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
Distinguish between the substitution and income effects of a price change. If a good’s price increases does each effect have a p
vesna_86 [32]
The economics concepts of income effect and substitution effect express changes in the market and how these changes impact consumption patterns for consumer goods and services. The income effect expresses the impact of increased purchasing power on consumption, while the substitution effect describes how consumption is impacted by changing relative prices. Different goods and services experience these changes in different ways. Some products, called inferior goods, generally decrease in consumption whenever incomes increase. Consumer spending and consumption of normal goods typically increases with higher purchasing power, in contrast with inferior goods.



Read more: What's the difference between the income effect and the substitution effect? | Investopedia http://www.investopedia.com/ask/answers/041415/whats-difference-between-income-effect-and-substitution-effect.asp#ixzz4wcsy3IOK
Follow us: Investopedia on Facebook
7 0
3 years ago
The transactions of Spade Company appear below.
s2008m [1.1K]

Answer:

Entries are given

Explanation:

We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.

                                            DEBIT           CREDIT

A. Kacy Spade, owner, invested cash in the company

Common stock                   14250

Cash                                                           14250

B. The company purchased office supplies

Office supplies                      413

Cash                                                              413

C.The company purchased office equipment on credit

Office equipment                 7880

Payables                                                      7880

D.The company received $1,681 in cash

Cash                                       1681

Fees earned                                                 1681

E. The company paid $7,880 cash to settle the payable

Payables                                7880

Cash                                                              7880

F. The company billed a customer $3,021 as fees

Receivable                              3021

fees earned                                                   3021

G. The company paid $520 cash for the monthly rent.

Rental expense                        520

Cash                                                               520

H. The company collected $1,269 cash as partial payment

Cash                                         1269

Receivables                                                    1269

I. The company paid a $1,000 cash dividend to the owner

Retained earnings                  1000

Cash                                                                 1000

5 0
3 years ago
Sparks Fireworks manufactures and sells fireworks. Their raw materials used is $71,500. Their beginning raw materials inventory
algol13

Answer:

The correct answer would be, $70500

Explanation:

Raw Material Turnover means what amount of raw materials is used within a specific period of time. So the raw material turnover would be calculated by adding the beginning inventory with the amount of material used within the period, and then the remaining material will be deducted. So the whole calculations are shown as follows:

Beginning Raw Material Inventory: $5000

Raw Material Used:                $71500

Ending Raw Material Inventory:    $6000

Raw Material Inventory Turnover:

Beginning Inventory + Raw Material Used - Ending Raw Material

= 5000+71500-6000= $70500

7 0
3 years ago
alachi is a manager at a home goods store. he subscribes to theory x. in managing his employees, he is most likely to
RideAnS [48]

Alachi is a manager at a home goods store. he subscribes to theory x. in managing his employees, he is most likely to assume the average worker prefers to be directed.

<h3>What is Management Style?</h3>

There are many management styles and it depends on the mind mindset off employer or manager, a manager with theory X assumes that the employees does not like to work and there needs to be directed, they can only be motivated with salary. While the manager theory Y assumes that the employees like their job and are responsible for the work they do, they need some guidance but are responsible for the work, they can be motivated with appraisals, appreciations and more rewards.

Alachi as a manager is a theory X manager and assumes that the workers prefers to be directed and therefore he would delegate the task and provide the complete guidance to them.

Learn more about Management style at brainly.com/question/27207232

#SPJ1

7 0
1 year ago
A bond's yield to maturity considers the interest earnings and the change in the bond's price while the current yield considers
Anuta_ua [19.1K]

Answer:

intrest earnings

Explanation:

4 0
2 years ago
Other questions:
  • Which of the following included the time period known as the Grand Period of Hotels? the eighteenth century there was no period
    11·1 answer
  • What single characteristic do you think most clearly describes the modern revolution, that is, the coming of modernity? explain
    8·2 answers
  • If the required reserve ratio is 10%, actual reserves are $10 million, and currency in circulation is equal to $20 million, M1 w
    13·1 answer
  • Susan leads a product innovation team. Her team meetings usually involve heated arguments, and many of the team members are know
    14·1 answer
  • XYZ Corporation has declared a rights offering to stockholders of record on Wednesday, November 15th. Under the offer, sharehold
    7·1 answer
  • What is the function of a licensing agreement?
    9·1 answer
  • g If the inflation rate is larger than the nominal interest rate: Group of answer choices the real interest rate is negative the
    13·1 answer
  • The reported net incomes for the first 2 years of Sarasota Products, Inc., were as follows: 2020, $155,500; 2021, $188,100. Earl
    5·1 answer
  • bramble reported total asset s of and net income of for the current year. what is the corrected amount for toal assets and net i
    7·1 answer
  • Career question #35 easy
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!