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sergeinik [125]
3 years ago
15

Suppose you bought 100 shares of IBM at $200 per share. What is the maximum loss if you place a stop-loss order at $165

Business
1 answer:
Lynna [10]3 years ago
4 0

Answer:

$3,500

Explanation:

Placing a stop-loss order at $165 means that the last amount that the stock traded, it had a price of $165 per share.

Based on that, it is evident that each stock has lost $35 when compared to the price at which the stop-loss order was placed and the initial cost per share of $200.

Loss per share=$200-$165=$35

The loss incurred on 100 shares of IBM=loss per share*number of shares owned

The loss incurred on 100 shares of IBM=$35*100

The loss incurred on 100 shares of IBM=$3,500

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Which of the following was not an effect of the Norris LaGuardia Act?
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7 0
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A company sells a plant asset which originally cost $373000 for $111000 on December 31, 2021. The Accumulated Depreciation accou
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The Accumulated depreciation account had a balance of $144000

<h3>What is Accumulated depreciation?</h3>

Accumulated depreciation is the total amount of a company's asset depreciation, whereas depreciation expense is the amount depreciated for a single period. Depreciation is an accounting entry that represents the decrease in the cost of an asset over its useful life.

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4 0
2 years ago
Curt can be paid in one of two ways for the furniture he sells. Plan​ A: Salary of ​$350 per​ month, plus a commission of​ 10% o
Eduardwww [97]

Answer:

for $16000 plan B is better than A

Explanation:

We are searching for the stage where Plan A's compensation is less than Plan B's compensation.

Plan A < Plan B

 

let total of Curt's sales  be the x,

x is the basis of the commission under Plan A, but the first 5000 of sales are excluded i.e  (x - 5000) from the basis of commissions under Plan B.

 

350 + x(0.10) < 750 + (x - 5000)(0.15)

800 -750 < (0.15) x - 5000(0.15) - (0.10)x

50 < (0.15 - 0.10)x - 750

50+750 < (0.05)x

800 < (0.05)x \frac{800}{(0.05)} < x

16000 < x

5 0
3 years ago
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