The Following Stock Transactions Were Completed by the Executive Vice

question 117

Multiple Choice

The following stock transactions were completed by the executive vice president of Vinco,Inc.,a publicly traded corporation: January 12,2016 -EVP sells 100 shares @ $40 per share
May 5,2016 - EVP buys 100 shares @ $20 per share
June 1,2016 - EVP sells 100 shares @ $30 per share
Which of the following statements is correct?

• A)EVP has a short-swing profit of $2,000.
• B)EVP has a net loss of $1,000.
• C)EVP has a short-swing profit of $1,000.
• D)EVP has a short-swing profit of $3,000.

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Definitions:

Minimizing Losses

A strategy or approaches taken to reduce the amount of loss incurred in a business operation or investment.

Price Discrimination

A pricing strategy where identical or largely similar goods or services are sold at different prices by the same provider in different markets or to different segments of consumers.

Senior Citizen Discounts

Discounts offered to elderly individuals, typically those aged 65 and older, to reduce the cost of goods and services for them.

Movie Tickets

The admission passes purchased to view films in theaters.