All categories

2 years ago

What was the opening price of Dow Jones Industrial Average on May 30, 2017 in the format of XXXXX.XX?

Business

1 answer:

Gemiola [76]2 years ago

6 0

Answer:

Dow Jones Industrial Average on May 30, 2017:

According to valueline.com, the Dow Jones Industrial Average on May 30, 2917 closed at 21029.47 Down 50.81.

Closing index = 21029.47

plus down movement =50.81

Opening index = 21080.28

This implies that the opening price was 21080.28.

Explanation:

The Dow Jones Industrial Average measures the stock performance of 30 large companies listed on stock exchanges in the United States. It is a stock price index. Others are the S&P 500 Index and the NASDAQ.

The opening index represents the day's beginning average price before trading started. During trading, the price must have seen variations, up and down movements. But, at the end of the day's trading, the closing price was reported to be 21029.47 Down 50.81.

From this closing index report, one can infer by adding back, that the opening price was above the closing price by 50.81 or about 51 basis point.

You might be interested in

Carlos opens a dry cleaning store during the year. He invests $30,000 of his own money and borrows $60,000 from a local bank. He

kvv77 [185]

Answer:

$30,000

$6,000

Explanation:

Carlos risk = $30,000

Carlos risk of $30,000 is the amount of funds which he had invested in the course of his business which is why Carlos is not considered at-risk for the nonrecourse loan reason been that carlos is not found liable because the loan was not used in the business which makes him to have a risk of $30,000.

$24,000 loss that occured will reduces Carlos’ amount at-risk to $6,000

($30,000 - $24,000)

=$6,000

5 0

3 years ago

True or false: When units produced are less than units sold, net income under absorption costing will be less than net income co

Oliga [24]

Answer:

True

Explanation:

Generally, net income will be the same under absorption costing and variable costing. However, producing fewer units than units sold will decrease the net income under absorption costing. As whatever the variable cost is under the absorption method, fixed manufacturing overhead remains the same that decreases the gross profit and net income. Under the variable costing, the fixed overhead will be calculated as per the units produced. Therefore, the net income will decrease proportionately.

6 0

2 years ago

Why is it important to empathize with your user?

fredd [130]

Answer:

Empathy is important because it awakens our senses as designers.

7 0

3 years ago

When you catch a fast-moving baseball with your bare hand, a good idea is to catch it so that your hand stops it?

jarptica [38.1K]

You want your hand to "give" a bit when you catch the ball. You don't want want the ball to come to a hard stop because that would risk hurting your hand.

4 0

3 years ago

Broker Bill Butter is working with Buyer Brian Bread and has found a property on which the Buyer wants to place an offer. The pr

earnstyle [38]

Answer:

The answer for this question is B.

5 0

2 years ago