Answer: c. $19
Explanation:
Under the FINRA 5% Policy, a fair and reasonable mark-up or commission is based upon the current market price of the stock not how much the dealer bought it for or rather their cost. As such, when the customer buys, which was the case in this scenario, the mark-up is charged on the <em>inside ask price</em> which in this case is $19.
Were the customer to be selling, any mark-downs will be charged on the <em>inside bid price </em>which in this case is $18.
If a sandwich chain, experiments with offering a free bag of chips with its sandwiches. This sandwich chain is in the <u>test marketing</u> stage.
<h3>What is test marketing?</h3>
Test marketing stage can be defined as the stage that is use to know how good or how bad a product is based on the response of the consumer that have use or tasted a product or based on the feedback received.
Most companies tend to make use of test marketing create product awareness or to build brand awareness and to know the reaction of potential customers.
Therefore This sandwich chain is in the <u>test marketing</u> stage.
Learn more about test marketing here:brainly.com/question/9314688
Answer:
10,238.08
Explanation:
Data provided as per the question
Annual payment = $30,000
Implicit lease = 11%
The computation of per equal payment is shown below:-
Four equal annual payment and $1 = 3.10245
Present value = $30,000 × 3.10245
= 93,073.5
First year interest expense = 93,073.5 × 11%
= 10,238.08
Therefore the first year interest expense = 10,238.08 and hence option is not available. Also there is misprint of 11% so I corrected.
