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vfiekz [6]
2 years ago
9

Consider the following limit order book for a share of stock. The last trade in the stock occurred at a price of $70. Limit Buy

Orders Limit Sell Orders Price Shares Price Shares $69.75 800 $69.80 120 69.70 1,100 69.85 120 69.65 800 69.90 200 69.60 200 69.95 120 68.65 900 a. If a market buy order for 120 shares comes in, at what price will it be filled
Business
1 answer:
harkovskaia [24]2 years ago
7 0

Answer:

<u><em>$69.80</em></u>

Explanation:

Note, a market order is an order designed to execute an order immediately by <em>matching the best available price</em> on the sell order list.

When we look carefully at the sell order book, we observe that the only sell order containing the specified quantity of 120 units of shares at a price close to the market price is <u>$69.80.</u> Even though there are other cheaper orders are available, their order quantity does <em>not </em>match the market buy order for the 120 shares and thus would not be filled.

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Stock may be described as:_________
nydimaria [60]

Answer:

a. an ownership interest in the corporation.

Explanation:

Stock refers to the stake of the owners of a corporation in the company.

It is sometimes referred to as shares or owner's equity and the owners of stock are called shareholders.

Stock therefore may be described as an ownership interest in the corporation represented as equity in the financial statement.

Option a is right.

5 0
3 years ago
Smith Company reported pretax book income of $400,000. Included in the computation were favorable temporary differences of $50,0
Hoochie [10]

Answer:

$10,200

Explanation:

The computation of the deferred income tax expense or benefit is shown below:

Favorable temporary difference = $50,000

Less:  Unfavorable temporary difference -$20,000

Net favorable temporary difference $30,000

We assume the tax rate is of 34%

So, the deferred tax expense is

= $30,000 × 34%

= $10,200

By finding out the net favorable temporary difference and then multiplied with the tax rate we can get the deferred tax expense and the same is shown above

3 0
2 years ago
Colors of cars in a mall parking lot is?
juin [17]

Answer: Categorical

Explanation:

Categorical data refers to data that enables variables to be grouped into categories but in such a way that there is no ordering to the categories.

In this scenario, the cars will be grouped by their colors but these colors cannot be ordered by saying that red is higher than blue or yellow is higher than white. It is therefore Categorical data.

6 0
2 years ago
Please help, this is culinary class
Rainbow [258]

Answer: 1. cutlet knife 2.carving 4.steak knife 5. salmon knife 6. Paring

7. Boning 8. Chef's knife 9. peeling knife 10. bread knife

Explanation:

6 0
2 years ago
Read 2 more answers
Volbeat Corp. shows the following information on its 2015 income statement: sales = $255,000; costs = $156,000; other expenses =
PIT_PIT [208]

Answer:

A. $69,855

B. $19,600

C. $5,700

D. $28,000

Explanation:

A. Calculation for the operating cash flow

Using this formula

Operating cash flow = EBIT + Depreciation

First step is to find the EBIT using this formula

EBIT = Sales – Cost – Other expenses - Depreciation

Let plug in the formula

EBIT = 255,000 -156,000 – 7,900 -15,600

EBIT = 75,500

Now let calculate the Operating cash flow using this formula

Operating cash flow = EBIT + Depreciation

Let plug in the formula

Operating cash flow = 75,500 + 15,600 -21,245

Operating cash flow =$69,855

B. Calculation for the 2015 cash flow to creditors

Using this formula

Cash flow to creditor = Redeemed long term debt + Interest

Let plug in the formula

Cash flow to creditor= 4,800 + 14,800

Cash flow to creditor= $19,600

C. Calculation for 2015 cash flow to stockholders

Using this formula

Cash flow to stockholders = Dividends – Issued equity

Let plug in the formula

Cash flow to stockholders= 12,000 – 6,300

Cash flow to stockholders=$5,700

D.If net fixed assets increased by the amount of $28,000 the addition to Net Working Capital will be the same amount of $28,000 reason been NET WORKING Capital has the following :Current assets – Current liability + Fixed asset which are all part of current asset.

7 0
3 years ago
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