Ask Question
BusinessBusiness
9 August, 12:06

Jack purchased 100 shares of Ford stock on April 22, 2018. If he sells the stock on April 21, 2019, what is the character of the sale?

+4
Answers (1)
  1. 9 August, 14:28
    0
    The sale in this situation is a trading.

    Explanation:

    The buying and selling of stocks for short periods of time is termed trading. This is usually dependent on the stock prices but also on the holding period which goes from 3days to 364days. This period starts as from 3 days because of the 3-day settlement rule which requires that the brokerage firm clears all payments within these days, either for stock bought or sold.

    Any stock held beyong 364 days becomes long term gain and such sale is considered investing.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Jack purchased 100 shares of Ford stock on April 22, 2018. If he sells the stock on April 21, 2019, what is the character of the sale? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What is quality of hire ? A. How much the new hire contributes to the firm. B. How long a new hire stays with the company. C. How long a new hire stays in the entry position. D. How closely a new hire meets the company's needs. E.
Answers (1)
According to lan Redpath and Robert Lickwar, which of the following is correct regarding calculation of the business interest limitation? A. For a C corporation, it is calculated at the stockholder's level. B.
Answers (1)
Dennis Galvan works as a campaigner at Green Earth, an environmental organization. Every month, his organization arranges a team outing where they play disc golf, soccer, and participate in relays and other team-building activities.
Answers (1)
It is the position of the authors of your text regarding corporate crime and corporate ethics that : a. most management situations are clear cut, and, for most middle managers, it is not difficult to make ethical decisions. b.
Answers (1)
A bakery sells 6 different varieties of cupcakes (chocolate, vanilla, red velvet, etc.). How many ways are there to fill a box with 24 cupcakes from the 6 varieties?
Answers (1)
New Questions in Business
Suppose the restaurant industry is perfectly competitive. All producers have identical cost curves and the industry is currently in long-run equilibrium, with each producer producing at its minimum long-run average total cost of $8. a.
Answers (1)
On January 2, 2020, Vaughn Manufacturing traded in an old delivery truck for a newer model. The exchange lacked commercial substance.
Answers (1)
You are at a wedding and are unexpectedly asked to give a toast to the bride and groom. What would you do?
Answers (1)
The fundamental relationship between savings and investment spending in an economy is that: A. savings will increase as investment spending decreases. B. investment spending and savings are always equal. C.
Answers (1)
The best explanation of why Gulf airlines are giving U. S. legacy carriers stiff competition is that the Gulf carriers: A. offer more special deals to business travelers than do the U. S. legacy carriers. B. have taken advantage of U. S.
Answers (1)
Home » Business » Jack purchased 100 shares of Ford stock on April 22, 2018. If he sells the stock on April 21, 2019, what is the character of the sale?
Sign Up Forgot Password?