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Sedbober [7]
3 years ago
12

Program trading is defined as automated trading generated by computer algorithms designed to react rapidly to changes in market

prices. Is it ethical for investment banking houses to operate such systems when they may generate trade activity ahead of their brokerage customers, to which they owe a fiduciary duty?Suppose that you are an employee of a printing firm that was hired to proofread proxies that contained unannounced tender offers (and unnamed targets). Should you trade on this information, and would it be considered illegal?
Business
1 answer:
matrenka [14]3 years ago
4 0

Answer:

no

Explanation:

no

You might be interested in
CompuTronics, a manufacturer of computer peripherals, has excess capacity. The company's Utah plant has the following per-unit c
zavuch27 [327]

Answer:

a. $60.

Explanation:

While computing the relevant cost in case of special order only the variable manufacturing cost is to be considered as it will be changed in special order case.

And the other cot like - fixed manufacturing, variable & fixed selling, traceable fixed administrative cost, etc are not relevant as it remains constant

These costs are not useful for decision making. Hence, it is to be ignored

3 0
3 years ago
James is the new manager of operations at Springfield Motors. To his dismay, he finds the employees coming in late to work, taki
Lena [83]

Answer: Option B                  

                               

Explanation: In simple words, positive reinforcement means motivating someone to perform a job more efficiently and frequently by offering them some reward for doing so. While punishment refers to penalizing someone for any offense.

In the given case, James has been offering the incentives to his employees but have also made a clause to withhold them in case of unprofessional behavior.

Thus, from the above we can conclude that the correct option is B .

4 0
3 years ago
A company is considering investing in a new machine that requires a cash payment of $38,209 today. The machine will generate ann
navik [9.2K]

Answer:

The IRR is 10%.

Explanation:

a) Calculation of Internal Rate of Return (IRR):

We choose a discount rate, say 10% and use it to discount the cash flows to their present values.  If the net present value (NPV) of all the cash flows equals zero, then that discount rate is accepted as the IRR.

b) Without 10% discount rate, the discount factors are for:

1st year = 1.1 (1 + discount rate) raised to power 1

2nd year = 1.21 (1 + discount rate) raised to power 2

3rd year = 1.331 (1 + discount rate) raised to power 3

c) These discount factors will divide the cash inflows for each year:

1st year, NPV = $15,364/1.1 = $13,967.27

2nd year, NPV = $15,364/1.21 = $12,697.52

3rd year, NPV = $15,364/1.331 = $11,543.20

Total NPV of inflows                 = $38,209 approximately

NPV of outflows                         -$38,209

NPV of inflows and outflows      $0

So, the IRR is 10%.

IRR is a capital budgeting metric to measure profitability by using a discount rate which makes the net present value of all cash flows to become zero.  To get a suitable rate, trial and error is involved, or one can make use of educated best guess.

8 0
3 years ago
What might a southern governor do if he or she wanted business to move into his or her state apex?
Dafna1 [17]
Offer a company a tax break
7 0
3 years ago
Read 2 more answers
Prepare a monthly flexible selling expense budget for Cottonwood Company for sales volumes of $300,000, $350,000, and $400,000,
rodikova [14]

Answer:

Sales volumes                            <u>   $300,000  </u>    <u> $350,000 </u>     <u> $400,000</u>

Total selling expenses                <u>  $541,500  </u>    <u>  $595,750 </u>    <u>  $650,000 </u>

Explanation:

Basically, a flexible budget can be described as a budget that adjusts with changes in volume or activity.

Therefore, monthly flexible selling expense budget for Cottonwood Company which adjusts with sales volumes can be prepared as follows:

Cottonwood Company

Monthly Flexible Selling Expense Budget

For the Month .....

<u>Details</u><u>                                                    $                      $                      $      </u>

Sales volumes                             <u>   300,000  </u>        <u> 350,000 </u>     <u> 400,000</u>

<u>Variable selling expenses:</u>

Sales comm. (6% of sales)                18,000              21,000           24,000

Shipping exp. (1% of sales)                 3,000               3,500             4,000

Misc. selling exp. (1.5% of sales)        4,500               5,250             6,000

<u>Fixed selling expenses:</u>

Sales manager's salary                  120,000            120,000         120,000

Advertising expense                       90,000             90,000           90,000

Misc. selling expense                <u>        6,000   </u>       <u>      6,000  </u>      <u>     6,000  </u>

Total selling expenses               <u>   541,500  </u>        <u>  595,750 </u>      <u>  650,000 </u>

8 0
3 years ago
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