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
Maksim231197 [3]
3 years ago
7

You would like to buy shares of International Business Machines (BM). The current bid and ask quotes are $103.25 and $103.30, re

spectively You place a market buy-order for 200 shares that executes at these quoted prices. How much money did it cost to buy these shares?
a. $10,330.00
b. $20,650.00
c. $20,660.00
d. None of the options
Business
1 answer:
Natasha_Volkova [10]3 years ago
3 0

Answer:

c. $20,660.00

Explanation:

Given that

Current bid price = $103.25

Ask price = $103.30

Number of shares = 200 shares

By considering the above information, the amount of money for buying these shares would be equal to

= Number of shares × ask price

= 200 shares × $103.30

= $20,660

Since the shares are of buy market order, so we consider the ask price only, instead of the current bid price

You might be interested in
Clayborn Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of b
sattari [20]

Answer:

Clayborn Company

The adjusted cash account balance (debit) should be:

$23,150

Explanation:

a) Data and Calculations:

Cash account balance (debit) $24,525

Bank Statement balance $21,800

Reconciliation issues:

Deposit in transit $ 7,450

Outstanding checks $ 6,100

Bank service fees, not yet recorded by company $ 100

A NSF check from a customer, not yet recorded by the company $ 1,275

b) Adjusted Cash balance:

Cash account balance (debit)  $24,525

NSF check                                     (1,275)

Bank service fees                           (100)

Adjusted cash balance (debit) $23,150

c) Adjusted Bank Statement balance:

Bank Statement balance   $21,800

Deposit in transit                   7,450

Outstanding checks             (6,100)

Adjusted bank statement $23,150

4 0
2 years ago
. If you still donate the $100,000 from Problem 16 today, but ask the college to delay the scholarship payment so that the first
motikmotik

Answer:

The annual scholarship payment = $5,693.25

Explanation:

Data Given:

In this question, we are required to calculate the future value up till 9th year and then  

Donating Amount = $100,000

Time period = 9 years

Note: Here in this question, interest rate is not given without which this question is incomplete. However, I have found similar question on the internet and will be using its interest rate to solve this question for the sake of understanding and concept.

So, the interest we use will be = 4%

Formula for the future value:

FV = Present Value (1 + r)^{n}

Present value = $100,000

n = 9 years

r = 4% = 0.04

FV = 100,000 (1 + 0.04)^{9}

FV = 100,000 x 1.4233118

FV = Future Value = $142,331.18

The annual scholarship payment = FV * r

The annual scholarship payment = 142,331.18 * 0.04

The annual scholarship payment = 5,693.247

The annual scholarship payment = $5,693.25

8 0
2 years ago
Suppose you invest semiannually for 25 years in an annuity that pays 5% interest, compounded semiannually. At the end of the 25
bonufazy [111]

Answer:

$354,500

Explanation:

First find the amount invested ie the Present Value as follows :

n = 25 × 2 = 50

i = 5%

P/yr = 2

Pmt = $0

Fv = $500,000

Pv = ?

Using a Financial Calculator to enter the amounts as above, the Present Value is $145,471

Total Interest = Future Value - Present Value

                      = $500,000 - $145,471

                      = $354,529

Thus interest is $354,500 (nearest hundred dollars).

7 0
3 years ago
A company purchased a computer system at a cost of $25,000. The estimated useful life is 8 years, and the estimated residual val
FrozenT [24]

Answer:

$4,687.50

Explanation:

The computation of the depreciation expense of the second year using the double-declining method is shown below:

First we have to determine the depreciation rate which is given below:

= One ÷ useful life

= 1 ÷ 4

= 12.5%

Now the rate is double So, 25%

In year 1, the original cost is $25,000, so the depreciation is $6,250 after applying the 25% depreciation rate

And, in year 2, the ($25,000 - $6,250) × 25% = $4,687.50

5 0
3 years ago
Gavin is a salesperson for an advertising company. He sells ads to customers directly.
wariber [46]

Answer:

Personal selling.

Explanation:

Promotion is a method of informing and persuading customer to buy product or service or idea. Every company in the market use some or other promotional strategy to penetrate in the market. Corporate have different needs or objective of promotion, like creating awareness, spreading information, increasing sales, increase market share, retaining loyal customer, etc. There are different method of promotion also been used by corporates to achieve their objective according to the budget, time and place of promotion. There are few promotion method used by corporate are: Advertising, sales promotion, personal selling, e-commerce, public relation, and social media.

Personal selling: It is a part of promotional mix, where salesperson sell the product or service to their target customer directly by meeting them personally.

6 0
3 years ago
Other questions:
  • Juanita has a part-time job that pays 12 hour and works about 50 hours every month her withholding are social security 6.2 %medi
    7·1 answer
  • When marginal cost is greater than average​ cost, an increase in output up arrow average cost. When marginal cost is less than a
    12·1 answer
  • Blue Spruce Corp. sells equipment on September 30, 2019, for $17,600 cash. The equipment originally cost $72,700 and as of Janua
    7·1 answer
  • Which of the following is NOT a creative thinking exercise entrepreneurs use to generate ideas?
    10·1 answer
  • The process of following a professional for a day or two to get a taste of what various careers entail and receive in-depth expo
    10·1 answer
  • In the face of demographic pressures dealing with an aging workforce, many employers try to use _____ among their older workers
    7·1 answer
  • Maggie and Nate enter into a contract for the sale of car, but Nate later refuses to deliver the goods. Maggie asks a court to o
    14·1 answer
  • The majority of the public would consider it unethical to increase executive salaries significantly while minimum wage employees
    6·1 answer
  • Mary Beth purchased her primary residence for $280,000.00. As part of the closing procedure, she paid $2,900 in a loan originati
    6·1 answer
  • Who is responsible for the overall function and management of a junior rotc unit?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!