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Ber [7]
3 years ago
12

Marcos owns 1,500 shares of ABC stock which he purchased at $44 a share. The stock has been steadily decreasing in value and he

wants to cut his losses now as he expects the stock price to decline further. Which type of order should Marcos place
Business
1 answer:
ch4aika [34]3 years ago
3 0

Answer:

Market sell order for 1,500 shares

Explanation:

The type of order that Marcos should place is Market sell order for 1,500 shares because he already owns 1,500 shares of the ABC stock in which the ABC stock shares was purchased at $44 per share.

Since the stock has been decreasing in value in which he wants to cut his losses now because the stock price may continue to decrease, the best thing for him to do is to use the Market sell order for the 1,500 shares in order to cut the losses that may arise and to avoid losing all the Total amount of the shares bought which is $66,000 ( 1,500 shares ×$44).

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Mustang Corporation has accumulated the following accounting data for the month of April: Finished goods inventory, April 1$32,4
nataly862011 [7]

Answer:

$128,900

Explanation:

Cost of goods sold calculation

Opening Finished goods inventory                  $32,400

Add cost of goods manufactured                    $122,900

Less Closing Finished goods inventory          ($26,400)

Cost of goods sold                                            $128,900

therefore,

The cost of goods sold for the year is $128,900.

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Answer:

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3 years ago
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I hope the answer will help you. 
7 0
4 years ago
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Answer:

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