1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
natta225 [31]
4 years ago
6

McDonald's stock is now selling for $92 per share. Kim wants to buy 100 shares but only if she can do so at $90 or less. She sho

uld place a(n) A) stop order. B) market order. C) limit order. D) odd-lot order.
Business
1 answer:
Semmy [17]4 years ago
5 0

Answer:

C) Limit Order  

Explanation:

A limit order is used to buy or sell a stock at a specified price within a price range.

Under a buy limit order, the investor would place the highest price limit at which he/she is willing to buy. So such a order can be executed at a specified price and below. So when the price of the security touches the specified price of the limit order, the action (buy) will be immediately exercised and the order will be completed.

Similarly, under sell order, the order can be executed by placing the lowest sell price as limit and anything above.

A limit order specifies and fixes the price range.

In the given case, Kim wants to buy stock of McDonalds at a price of $90 or anything below.

This is a case of a buy limit order.

You might be interested in
The ________ phase of the customer relationship management process is where organizational learning occurs based on customer res
k0ka [10]

Answer:

The<em> <u>analysis and refinement</u></em><u> </u> phase of the customer relationship management process is where organizational learning occurs based on customer response to the implemented strategies and programs.

6 0
3 years ago
Read 2 more answers
A barrel of oil as measured on the oil market is equal to 1.333 u.s. barrels. a u.s. barrel is equal to 31.5 gal. if oil is on t
RoseWind [281]
You need conversion in this problem to solve it. Since you are already given of all the data, you just need to utilize the data to come up with the answer.  You simply have to divide the equivalent units of a barrel with the U.S. barrels and further divide it with the equivalent gallons of U.S. barrel. You can get $2.24 ($94 / 31.5 / 1.33).<span> </span>
7 0
3 years ago
What is the importance of timely leadership action and communication in shaping group culture?
Dmitry [639]

Answer:

Timely leadership and communication are important in shaping group culture.

Explanation:

Communication is important in building a culture it helps leader and pioneers to build up a culture of trust and can without much of a stretch form relationship with workers and different business channels that encourage associations to develop. Timely leadership and communication are two important pillars, that can work together to start a culture that will help an organisation to grow. Interaction with employees, starting group conversations and meetings can help employees to gain confidence, that will lead to a health group culture within an organisation.

8 0
3 years ago
On May 10, Sheffield Corp. issues 2,500 shares of $5 par value common stock for cash at $12 per share.
Murljashka [212]

Answer:

Explanation:

The journal entry to record the issuance of common stock is shown below:

Cash A/c Dr $30,000          (2,500 shares × $12)

    To Common Stock $12,500                 (2,500 shares × $5)

    To  Additional Paid-in Capital in excess of par - Common Stock $17,500

(Being the issuance of stock is recorded and the remaining balance is credited to the additional paid-in capital account)

While issuing the stock, we debited the cash account and credited the common stock and additional paid-in capital account

3 0
4 years ago
A corporation issues $100,000, 10%, 5-year bonds on January 1, 2007, for $95,800. Interest is paid annually on January 1. If the
TiliK225 [7]

Answer:

option a) $10,840

Explanation:

Data provided in the question:

Value of bond = $100,000

Bonds issued = $95,800

Interest = 10%

Time period = 5 years

Now,

yearly amortization of the bond discount = \frac{\textup{Value of bond - Bonds issued}}{\textup{Time period}}

or

=  \frac{\textup{100,000 - 95,800}}{\textup{5}}

or

= $840

Cash payment of interest = $100,000 × 10%

= $10,000

Hence,

the amount of bond interest expense to be recognized in December 31, 2007's adjusting entry = $840 + $10,000

= $10,840

Hence,

The correct answer is option a) $10,840

6 0
4 years ago
Other questions:
  • 1. The 1924 name change from The Computing, Tabulating, and Recording Company to the International Business Machines was done in
    9·1 answer
  • The board of directors of Capstone Inc. declared a $0.60 per share cash dividend on its $1 par common stock. On the date of decl
    15·1 answer
  • As you approach potential investors for you new business, it's important to present them with
    8·2 answers
  • Which of the following comparisons is correct?
    9·1 answer
  • The credit scores of 35-year-olds applying for a mortgage at Ulysses Mortgage Associates are normally distributed with a mean of
    5·1 answer
  • 1. For financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units
    5·1 answer
  • What two things do you need for supply
    5·1 answer
  • (03.02 MC)
    6·1 answer
  • One year ago, Richard purchased 40 shares of common stock for $10 per share. During the year, he received one dividend payment i
    9·1 answer
  • Is/are also called factors of production since they are transformed into output during the production process?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!