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
Nana76 [90]
3 years ago
12

You would like to buy shares of Sirius Satellite Radio (SIRI). The current ask and bid quotes are $4.30 and $4.27, respectively.

You place a market buy order for 620 shares that executes at these quoted prices. How much money did it cost to buy these shares?
Business
1 answer:
erica [24]3 years ago
5 0

Answer:

$2,666

Explanation:

Given that:

  • Current ask price: $4.30
  • Bid quotes $4.27
  • Market buy order: 620 shares

So, the cost to buy these shares:

Number market buy order * Current ask price/share

= 620*$4.30

= $2,666

Hope it will find you well.

You might be interested in
What are the three reasons that companies import?
Nataliya [291]
D I think I could be wrong lmk
7 0
2 years ago
Walker Telecommunications has a quick ratio of 2.00x, $35,550 in cash, $19,750 in accounts receivable, some inventory, total cur
laiz [17]

Answer:

c) 8.44x

Explanation:

Total current assets = cash + account receivable + inventory

⇔ $79,000 = $35,550 + $19,750 + Inventory

⇒ Inventory = $79,000 - $35,550 - $19,750 = $23,700

The inventory circles based on annual sales = Sales/ inventory = $200,000/ $23,700 = 8.44

3 0
3 years ago
Which are factors that both budget constraint diagrams and production possibilities frontier diagrams highlight
Jobisdone [24]

Answer:

scarcity, tradeoffs, efficiency, and opportunity costs.

7 0
2 years ago
Employers cite dressing inappropriately as one of the biggest mistakes job applicants make in interviews. True or False
IrinaK [193]

Answer:

True

Explanation:

If you dress inappropriately, that is not showing a good first impression. Most, if not all jobs want to have employees that can dress well, cooperate, and work well with others.

6 0
3 years ago
The kenosha company has three product lines of beer mugslong dash​a, ​b, and clong dashwith contribution margins of $ 5​, $ 4​,
Tema [17]

Answer:

break even point in units:

  • a = 11,700
  • b = 46,800
  • c = 35,100

Explanation:

beer mugs          contribution margin         expected sales

a                                $5                                   25,000

b                                $4                                  100,000

c                                $3                                   50,000

fixed costs = $351,000

if the sales proportion remains the same, we can assume a bundle of products = 1a + 4b + 3c (1 for every 25,000 units) whose contribution margin = $5 + $16 + $9 = $30

break even point = fixed costs / bundle's contribution margin = $351,000 / $30 = 11,700 bundles

break even point in units:

a = 11,700

b = 11,700 x 4 = 46,800

c = 11,700 x 3 = 35,100

3 0
3 years ago
Other questions:
  • What are the advantages of a bank savings account?
    10·2 answers
  • What does the federal reserve board of governors control
    13·1 answer
  • Benjamin is an engineer with the Lego Group in Bellund, Denmark, manufacturers of Lego toy construction blocks. He is responsibl
    11·1 answer
  • Adieu Enterprises, based in Toronto, decides to expand into the South American market. To do so, it establishes a separate opera
    11·1 answer
  • Kilian Health Foods has 19 comma 000 shares of $ 3 par common stock​ outstanding, which were issued at $ 14 per share. Kilian al
    15·1 answer
  • Suppose 30% of business majors major in accounting. You take a random sample of 3 business majors. Answer questions 39 and 40: W
    7·1 answer
  • Assuming the wage-employment tradeoff exists, if labor in a particular geographic area is homogeneous and the unionized workers
    13·1 answer
  • For each of the following businesses. what is the likely fixed factor of production that defines the short run?a. Golf courseb. M
    5·1 answer
  • Palmona Co. establishes a $140 petty cash fund on January 1. On January 8, the fund shows $29 in cash along with receipts for th
    6·1 answer
  • A serial process has 4 steps – A (4), B(3), C(3), D(2) – that have to be performed in this order. Numbers in parentheses are the
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!