The commission for purchasing five round lots of a stock selling for $130 is $65.
<h3>What is round lots of a stock?</h3>
A specified quantity of securities to be traded on an exchange is known as a round lot. In the stock market, a round lot is defined as 100 shares or a bigger number that may be divided in half equally.
1 round lots = 100 shares
5 round lots = 500 shares
The commission structure on a stock purchase is $45 plus $0.04 per share.
For 500 shares, the commission is
= 45 + 0.04×500
= 65
Therefore, the commission for purchasing 500 shares of stock selling for $130 is $65.
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Explanation:
The long-running debate between the ‘rational design’ and ‘emergent process’ schools of strategy formation has involved caricatures of firms' strategic planning processes, but little empirical evidence of whether and how companies plan. Despite the presumption that environmental turbulence renders conventional strategic planning all but impossible, the evidence from the corporate sector suggests that reports of the demise of strategic planning are greatly exaggerated. The goal of this paper is to fill this empirical gap by describing the characteristics of the strategic planning systems of multinational, multibusiness companies faced with volatile, unpredictable business environments. In-depth case studies of the planning systems of eight of the world's largest oil companies identified fundamental changes in the nature and role of strategic planning since the end of the 1970s. The findings point to a possible reconciliation of ‘design’ and ‘process’ approaches to strategy formulation. The study pointed to a process of planned emergence in which strategic planning systems provided a mechanism for coordinating decentralized strategy formulation within a structure of demanding performance targets and clear corporate guidelines. The study shows that these planning systems fostered adaptation and responsiveness, but showed limited innovation and analytical sophistication
Answer: True.
Explanation:
People sometimes have a tendency of doing only what they are told to do or only what they are paid for. This is why most people who progress in a company do so on the basis of having done work that was not in their description, but would have helped the company progress.
It would appear that Marsha's 6 employees are all of the caliber of employees who just do what they are told and nothing more.
For this reason therefore, she would include a stipulation changing the scheme to include careful performance of the other duties before any sales commission can be earned. This way they'll start to do those other things since they are now paid to do so.
Answer:
At least during the last couple of decades, service firms tend to generate sustained growth while manufacturing firms do not.
Explanation:
The last president that recorded a steady manufacturing growth rate was Bill Clinton.
Service firms are growing steadily and probably will continue to do it. While manufacturing firms have been slowing down, their growth rate (if any) is not very large during the past few years and that tendency has increased with the new trade barriers imposed by our government during the last couple of years.
Another thing that helps the growth of service firms is that when manufacturing firms or agricultural firms grow, they need more services, so service firms will grow even more.
Answer:
$25,000
Explanation:
The computation of the financial advantage or disadvantage of accepting the outside supplier’s offer is shown below:
But before that first we have to compute the relevant cost for 25,000 units which is given below:
= (Direct material per unit + Direct labor per unit + Variable manufacturing overhead per unit × number of units manufactured) + (Fixed manufacturing overhead × number of units manufactured × remaining portion applied)
= ($3.9 + $8 + $2.10) × 25,000 units + ($6 × 25,000 units × 1 ÷3)
= $400,000
Now
Financial Advantage (disadvantage) of accepting the outside offer is
= (Relevant cost at 25,000 units - per part price × number of units manufactured) + (Annual rental amount)
= ($400,000 - $18 × 25,000 units) + $75,000
= $25,000
Since this amount comes in positive which signifies the financial advantage
