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
anyanavicka [17]
3 years ago
7

You find that the bid and ask prices for a stock are $12.65 and $13.40, respectively. If you purchase or sell the stock, you mus

t pay a flat commission of $30. If you buy 300 shares of the stock and immediately sell them, what is your total implied and actual transaction cost in dollars?
a. $15
b. $180
c. $165
d. $30
Business
1 answer:
Paladinen [302]3 years ago
3 0

Answer:

$165

Explanation:

When transacting on shares the bid is the price at which you buy shares, while the ask is the price at which you sell shares.

Bid= $12.65

Ask= $13.40

Also remember when buying or selling shares there is a flat commission of $30

So when buying shares = (12.65 * 300) + commission

= (12.65*300) + 30= 3,825

When selling shares = (13.4* 300)-30

= 3,990

Thus net cost= Cost of selling - Cost of buying

= 3,990 - 3,825

= $165

You might be interested in
In monopolistically competitive markets, resources are: Group of answer choices overallocated because long-run equilibrium occur
sasho [114]

Answer: underallocated because long-run equilibrium occurs where price exceeds marginal cost.

Explanation:

Monopolistic competition occurs when there are many firms that are producing products that are differentiated. It should also be noted that one typical characteristics of a monopolistic competition is a large number of firms coupled with low entry barriers.

It should be noted that in monopolistically competitive markets, resources are underallocated because long-run equilibrium occurs where price exceeds marginal cost..

3 0
3 years ago
The Lend-Lease Bill, introduced in Congress: Group of answer choices authorized the president to sell, transfer, lend, lease, or
tankabanditka [31]

Answer:

Authorized the president to sell, transfer, lend, lease, or otherwise dispose of other equipment and supplies to any country whose defense the President deems vital to the defense of the United States.

Explanation:

Lend-Lease Act

This bill was said to come into existence on 11th of March, 1941. The Congress passed the Lend-Lease Act. The legislation gave the President at that time, President Franklin D. Roosevelt the right, powers to sell, transfer, exchange, lend equipment to any country to help it defend itself against the other powers.

It was said that with the Lend-Lease bill stated that country of any kind whose defense the President thinks is very important to the defense of the United States will be given or can be able to receive military equipment, supplies, and other necessary materials even if that country is unable to generate funds to pay for those items.

6 0
3 years ago
When looking for capital, bankers and other lenders will usually feel most comfortable investing in a/an
lilavasa [31]
Existing business with a proven record. When you ask for investments, the lending institution will most definitely ask for your financial track record. They would want to know if you are a good paymaster because they will need the assurance that you can pay them back. Even if you have a really original idea and want to start a new business, there will still be some reservation if you have no track record because the lenders do not know if you are trustworthy or not. Unlike if you already have a proven record that you are a good paymaster, then you at least have proof that you can pay back. 
7 0
3 years ago
Qucation
RUDIKE [14]

As a result of the record amount of grapes, the equilibrium price decreases while the equilibrium quantity increases. Please find attached the required graph.

<h3>What is the impact of the record amount of grapes?</h3>

If there is a record amount of grapes produced, the amount of wine produced would increase. This is because grapes are an input used in the production of wine.

As a result, the supply of wine would increase. This would lead to a shift to the right of the supply curve for wine. the equilibrium price decreases while the equilibrium quantity increases.

To learn more about supply curves, please check: brainly.com/question/26073189

3 0
2 years ago
Justin is taking a class in which he is working on his future career goals. His teacher asked him to write an essay answering qu
morpeh [17]

Answer:

answer b

Explanation:

8 0
2 years ago
Read 2 more answers
Other questions:
  • Below are several transactions for Scarlet Knight Corporation. A junior accountant, recently employed by the company, proposes t
    10·1 answer
  • Raymond owns an Accidental Death and Dismemberment Policy with a principal sum of $50,000, and a capital sum of $25,000. After o
    5·1 answer
  • An important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be ear
    10·1 answer
  • Gross investment includes _____. rev: 04_09_2018 Multiple Choice fixed investment, residential investment, and financial investm
    7·1 answer
  • There are advantages to doing business with just one vendor, and you should always stick to just one if you can
    15·1 answer
  • You are considering to buy a $250,000 property with a 80% LTV ratio and have two mortgage choices: a FRM or a FRM with an IO per
    5·1 answer
  • __________are achieved when the average unit cost of a good or service decreases as the capacity and/or volume of throughput inc
    5·1 answer
  • New issues of municipal short term notes are available in which form?
    9·1 answer
  • Classify the type of data analytics ​(descriptive, diagnostic,​ predictive, prescriptive, or adaptive and​ autonomous) being use
    12·1 answer
  • Discuss which financial management practices are least effective in creating and monitoring an operating budget.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!