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Andrews [41]
3 years ago
7

A dealer buys 10,000 shares of ABC common at $20 for its inventory. One week later the stock is quoted at $22 - $23, and a custo

mer sells 100 shares to the dealer at a net price of $21. Under the FINRA 5% Policy, a fair and reasonable mark-down is based upon which price?
Business
1 answer:
VashaNatasha [74]3 years ago
6 0

Answer:

$22

Explanation:

According to the FINRA 5% Policy the mark-down if the customer sell must always be calculated from the inside bid price which is here $22 and if the customer is a buyer then the mark-up must be calculated using the inside ask price which is here $23. As the customer here is seller, hence the inside bid price $22 was appropriate here according to the FINRA 5% policy.

FINRA 5% policy says that the broker can not charge commissions, or markups or markdowns which is more than 5% on standard trades.

So the commission of $2 ($23-$21) is not allowed under this rule hence the appropriate price for the stock must be $22 not $21.

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An example of the application of the __________ is the executive who makes salary increase recommendations for key personnel by
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The correct answer is letter "E": anchoring and adjustment heuristic.

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Paris operates a talent agency as a sole proprietorship, and this year she incurred the following expenses in operating her tale
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consider a firm that produces units of output using capital and labor. due to changes in market conditions, it has decided to re
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A firm that produces units of output using capital and labor to determine  its total costs will decline by doing so, the firm will evaluate its:<u> Marginal cost Function .</u>

<u></u>

Option C is correct .

Marginal cost is the change in cost due to producing on excess unit of affair. To determine how big its total cost decline, the establishment will estimate its marginal cost function.

<h3>Marginal cost function :</h3>

Marginal cost represents the gradual costs incurred when producing fresh units of a good or service. It's figured by taking the total change in the cost of producing further goods and dividing that by the change in the number of goods produced.Marginal cost is calculated as the aggregate charges needed to manufacture one fresh good. thus, it can be measured by changes to what charges are incurred for any given fresh unit.<u> Marginal Cost</u><u> = Change in</u><u> Total Charges ÷</u><u> Change in volume of Units Produced.</u>

Question is incomplete ,missing option is given below :

Consider a firm that produces units of output using capital and labor. Due to changes in market conditions, it has decided to reduce its daily output from 5 units to 4 units. To determine how much its total costs will decline by doing so, the firm will evaluate its: Group of answer choices

A.marginal product function

B.average product function

C.marginal cost function

D.average total cost function

E.average variable cost function

Learn more about Marginal cost function :

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