the position. Using a sentence such as "We will keep your application in our active file should another position become available for which you are qualified" illustrates a
a. counterproposal. b. bait and switch technique. c. confirmation of priorities. d. consideration of eligibility.
Lilly's Corporation has working capital of $620,000, and Harmon Corporation has working capital of $840,000. Which of the following statements is incorrect?
A. If Lilly Corporation is smaller than Harmon or has lower current liabilities; Lilly could be more liquid than Harmon. B. Since working capital is an absolute amount, other factors such as size of the company and materiality will help to determine liquidity of these two companies. C. Since Harmon's working capital exceeds Lilly's working capital, it is safe to conclude that Harmon is more liquid than Lilly. D. None of these answers is correct.
Set forth the difference between firm commitment underwriting and best-efforts underwriting