LO.5 Dennis sells short 100 shares of ARC stock at $20 per share on January 15, 2015. He buys 200 shares of ARC stock on April 1, 2015, at $25 per share. On May 2, 2015, he closes the short sale by delivering 100 of the shares purchased on April 1. a. What are the amount and nature of Dennis’s loss upon closing the short sale? b. When does the holding period for the remaining 100 shares begin? c. If Dennis sells (at $27 per share) the remaining 100 shares on January 20, 2016, what will be the nature of his gain or loss?

Aldrich and co. sold goods to donovan on credit. the amount owed grew steadily, and finally aldrich refused to sell any more to donovan unless donovan signed a promissory note for the amount due. donovan did not want to but signed the note because he had no money and needed more goods. when aldrich brought an action to enforce the note, donovan claimed that the note was not binding because it had been obtained by economic duress. was he correct? [aldrich & co. v. donovan, 778 p.2d 397 (mont.)]

Monica needs to assess the slide sequence and make quick changes to it. which view should she use in her presentation program? a. outline b. slide show c. slide sorter d. notes page e. handout

When cell phones were first entering the market, they were relatively large and reception was undependable. all cell phones were essentially the same. but as the technology developed, many competitors entered, introducing features unique to their phones. today, cell phones are only a small fraction of the size and weight of their predecessors. consumers can buy cell phones with color screens, cameras, internet access, daily planners, or voice activation (and any combination of these features). the history of the cell phone demonstrates what marketing trend?