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Anna71 [15]
3 years ago
8

A customers calls her broker to discuss her account. The broker recommends that the customer buy 500 shares of DEF stock. The cu

stomer tells the broker to do it, and the broker enters the order and gets a trade execution report back less than a minute later. The broker informs the customer that the trade was executed and tells her the price of the trade. This is an example of a:__________.A. Market orderB. Market - Not Held orderC. Limit orderD. Stop order
Business
1 answer:
KIM [24]3 years ago
3 0

Answer:

A. <u>Market Order</u>

Explanation:

In a market order, the securities are bought and sold immediately at the current market price prevailing at that time of the day.

Under this, order size is entered such as quantity of stock, the action to be taken i.e buy or sell and no buying/selling rate is mentioned, rather "market" option is checked.

Such market price keeps fluctuating every every moment so the order would be completed at that price which prevailed at that exact moment.

In the given case, the broker upon instructions of the client immediately got the order executed of 500 shares in less than a minute. This is the case of market order wherein the order was executed at current market price.

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Explanation:

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2 years ago
Development that considers both current and future needs is referred to as______ development
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Answer:

Sustainable

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It should be noted that Development that considers both current and future needs is referred to as sustainable development

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3 years ago
FIllmore Company began operations on Sept. 1 by purchasing $4,400 of inventory and $750 of cleaning supplies. During the month,
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Gross Profit = Sales revenue - Cost of Goods sold

Cost of good sold = Opening stock + Purchases of inventory - Closing stock of inventory

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2 years ago
This activity is important because any business that offers multiple product lines to multiple market segments is faced with the
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3 years ago
Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in uni
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Answer:

485,000 units

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Basically we added the ending finished goods units and deduct the beginning finished goods units to the number of units sold                      

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