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REY [17]
3 years ago
11

A Nasdaq-listed stock currently shows an inside market of 15.50 - 15.75, 10 x 10. A broker-dealer that is not a market maker in

the stock simultaneously receives orders from two customers, one to buy 500 shares of the stock at the market, the other to sell 500 shares at the market. Rather than send the orders to a market maker for execution, the broker-dealer matches the two orders with one another at 15.625, and charges each client a commission. This transaction is:
Business
1 answer:
tresset_1 [31]3 years ago
8 0

Answer:

cross trade

Explanation:

In simple words, A cross trade can be understood as a transaction  when purchase and sell requests for the identical instrument are balanced alone without transaction being recorded on the market. Whenever a stockbroker performs matching buy and sell transactions for about the exact securities across several customer accounts plus reports these on an interchange, this is known like a cross transaction.

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a plant asset trade-in with commercial substance means that it changes the company's: multiple choice question. current cash flo
stellarik [79]

We can actually deduce here that a plant asset trade-in with commercial substance means that it changes the company's: Future cash flows.

<h3>What is cash flow?</h3>

In Business, cash flows actually refers to the amount of the net cash and its equivalent that is actually being moved or transferred in and out of the company.

When cash is received by the company or organization, it is said to be cash inflow while the cash that is being spent to run the daily to day activities of the company are known as cash outflow.

Thus, we see that a plant asset trade-in with commercial substance means that it changes the company's  future cash flows. The future cash flow is the expected inflow and outflow of cash in the future.

Learn more about cash flow on brainly.com/question/735261

#SPJ1

3 0
1 year ago
East Publishing Company is doing an analysis of a proposed new finance text. Using the following data, answer Parts a through e.
Alik [6]

Answer:

a. Determine the company’s breakeven volume for this book. •i. In units ii. In dollar sales

total fixed costs = $70,000

variable costs per unit = $16

sales price = $30

contribution margin = $30 - $16 = $14

break even point in units = $70,000 / $14 = 5,000 textbooks

break even point in $ = 5,000 x $30 = $150,000

b. Develop a breakeven chart for the text.

units fixed costs variable costs      total costs     total sales

0         70000                     0                  70000           0

1000 70000          16000          86000      30000

2000 70000         32000         102000      60000

3000 70000         48000          118000      90000

4000 70000         64000         134000     120000

<u>5000 70000         80000         150000       150000 </u>

6000 70000         96000       166000     180000

 

I attached the graph that corresponds to this break even chart.

             

c. Determine the number of copies East must sell in order to earn an (operating) profit of $21,000 on this text.

($70,000 + $21,000) / $14 = 6,500 units

total sales = 6,500 x 30 = $195,000

d. Determine total (operating) profits at the following sales levels: i. 3,000 units •ii. 5,000 units iii. 10,000 units

i. $28,000 loss

ii. no gain/loss, break even point

iii. $70,000 gain

       

e. Suppose East feels that $30.00 is too high a price to charge for the new finance text. It has examined the competitive market and determined that $24.00 would be a better selling price. What would the break even volume be at this new selling price?

new contribution margin = $24 - $16 = $8

new break even point in units = $70,000 / $8 = 8,750 textbooks

3 0
3 years ago
A market:
Katarina [22]
An institution that brings together buyers and sellers.
5 0
3 years ago
Using normal costing, which of the following is false about actual overhead?Select one:a. It is separated into many smaller acco
Natasha2012 [34]

Answer:

d. Actual overhead is recorded to the overhead control account during the period.

Explanation:

Actual overhead -

It is the indirect cost of the factory which have been incurred .

The example of  actual overhead costs are as follows -  

Factory depreciation  ,  Equipment maintenance  , Factory rent  , Production supplies   ,  Factory property taxes  , Production supervisor salaries

hence , from the given options , the false statement is ( d ) .

5 0
3 years ago
Assuming no safety stock, what is the reorder point (R) given an average daily demand of 50 units, a lead time of 10 days, and 6
IceJOKER [234]

Answer:

b. 500

Explanation:

Calculation for the what is the reorder point

Using this formula

Reorder point = d*L

where,

d represent average daily demand = 50

L represent Lead Time = 10 days

Let plug in the formula

Reorder Point = 50*10 = 500

Therefore Reorder Point will be 500

5 0
3 years ago
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