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
Scilla [17]
3 years ago
11

Kim placed an order with her broker for 800 shares of each of three IPOs being offered this week. Each of the IPOs has an offer

price of $30. The number of shares allocated to Kim along with the closing prices on the first trading day are:Stock Shares Allocated Price A 700 $ 29.15 B 430 33.86 C 340 36.43 What is Kim's total profit on these three stocks at the end of the first day of trading? Multiple Choice a. $4,929.50 b. $3,251.00 c. $3,715.40 d. $1,591.20 e. $6,608.00
Business
1 answer:
Ainat [17]3 years ago
8 0

Answer:

B. $3,251

Explanation:

Stock shares × Allocated price = Shares closing price

A 700 ×$ 29.15 =$20,405

B 430 ×33.86=$14,560

C 340× 36.43 =$12,386

Total $47,351

Stock shares × IPO price= Shares IPO price

A 700 ×$30=$21,000

B 430×$30= $12,900

C 340×$30=$10,200

Total $44,100

Total Profits $47,351-$44,100

=$3,251

Therefore Kim's total profit on these three stocks at the end of the first day of trading will be $3,251

You might be interested in
Fenton Manufacturing Company at June 30: Cash in bank account $ 6,455 Inventory of postage stamps $ 74 Money market fund balance
Dmitrij [34]

Answer:

$19,462

Explanation:

The computation of the cash and cash equivalent is shown below:

= Cash in bank account + Money market fund balance + petty cash balance + money orders

= $6,455 + $12,400 + $350 + $257

= $19,462

It includes only cash in bank account, balance in money market, petty cash balance and the money orders

All other information which is given is not relevant. Hence, ignored it

5 0
3 years ago
Suppose a person's utility is only a function of their consumption of diet soda and they do not care which brand, diet coke (dc)
Lera25 [3.4K]

Answer: b). falls from a positive amount to another positive amount

Explanation: Given that diet coke and diet pepsi give the consumer equal level of satisfaction. Diet coke and diet pepsi are substitutes, since, the consumer does not care about consuming diet pepsi and diet coke.  For substitute goods the consumer will buy the cheapest of the two. When pdc (price of diet coke) rises but it remains less than pdp(price of diet pepsi) then the consumption of dc will decrease but it will still be above the consumption of dp. Since it is still relatively less expensive than diet pepsi. So the consumer will buy diet coke than diet pepsi, which means consumption of diet coke, dc falls from one positive amount to another positive amount.

8 0
3 years ago
Which option enables you to grammatical change
snow_tiger [21]

The option of becoming less ignorant and much more focused or thoughtful about your grammar.

5 0
3 years ago
A _________________ is a credit transaction where the money is transferred electronically from the customer's credit card compan
SpyIntel [72]
A. credit transaction
    Your bank would pay the bill then either charge you for using their money or remove it from your "checking account" depends on the way you have it set up

5 0
4 years ago
A party who agrees to act on behalf of another person or party is called a( n ) ________.
IceJOKER [234]
<span>A party who agrees to act on behalf of another person or party is called an agent.</span>
6 0
3 years ago
Other questions:
  • Delta Manufacturing has budgeted the following unit sales: 2019 Units April 25,000 May 40,000 June 60,000 July 45,000 Of the uni
    10·2 answers
  • Problem 2-16 Balance Sheet (LG2-1) Glen’s Tobacco Shop has total assets of $96.4 million. Fifty percent of these assets are fina
    10·1 answer
  • Perceptions for which there are no appropriate external stimuli are called _____, and the most common type among people sufferin
    8·1 answer
  • The Chattanooga Furniture store gets an average of 50 customers per shift. Marilyn Helms, the manager, wants to calculate whethe
    13·1 answer
  • The United States ran large trade deficits during the 1980s and 1990s. How would you determine whether these trade deficits led
    8·1 answer
  • Factors leading to the slow growth of demand in embryonic industries include all of the following except the
    8·1 answer
  • An individual is both an appraiser and a real estate broker. What are the individual’s USPAP obligations when preparing listing
    9·1 answer
  • [The following information applies to the questions displayed below.]
    9·1 answer
  • Suggest strategies to succeed in outsourcing its HR services
    7·1 answer
  • If a client is moderately risk averse and has an investment objective of capital preservation, what types and allocation of inve
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!