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
Basile [38]
4 years ago
12

Kim placed an order with her broker for 750 shares of each of three IPOs being offered this week. Each of the IPOs has an offer

price of $24. The number of shares allocated to Kim along with the closing prices on the first trading day are: Stock Shares Allocated Price A 750 $ 23.15 B 370 27.43 C 260 29.87.What is Kim's total profit on these three stocks at the end of the first day of trading?
Business
1 answer:
AlekseyPX4 years ago
5 0

Answer:

Kim's total profits on the three stocks at the end of the first day of trading is $2157.80

Explanation:

The closing day valuation of stocks needs to be compared with the prices at the IPOs opened that same day to ascertain whether or not a profit has  been made.

The purchase price of IPOs =(750+370+260)*$24

                                                   =$33,120.00

Closing day valuation=($23.15*750+$27.43*370+$29.87*260)

                                    =$35,277.8 0

The total profit on the day's transactions=$35,277.8 0-$33,120.00

                                                                     =$2157.8

The total profits on the three stocks on first day is $2157.8 0

You might be interested in
What does this word Otorhinolaryngologist mean?
miv72 [106K]

Answer:

A medical specialty concerned especially with the ear, nose, and throat and related parts of the head and neck : otolaryngology All antihistamines have at least some drying effects, called anticholinergic properties.

Explanation:

8 0
3 years ago
Which of the following items would typically not be included in the heading of a workpaper?a. Client name.b. Client balance shee
Marina CMI [18]

Answer:

c. Audit firm name

Explanation:

Audit documentation is evidence for the work performed and conclusions drawn in an audit. it also provides a basis with which all future audits can be performed.

the important constituents of the heading of a workpaper:

1. client name

2. client balance sheet dat

3. a descriptive explanatory title.

Therefore, The item that would typically not be included in the heading of a workpaper is Audit firm name

7 0
4 years ago
Suppose we want to estimate household size, where a “household” is defined as people living together in the same dwelling, and s
icang [17]
Asking the elementary students how big their family size is should give a fairly good picture of how many people live under the same roof for their family. Since it is for elementary students chances are that most of the child's siblings would still be at home, though some could be college age and not live at home anymore. Also, though  with the high divorce rate that has been evident at least in the 80's and 90's in North America, some members of the family ie fathers or mothers and some siblings may live in another household. 
5 0
4 years ago
In the PMBOK, the logical groupings of the five project management processes to achieve specific project objectives are called t
cupoosta [38]

In the PMBOK, the logical groupings of the five project management processes to achieve specific project objectives are called the:  project management process groups.

<h3>What are the Project Management Process Groups?</h3>

The project management process groups consist of five groupings known as initiating, planning, executing, monitoring, and closing.

The initiating stage is the stage where the basics of the project are thought out. The planning stage entails structuring the project.

After this, the plan is executed, monitored for progress, and finally closed.

Learn more about the Project Management Process Groups here:

brainly.com/question/8603302

7 0
3 years ago
Suppose a stock had an initial price of $88 per share, paid a dividend of $2.10 per share during the year, and had an ending sha
bogdanovich [222]

Answer:

Percentage total return = 0.1147 or 11.47%

Explanation:

Below is the calculation for a percentage of total return:

The initial price of share = $88

Dividend amount = $2.10

Ending price of share = $96

Use the below formula to find the percentage return:

Percentage total return = [(Ending price - initial price) + Dividend amout] ÷ Initial price

Percentage total return = [(96 - 88) + 2.10] / 88

Percentage total return = 0.1147 or 11.47%

3 0
3 years ago
Other questions:
  • A study suggests that increasing your level of education will result in increased earnings over your life. in this research "inc
    14·1 answer
  • A company is benchmarking against a competitor. The company currently has an average PIIS of 87% on 531 SKUs. The competitor man
    6·1 answer
  • Suppose a bank enters a repurchase agreement in which it agrees to buy Treasury securities from a correspondent bank at a price
    8·1 answer
  • The human resources department of Mevertyn, a public relations firm, decided to stop giving meal coupons to the employees who co
    6·1 answer
  • Steve Jobs of Apple was known as a perfectionist. "My job is not to be easy on people," he said. "My jobs is to take these great
    11·1 answer
  • During the months of January and February, Axe Corporation purchased goods from three suppliers. The sequence of events was as f
    10·1 answer
  • Problem 4-53 (Algo) Special Order (LO 4-1, 2) Unter Components manufactures low-cost navigation systems for installation in ride
    10·1 answer
  • Daniel owns his own computer repair shop. Business has not been good, so Daniel's credit limit has been exhausted, and he needs
    7·1 answer
  • When Ben left the corporate rat race to start his own pottery business, he used some of his retirement savings to finance the bu
    14·1 answer
  • Before conducting marketing research, it is important to establish in advance exactly what problem needs to be solved. True or f
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!