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Tcecarenko [31]
2 years ago
10

Alex bid $24 a share for 500 shares in a Dutch auction for ABC shares of stock. The other bids were $25 for 200 shares, $23 for

600 shares, $26 for 100 shares, and $22 for 500 shares. ABC was seeking the sale of 1,000 shares. What price did Alex have to pay for each share he obtained
Business
1 answer:
Gwar [14]2 years ago
6 0

Answer:

$23

Explanation:

ABC will sell based the lowest bid starting from the highest bid until all the 1,000 shares are allotted downwards as follow:

Number shares to bid of $26 for 100 shares = 100 shares

Number shares to bid pf $25 for 200 shares = 200 shares

Number shares to Alex's bid of $24 for 500 shares = 500 shares

Number shares to bid of $23 for 600 shares = 200 shares

Under Dutch auction, the lowest bid price of all the allotted or successful  bidders will be paid by all the successful bidders.

Since the $23 is the lowest successful bid price,  Alex ad to pay $23 for each share he obtained

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Weight Watchers is a weight-management company with operations in about 30 countries. Consumers buy almost $5 billion of Weight
VARVARA [1.3K]

Answer:

b. competitive advantage.

Explanation:

Competitive advantage -

It is the condition which allows the company or the country to produce services or goods of lower price but of equal level .

It enables the productivity to generate superior margins or more sales in comparison to its own market rivals .  

These are attributed to factors like the cost , branding , the distribution network , customer service , intellectual property and structure .

Hence , from the data of the question , the correct option is ( b ) .

8 0
2 years ago
Heath's company is currently producing 50 units of output. the price of the good is $5 per unit. total fixed costs are $30 and t
kirza4 [7]
Given that <span>Heath's company is currently producing 50 units of output. the price of the good is $5 per unit. total fixed costs are $30 and the average variable cost is $8 at 50 units. this company: </span><span>is experiencing an economic profit of $40.</span>
6 0
3 years ago
Jaycee Jeans sold 40 pairs of jeans at a price of $40. When it lowered its price to $20, the quantity sold increased to 60 pairs
grigory [225]

Answer:

The answer is: A) 0.6

Explanation:

First we will calculate the midpoint for units:

  • change in units = 40 - 60 = -20
  • average units = (40 + 60) / 2 = 50
  • midpoint for units = 20 / 50 = 0.4 (we only use positive numbers)

Now we will calculate the midpoint for price:

  • change in price = 40 - 20 = 20
  • average price = (40 + 20) / 2 = 30
  • midpoint for units = 20 / 30 = 0.67

Finally we divide 0.4 / 0.67 = 0.6

4 0
2 years ago
Which of the following companies has the lowest degree of leverage?
LiRa [457]

The firm with a 20% Debt and 80% Equity has the lowest degree of leverage.

<h3>What is a degree of leverage?</h3>

This means  how much a firm operating income changes in response to a change in sales.

Because the Firm C has a low debt, this means its has the lowest degree of leverage when compared to others.

Therefore, the Option C is correct.

Missing options "90% Debt, 10% Equity

30% Debt, 70% Equity

20% Debt, 80% Equity

50% Debt, 50% Equity"

Read more about degree of leverage

<em>brainly.in/question/8720374</em>

#SPJ1

4 0
2 years ago
Wildhorse Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total
tangare [24]

Answer:

Variable cost per unit= $1.4 per unit

Explanation:

Giving the following information:

Miles Driven Total Cost Miles Driven Total Cost

January: 8,000 $14,120

March: 8,550 $14,979

February: 7,490 $13,495

April: 8,195 $14,490

To calculate the variable cost under the high-low method, we need to use the following formula:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (14,979 - 13,495) / (8,550 - 7,490)

Variable cost per unit= $1.4 per unit

7 0
3 years ago
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