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Tems11 [23]
3 years ago
11

"A market maker enters a quote of $20.50 Bid; $21.00 Ask; with a size of "5 x 5" into the NASDAQ System. If a market order to bu

y is entered into the system for 1,500 shares, and this dealer's quote is matched, the market maker will be obligated to sell:"
Business
1 answer:
belka [17]3 years ago
3 0

Answer: 500 shares at $21.00

Explanation:

A market maker is one who buys and then sells security from which the stated market is made into, and using the account of the the firm. It should be noted that a market order to buy will have to be matched in sequence.

Therefore, if a market order to buy is entered into the system for 1,500 shares, and this dealer's quote is matched, the market maker will be obligated to sell 500 shares at $21.00.

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A magazine company's Unearned Revenue account had a balance of $12,700 on January 1, 2013. On December 31, 2013, as part of the
crimeas [40]

Answer:

The  amount of cash received by the magazine company as advance payments from customers during the year 2013 must have been $14,400.

Explanation:

Let cash received from customers be x :

$12,700 + x - $14,800 = $12,300

                                  x = $14,400

Therefore, The  amount of cash received by the magazine company as advance payments from customers during the year 2013 must have been $14,400.

8 0
3 years ago
Tennot Inc. sells used cars. It focuses solely on low-income customers who prefer to buy an old car rather than a new one. There
skad [1K]

Answer:

concentration targeting strategy

Explanation:

Based on the information provided within the question it can be said that Tennot Inc. most likely uses a concentration targeting strategy. This is a type of strategy in which the company focuses a single specific market segment to put all their efforts into. Which in this scenario Tennot is focusing on the old car market segment and targeting low income customers with these cars.

3 0
3 years ago
Your company manufactures small kitchen appliances. It is introducing a new product line of appliances in designer colors with d
zepelin [54]

Answer:

B. Progressive elaboration

Explanation:

Progressive Elaboration is done for a specific project and then such planning is thoroughly descriptive and detailed, and the management tends to develop the plan more and more with each day, make it more accurate for the project.

In the given instance, since there is a requirement to know all the features along with characteristics of the project properly, the technique to be followed is Progressive Elaboration as all the detailed work will be done, and will be revised accordingly.

Therefore, the correct option is:

B. Progressive elaboration

6 0
3 years ago
Ceteris paribus, for the owner of a sawmill, lumber and the sawdust that go into particle board are
Katyanochek1 [597]
<span>Ceteris paribus, for the owner of a sawmill, lumber and the sawdust that go into particle board are </span><span>complements in production; by-products. C</span>eteris Paribus<span> is a Latin phrase meaning "all other things remaining equal".  It is commonly used in economics.  </span>
6 0
3 years ago
Aaron Company uses the periodic inventory cost flow method. If Aaron's ending inventory is understated due to an accounting erro
cestrela7 [59]

Answer:

a. net income= understated, retained earnings= understated

Explanation:

In accounting and auditing it is established that ending inventory and net income moves in the same direction when it comes to being overstated or understated. That implies that if <u>ending inventory is understated</u>,  then cost of goods sold will be overstated by the same amount, and when costs are overstated it finally leads to <u>net income and gross profit being understated.</u>

Furthermore, since it is the net income that will be added to retained earnings thereafter, it implies that the lesser the net income the lesser will be retained earnings. Hence, understatement of ending inventory is understatement of net income and also retained earnings.

4 0
3 years ago
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