Answer:
Market Maker's Net Profit = $850
Explanation:
David will buy the 1,000 shares he wished to buy at the Market Maker's sell price of $34.85 (since he is buying from the Market Maker).
Alexis, will sell her 1,500 shares to the Market Maker at the Market Maker's buy price of $34.
Therefore, excluding any inventory effect, the Market Maker's net profit from David's transaction
= sales price less purchase price
= (1,000 * 34.85) - (1,000 * 34) (the other 500 units the Market Maker purchased from Alexis will be in inventory and will not be considered)
= 34,850 - 34,000
= $850.
Answer: Reminder advertising
Explanation:
A reminder advertising is an advertisement that is designed to remind customers of an existing or well-known product. Reminder advertising is a marketing strategy that usually consist of brief messages that is sent with the aim of reminding the target consumer about a product, or service.
Anheuser-Busch, every December runs television advertisment which features horses pulling a stagecoach that has the Anheuser-Busch logo. This is a reminder advertisement as the company is reminding the people about its products.
Answer: Current yield on the bond = 35.71%
Explanation:
Given that,
Annual interest rate printed on the face of a bond = 25 percent
the face value of the bond = $1,000
the current market price of the bond = $700
Therefore,
current yield on the bond = 
= 
= 35.71 %
Answer:
The correct answer is (C)
Explanation:
Philanthropic foundations are unique and an important part of helping and building a society. Most of the organisations have no money to spend whereas philanthropic foundations have money to spend that makes them unique. Public and government institution support these organisation to help poor and hungry people. Philanthropic foundations are charitable organisations, community foundations etc.
Answer:
The correct answer is C.
Explanation:
Giving the following information:
The Tobler Company had budgeted production for the year as follows:
Quarter 1 2 3 4
Production in units 10,000 9,000 13,000 11,000
4 pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 7,000 lbs. The raw materials inventory at the end of each quarter should equal 9% of the next quarter's production needs in materials.
Direct material 2nd quarter:
Production= 9,000*4= 36,000lbs
Ending inventory= (13,000*0.09)*4= 4,680lbs
Beginning inventory= (9,000*0.09)*4= 3,240lbs (-)
Total= 37,440 lbs
