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4 years ago

Norman Pilbarra submits a market order to buy 400 shares. What is the maximum price that he will pay?

Business

1 answer:

olga nikolaevna [1]4 years ago

5 0

Answer:

The question is missing stock quotes which are found in the attached.

The maximum price that Norman Pilbarra will pay to buy 400 shares is $103.8 per share.

Explanation:

Judging from the attached stock quotes,the first 200 shares offered for sale is $103.5 per share while the next 200 shares is at a price of $103.8.

This then means that the maximum price for 200 shares is $103.8.This information is derived from the ask prices not bid prices since ask price is for sale,whereas bid is for purchase.

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What will maximize the amount of interest you earn ?

Solnce55 [7]

Alright bud so basically what maximizes the amount of interest you can make would be a high interest rate along with a long period of time

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3 years ago

Isabel and Stuart open a money market account to begin saving for the

dangina [55]

Considering the situation described above, this is an example of a "Long-Term investment strategy."

<h3>What is a Long-Term Investment Strategy?</h3>

Long Term Investment Strategy is a type of investment decision in which the investor hopes to reap the rewards later, usually five years or more.

Given that Isabel and Stuart opened a money market account to begin saving for the college expenses of their newborn daughter, which may take an average of 16 years or more before they reap it, this is an example of a "Long-Term Investment Strategy."

Hence, in this case, it is concluded that the correct answer is "Long-term investment strategy."

Learn more about the Investment strategy here: brainly.com/question/25730859

5 0

3 years ago

The Wet Dog Surf Company borrows $27,000 at 5.00% for 10 months. Calculate the total interest amount (rounded to the nearest pen

earnstyle [38]

Answer:

total interest = $1125

Explanation:

given data

principal = $27,000

rate = 5 %

time = 10 months

to find out

total interest

solution

we get here total interest that is express as

total interest = principal × rate × time ....................1

put here value and we get

total interest = $27,000 × 5 % × $\frac{10}{12}$

total interest = $1125

7 0

3 years ago

The provisions of some laws and regulations have a direct effect on the financial statements in determining the reported amounts

balandron [24]

Answer:

Option D is correct.

Explanation:

A manufacturer’s compliance with the occupational and safety code is least likely to have a direct effect on the financial statements of the entity identified.

4 0

3 years ago

Financial Statements of a Manufacturing Firm The following events took place for Sorensen Manufacturing Company during January,

kramer

Answer:

A. income statement for Sorensen Manufacturing Company

Sales $329,500

Less Cost of Sales

Opening Finished Goods Inventory $0

Cost of Goods Manufactured $184,300

Less Finished Goods Inventory ($37,700) $146,600

Gross Profit $182,900

Less Expenses

selling expense ($84,300)

administrative expense ($37,000)

Net Income or Loss $61,600

B. inventory balances at the end of the first month of operations.

Raw Materials Inventory = $15,800

Work In Process Inventory = $58,200

Finished Goods Inventory = $37,700

Explanation:

Raw Materials Inventory Calculation :

Open a Raw Materials T - Account

Debit :

Opening Balance $0

Purchases $68,500

Totals $68,500

Credit:

Used in Production $52,700

Closing Balance (Balancing figure) $15,800

Totals $68,500

Work In Process Inventory Calculation :

Make a Schedule of Manufacturing Cost

Raw Materials $52,700

direct labor wages $78,800

factory overhead $111,000

Total cost of Manufacture $242,500

Less Transfer to Finished Goods ( $184,300)

Work In Process Inventory $58,200

Finished Goods Inventory Calculation :

Transfer to Finished Goods $184,300

Less Cost of Sales ($146,600)

Finished Goods Inventory $37,700

6 0

3 years ago