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Maksim231197 [3]
4 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]4 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

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The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August.
Gekata [30.6K]

Answer:

Results are below.

Explanation:

<u>To calculate the direct material price, quantity, and total variance, we need to use the following formulas:</u>

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (193 - 190)*1,700

Direct material price variance= $5,100 favorable

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (1,680 - 1,700)*193

Direct material quantity variance= $3,860 unfavorable

Total variance= Direct material price variance +/- Direct material quantity variance

Total variance= 5,100 - 3,860

Total variance= $1,240 favorable

<u>To calculate the direct labor efficiency, rate, and total variance; we need to use the following formulas:</u>

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (4,650 - 4,600)*14.5

Direct labor time (efficiency) variance= $725 favorable

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (14.5 - 15)*4,600

Direct labor rate variance= $2,300 unfavorable

Total variance= Direct labor time (efficiency) variance +/- Direct labor rate variance

Total variance=  725 - 2,300

Total variance= $1,575 unfavorable

7 0
3 years ago
Developing and evaluating solutions to reduce the gap between desired process performance and current performance is the final s
leva [86]

Answer: False

Explanation:

The six sigma DMAIC approach for process improvement is a way of improving performance in such a way that it makes the company more profitable as well as improving customer relations and satisfaction.

The DMAIC is an acronym that stands for the the steps in the process as seen in the graph attached.

The above statement about Developing and Evaluating Solutions to make a company perform better is not the final step in the process as it falls under the fourth step, which is to Improve.

The final step is Control. Here the main focus is on preserving what has been achieved. It works by monitoring the situation and ensuring that the process improves if a loophole is spotted.

7 0
3 years ago
Guyssssssss what is 3x8x10? please show your work/ or not POINT GIVEAWAY!!
Yuri [45]
3x8x10: 240
Use calculator
8 0
3 years ago
Read 2 more answers
Procter &amp; Gamble repositioned its Old Spice antiperspirant brand from a deodorant your grandfather might use to a strong, hi
Tema [17]

Answer:

The correct option is reach a new market,option C

Explanation:

The strategy adopted by Procter and Gamble with respect to the deodorant is known as reaching a new market.

Market or market segment in this sense is a group of consumers who share similar characteristics such income level,age, level of education.

There is need to increase revenue and improve shareholders wealth,hence the company has to think out of the box by rebranding  an old product instead of devising a new product that would incur more costs in terms of research and development in order to  appeal to a new group of consumers,thereby increasing revenue overall.

5 0
3 years ago
The written statements that define the extent and quality of work to be done are called the ?
Tresset [83]

Answer:

Specifications.

Explanation:

Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service. Generally, projects are considered to be temporary because they usually have a start-time and an end-time to complete, execute or implement the project plan.

The fundamentals of Project Management are considered universal across most businesses and professions.

The fundamentals of Project Management includes;

1. Project initiation

2. Project planning

3. Project execution

4. Monitoring and controlling of the project

5. Adapting and closure of project.

In project management, the written statements that define the extent and quality of work to be done are called the specifications.

Basically, the specifications of a project or manufacturing process outlines the minimum requirements and quality that are acceptable. Thus, it must be adhered to strictly in order to achieve a successful and desired outcome.

8 0
3 years ago
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