Answer:
a. Your trade will be executed at the bid price of 55.25.
b. Your trade will be executed at the ask price of 55.50.
Explanation:
First note that:
The bid price is the highest price a buyer will pay for a security.
The ask price is the lowest price a seller will accept for a security.
Therefore, we have:
a. Suppose you have submitted an order to your broker to buy at market. At what price will your trade be executed? (Round your answer to 2 decimal places.)
Since you are the buyer, your trade will be executed at the bid price of 55.25. This is because the bid price is the highest price you as a buyer will pay for a security.
b. Suppose you have submitted an order to sell at market. At what price will your trade be executed? (Round your answer to 2 decimal places.)
Since you are the seller, your trade will be executed at the ask price of 55.50. This is beecausee the ask price is the lowest price uou as a seller will accept for a security.
Answer:
$157,986.11
Explanation:
Given that
Amount = $75,000
Number of years = 3
Interest rate = 20%
The computation of the present value is shown below:-
Here we will use the P/A factor which is here
Present value = Amount × (1 + Interest rate)^number of years - 1 ÷ (Interest rate × (1 + Interest rate)^Number of years
= $75,000 × ((1 + 20%)^3 - 1) ÷ (0.20 × (1 + 0.20)^3)
= $75,000 × (0.728 ÷ 0.3456)
= $75,000 × 2.106481481
= $157,986.1111
or
= $157,986.11
Therefore for computing the present value we simply applied the above formula.
Answer:
B. You made a profit of $75.00
Explanation:
shares x ( sale - buy)
20 shares x ( 35 & 1/4 - 31 & 1/2)
20 x (35.25-31.5)
20 x 3.75 = 75
The difference between purchase and sale price is positive, so eahc share yields a gain of $3.75
We multiply this by the amount of shares to determiante the gain
Answer:
350,000
And if done per unit, $3.50
Explanation:
Both sales and variable cost are dependent on the number of units sold.
The sales less the variable cost gives the contribution margin. The contribution margin less the fixed cost gives the net operating income.
The target cost of the product is the difference between the selling price and the anticipated profit.
Target cost per unit
= $6.00 - $2.50
= $3.50
Total Target cost = $3.50 * 100,000
= $350,000
Answer:
The correct answer is (e)
Explanation:
Task identity is a complete system that involves doing a job and specifying every phase and step from start to finish that helps to attain noticeable result and helps to avoid confusion. It not only helps the company to find the best person for a job, but it also allows employees to achieve satisfaction at their job.