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Alik [6]
3 years ago
6

Here is some price information on Fincorp stock. Suppose that Fincorp trades in a dealer market. Bid Ask 55.25 55.50 a. Suppose

you have submitted an order to your broker to buy at market. At what price will your trade be executed
Business
1 answer:
kobusy [5.1K]3 years ago
8 0

Answer:

$55.50

Explanation:

The bid price is $55,25 is the price applicable to investors would intend to sell their investment.

The ask price is $55.50 is the price applicable to investors who wish to acquire the Fincorp stock.

The prices have been computed in such a  way that the broker will always gain, whether an investor is buying or selling his/her stake.

Conclusively, the order given to the broker to buy at market would be executed at the ask price of $55.50, not the other way round.

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For which of the following reasons are capital budgeting decisions important to a business organization? Check all that apply. C
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Answer:

Options a and b are correct.

Explanation:

Capital investments are relatively inexpensive.

Capital investments have multiyear life spans, so mistakes linger for a long time.

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Consider the following scenario. Two friends, Rachel and Joey, enjoy baking bread and making apple pies. Rachel takes two hours
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The correct option is B

Explanation:

3. b) Rachel in specialize in making pies and joey should specialize in making bread.

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Consider the following vignette. Aboard the cruise ship Royal Majesty, a breakfast diner complains to the waiter that the meal i
Nonamiya [84]

Answer:

The correct answer is: D) unreasonable demands

Explanation:

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In these cases, the irrationality of the demand does not fall on the capacities, but on the being itself. In addition, its origin is always in the environment of the person.

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Trade schools are also known as which of the following?
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The answer is A. Vocational Schools
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The following facts apply to the pension plan of Culver Inc. for the year 2017. Plan assets, January 1, 2017 $495,100 Projected
tiny-mole [99]

Answer and Explanation:

The preparation of pension worksheet is shown below:-

                      General Journal entries

Particulars             Annual pension    Cash    Pension Assets/

                                   expenses                         Liabilities

Service cost             $43,700 Dr.

Interest cost              $39,608 Dr.

                              (495,100 × 8%)

Actual return             $52,100 Cr.

Contributions                                       $26,600 Cr.

Journal Entry 31 Dec  $31,208 Dr.      $26,600 Cr.   $4,608 Cr.

Balance 31 Dec 217                                                      $4,608 Cr.

                                       Memo record

                                 Projected benefit obligation        Plant assets

Balance Jan 1 2017     $495,100 Cr.                                 $495,100 Dr.

Service cost                 $43,700 Cr.

Interest cost              $39,608 Cr.

                              (495,100 × 8%)

Actual return                                                                    $52,100 Dr.

Contributions                                                                  $26,600 Dr.

Benefits                    $36,500 Dr.                                   $36,500 Cr.

Balance 31 Dec 217    $541,908 Cr.                                 $537,300 Dr.

4 0
3 years ago
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