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3 years ago

What is an important task for a manager of a condominium or cooperative?

1 answer:

4 0

<span>Those who manage condominiums or cooperatives need to make sure they do so in a way that keeps the value up. A condo or cooperative is a high end living area for many and they expect to receive the value they pay for. Managers are trained on how to act professional and keep the condominiums up to date to make sure they attract their intended audience. </span>

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The process of buying an underpriced security and selling an equivalent overpriced security until the prices converge is known a

ipn [44]

The process of buying an underpriced security and selling an equivalent overpriced security until the prices converge is known as arbitrage. This statement is true.

<h3>What Is Arbitrage?</h3>

The arbitrage approach, used in foreign exchange trading, allows investors to lock in profits by simultaneously buying and selling the same security, good, or currency on two different marketplaces. By using this strategy, traders can profit from the disparities in pricing for the same asset across the two different regions that are represented on each side of the trade.

Arbitrage is the practice of purchasing an underpriced security and selling an equivalently-priced asset until the prices converge. Trading on illegal insider knowledge may result in abnormal profits even if the efficient market theory is accurate in a semi-strong sense.

To know more about Arbitrage, refer:

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7 0

1 year ago

The following companies and scenarios are fictional. In each case, you are to demonstrate graphically the change in the model an

SashulF [63]

Answer:

The fact that Becky Bongos sales are falling continually even though they keep decreasing the price shows that <em>the underlying problem is not as a result of the customers' dissatisfaction with price</em>. The underlying problem can be any <em>other factors like not paying attention to customers' needs, poor quality of the commodity, lack of proper marketing, and the presence of a superior competition</em>. The solution is not the reduction of price but rather, a closer look should be paid to these other factors.

7 0

3 years ago

Inventory records for Marvin Company revealed the following: Date Num of units unit cost Mar. 1 Beginning Inventory 1000 7.20 Ma

swat32

Answer:

Ending inventory= $5,040

Explanation:

Giving the following information:

Beginning Inventory= 1000 units for $7.20

Mar. 10: Purchase= 600 units for $7.25

Mar. 16: Purchase= 800 units for $7.30

Mar. 23: Purchase= 600 units for $7.35

Marvin sold 2,300 units.

Under the LIFO inventory method, the ending inventory cost is calculated using the first units incorporated to inventory.

Ending inventory in units= total units - units sold

Ending inventory in units= 3,000 - 2,300= 700 units

Ending inventory= 700*7.2= $5,040

8 0

3 years ago

Anthony Roofing's budgeted manufacturing costs for 50,000 squares of shingles are: Fixed manufacturing costs $30,000 Variable ma

liberstina [14]

Answer:

Total budgeted manufacturing cost = $824,000

Explanation:

The total budgeted manufacturing cost is the sum of the variable and fixed manufacturing cost

The fixed manufacturing cost of $30,000 would be absorbed (i.e charged to the units produced using overhead absorption rate (OAR).

OAR = Budgeted fixed manufacturing cost / Budgeted production squares

= $30,000 / 50,000 squares = $0.6 per square

Absorbed fixed manufacturing cost= OAR × actual production of squares

Absorbed fixed manufacturing cost= $0.6 × 40,000 = $24,000

Variable manufacturing cost = $20.00 × 40,000 =800,000

Total budgeted manufacturing cost = $24,000 + $800,000 = $824,000

Total budgeted manufacturing cost = $824,000

5 0

3 years ago

A company's beginning Work in Process inventory consisted of 37,000 units that were 90% complete with respect to direct labor. A

pychu [463]

Answer:

128,000 units

Explanation:

The calculation of the equivalent units of production using the weighted average method is given below:

= Total units of finished goods × completion percentage + ending work in process units × completion percentage

= 107,000 units × 100% + 42,000 units × 50%

= 107,000 units + 21,000 units

= 128,000 units

Hence, the equivalent units of production of direct labor is 128,000 units.

8 0

2 years ago