Wiley sold short 100 shares of ACME stock at a price of $80 per share. While the position was open, a dividend of $2 per share was distributed. Wiley covered the short position at $50 per share. What is his total gain, ignoring commissions and borrowing costs?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Wiley sold short 100 shares of ACME stock at a price of $80 per share. While the position was open, a dividend of $2 per share was ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
One of the most important factors in a caregiver's ability to provide quality care is a. knowledge of child development. b. good business sense. c. experience in the field. d. patience.
Answers (1)
Cheyenne Corporation owns machinery that cost $23,600 when purchased on July 1, 2017. Depreciation has been recorded at a rate of $2,832 per year, resulting in a balance in accumulated depreciation of $9,912 at December 31, 2020.
Answers (1)
Suppose a perfectly competitive broccoli farm can produce 35 crates at an output level where marginal revenue equals marginal cost. the price per crate of broccoli is $25 and the average total cost is $30.
Answers (1)
You shouldn't reprimand in public, which would lead only to resentments that may have nothing to do with an employee's infractions.
Answers (1)
The first modern industry to develop and use large quantities of financial statistics to assess and monitor organizational performance was: A. the railroads. B. automobile companies. C. lumber companies. D. steel companies.
Answers (1)
New Questions in Business
Older adults who participated in 20 one-hour video game training sessions with the program lumosity showed reduction in their:
Answers (1)
Which term refers to the age, gender, education, income, family size, career, and residence of the consumer? a. agenda b. demographic c. psychographic d. target audience
Answers (1)
Which of the following are common accounting myths? (Select all that apply.) Select one or more: a. Accounting focuses only on math. b. Accountants focus only on the past. c. Accounting should be taught at culinary schools.
Answers (1)
As you approach potential investors for you new business, it's important to present them with A. a good, solid business plan. B. your goals for lifelong happiness. C. your highest hopes for success. D. a detailed list of your needs.
Answers (1)
Squirrel Co. operates in a lean manufacturing environment. For June production, Squirrel purchased 6,000 units of raw materials at $6.00 per unit on account. The journal entry required to record this transaction is: a.
Answers (1)