1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vfiekz [6]
3 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]3 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.

You might be interested in
E3-18 Comparing cash and accrual basis accounting and applying the revenue recognition principle Momentous Occasions is a photog
dusya [7]

Answer:

Momentous Occasions

a. Revenue of $1,000 is recognized on April 2, though the cash receipt is recorded on March 3 as deferred revenue.  This means that the recognition occurred on a separate date from when the cash was received.

b. Revenue of $4,100 will be recognized on the date the party is held and not on the February 28 date when the cash was received.  This means that the recognition occurred on a separate date from when the cash was received.

Explanation:

Momentous Occasions is required to recognize revenue on the date the service is performed and not when the cash is received in accordance with the accrual concept, unless it chooses to use the cash basis as a small business.

4 0
3 years ago
Which option identifies the type of budget development represented in the following scenario?
Alexus [3.1K]

Answer:top approach

Explanation:

4 0
2 years ago
Hurry!!#3
Vinvika [58]

Answer:

the industrial revolution ; )

Explanation:

Because in the passage it talks about industries and how the people were changing them,

i also did it on edge!!!

4 0
3 years ago
International investors pulled their funds out of Asia and moved them into mostly the United States. Using the large open econom
Zinaida [17]

Answer:

Policy impact will be positive

Explanation:

When investors pull out their funds from Asian, it will amount to scarcity of funds for developmental purposes. The contrary is the case when such funds are plunged into the US market. Its impact to the economy include:

1. Create more opportunity for development

2. Reduces the interest rate of lending in the society

3. Exchange rate value will decrease just because more of these funds will be used for business transactions

4. The prices of goods will be adjusted to balance the different caused by inflation

7 0
3 years ago
1. Do you think evidence-based management seems like common sense? If so, why wasn’t it advocated earlier? 2. Are there circumst
Tom [10]

1. Evidence-based management seems like common sense initially, but the reality is not that simple. Managers are often hired based on their experience. Therefore, people tend to believe their word more than they would believe some types of concrete evidence. Moreover, even when evidence does not change, it can be interpreted in various ways by different people, making objectivity impossible.

2. Sometimes, evidence-based management might not be the best approach. This would especially be the case in situations where a manager might be very experienced. It might be better to trust the manager's interpretation of events as opposed to what the evidence might suggest.

3. It is unlikely that automated evidence-based management could ever fully replace human decision-makers. This is because automated managers might not be sensitive enough to human matters that are important for a correct interpretation of evidence.

4. I would want to work under this system, as ultimately the system is most likely to lead to efficient outcomes. Moreover, under this system, all workers are treated in the same way.

5 0
3 years ago
Other questions:
  • The projections for a new project show sales of 8,500 units, give or take 5 percent. The expected variable cost per unit is $28.
    13·1 answer
  • Analyze the benefits and the problems posed by the four approaches to the implementation of resource management policies: contro
    5·1 answer
  • Approximately two decades after a "baby boom," one could expect___________.
    15·1 answer
  • The effects of paying a dividend on the basic accounting equation are to a. decrease assets and decrease stockholders' equity. b
    9·1 answer
  • A legal arrangement that allows a married couple to split up officially is known as:
    12·1 answer
  • A professional basketball players' union negotiates a contract that dramatically increases all players' salaries. How would this
    7·1 answer
  • At the beginning of the year, manufacturing overhead for the year was estimated to be $477,590. At the end of the year, actual d
    7·1 answer
  • When several hurricanes hit Florida in 2004, a number of local governments imposed price controls that prevented sellers from ra
    11·2 answers
  • FAW Group is an automobile manufacturer known for producing efficient, durable, and low-priced cars. Recently, the company launc
    5·1 answer
  • Application of science and research the human life environments
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!