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kotegsom [21]
3 years ago
11

You would like to buy shares of International Business Machines (IBM). The current bid and ask quotes are $103.25 and $103.30, r

espectively. You place a market buy-order for 200 shares that executes at these quoted prices. How much money did it cost to buy these shares?a. $10,330.00 b. $20,650.00 c. $20,660.00 d. None of the options
Business
2 answers:
Komok [63]3 years ago
7 0

Answer:

c. $20,660.00

Explanation:

The current bid and ask quotes are quotes on a single share of stock. The bid price is the price at which buyers are willing to buy a stock while the ask price is the price sellers are willing to sell a stock.

If you would like to buy shares of International Business Machines (IBM), you will do so at the ask price;

Hence cost of shares

= 200 × $103.30

= $20,660

Vanyuwa [196]3 years ago
5 0

Answer:

$20,650.00

Explanation:

In the equity market, when shares are being bought there are usually bids submitted that will determine the buying price, so bid price is the price at which a share is bought. In this case it is $103.25.

When selling shares the price at which it is sold is the ask price.

Therefore the price for buying the IBM shares= Bid price* Quantity

= 103.25 * 200= $20,650

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The answer is D I hope I am right
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A formal written document that describes the nature of a business and how it will operate.
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A business's business plan is a formal written document that outlines the nature of the business and how it will function.

A strategic document that encapsulates your plans for your company is the business plan. It enables you to assess whether your ideas are feasible and whether there is a demand for your goods or services.

Summary/Overview is the main section of the business plan.

A succinct but clear argument (a few phrases or paragraphs) outlining why the company will succeed. The Business Plan's most crucial component since it ties everything together.

<h3>What constitutes a business plan's 7 components?</h3>

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Brief summary.

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5 0
2 years ago
"You purchased GARP stock one year ago at a price of $68.54 per share. Today, you sold your stock and earned a total return of 1
tankabanditka [31]

Answer:

$6.66

Explanation:

18.91% of $68.54 is around $3.62. You would add that to $3.04 to get $6.66, which is the capital gains you received on your investment.This is just for one share/stock.

4 0
3 years ago
Dozen Bakery makes cupcakes and cookies. Dozen gathered the following information for the current year regarding its use of flou
Vilka [71]

Answer:

37 F

Explanation:

Direct materials Quantity variance 597 F

Less: Direct materials Price variance 560 U

Direct materials Flexible Budget variance 37 F

7 0
3 years ago
Dover Co.'s comparative balance sheet indicated that the Equipment account increased by $40,000. Upon further investigation of t
nalin [4]

Answer:

-$62,000

Explanation:

The computation of the net cash flow provided or used by investing activities is shown below:

Cash flow from investing activities

Purchase of an equipment -$70,000

Sale value of the equipment $8,000

Net cash flow used by investing activities -$62,000

The purchase represents the cash outflow therefore it is presented in a negative sign while the sale  represents the cash inflow therefore it is presented in a positive sign

8 0
3 years ago
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