Here is a small part of the order book for Mesquite Foods:BidPriceSize110$ 90$89.50220$ 88440$ 86.80 330PriceAskPrice$90.50$90.80Maximum price$91$ 91.50Size220220a. Georgina Sloberg submits a market order to sell 110 shares. What price will she receive?340430b. Norman Pilbarra submits a market order to buy 440 shares. What is the maximum price that he will pay?Note: Round your answer to 2 decimal places.c. Carlos Ramirez submits a limit bid order at 92. Will it execute immediately?YesNo

The bid cost in monetary markets speaks to the most noteworthy cost a buyer is willing to pay for a…

Here is a small part of the order book for Mesquite Foods: Bid Price $ 90 $ 89.50 Size 110 220 Price Ask Price $ 90.50 $ 90.80 $91 $91.50 $ 88 440 $ 86.80 330 a. Georgina Sloberg submits a market order to sell 110 shares. What price will she receive? Maximum price Size 220 220 340 430 b. Norman Pilbarra submits a market order to buy 440 shares. What is the maximum price that he will Note: Round your answer to 2 decimal places. c. Carlos Ramirez submits a limit bid order at 92. Will it execute immediately? O Yes O No

Here is a small part of the order book for Mesquite Foods: Bid Price $ 90 $ 89.50 Size 110 220 Price Ask Price $ 90.50 $ 90.80 $91 $91.50 $ 88 440 $ 86.80 330 a. Georgina Sloberg submits a market order to sell 110 shares. What price will she receive? Maximum price Size 220 220 340 430 b. Norman Pilbarra submits a market order to buy 440 shares. What is the maximum price that he will Note: Round your answer to 2 decimal places. c. Carlos Ramirez submits a limit bid order at 92. Will it execute immediately? O Yes O No

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter11: Investment Planning

Section: Chapter Questions

Problem 4FPE

See similar textbooks

Similar questions

ABC Company includes one coupon in each box of coffee it sells. A planner is offered as a premium to customers who send in 10 coupons and a remittance of P10. Distribution cost of premium is P5. Experience indicates that only 30% of the coupons will be redeemed.
ABC Company includes 1 coupon in each box of coffee it sells. A planner is offered as a premium to customers who send in 10 coupons and a remittance of P10. Distribution cost of premium is P5. Experience indicates that only 30% of the coupons will be redeemed. Boxes of coffee sold: 2022 - 800,000; 2023 - 1,000,000 No. of planners purchased at P150 each: 2022 - 20,000; 2023 - 32,000 Coupons redeemed: 2022 - 160,000; 2023 - 280,000 What is the premium expense for 2022?
Brown crop sells TV products. In order to attract more consumers, Brown corp offers 1 unit of bag which can be exchanged for 10 coupons. Each bag is accompanied by 1 coupon sheet. The company estimates that customers will redeem 80% of the outstanding coupons. During 19x5 Brown Corp. has achieved sales of 600,000 TVs at a selling price of 500,000/unit and purchased 100,000 units of bags as inventory at a cost of $62,500/unit. During the offer period, 165,000 coupons were exchanged for bags by customers. Prepare:1. Journal of recording purchases of bags2. Sales recording journal3. Journal of coupon redemption by customer4. The adjusting entry to recognize the liability at 31 December 19x5
Hulu company includes one coupon in each box of laundry soap it sells. A towel is offered as a premium to customers who send in 10 coupons and a remittance of 20. Data for the premium offer are; 20xx 20x1 Boxes of soap sold 500,000 800,000 Number of towels purchased (100) per towel 20,000 25,000 coupons redeemed 140,000 200,000 Hulu company experience indicates that only 30% of the coupons will be redeemed. How much is the estimated liability for premiums on December 31 2012? a. 500,000 b. 400,000 c. 320,000 d. 80,000
Joel Brown & Associates Limited produces and sells two products, vita 120 and vita 220. The following table provides information on the sales forecast for 2018: Sales Forecast Product Qrt1 Qrt2 Qrt3 Qrt4 Total Vita 120 5,000 6,000 4,800 5,500 21,300 Vita220 6,500 4,600 5,400 6,200 22,700 Notes: It is the company policy to have stock on hand at the end of each quarter equalling to 10% of sales for the next quarter. Budgeted sales for the first quarter of 2019 were: 7,000 units for Vita 120 and 5, 800 units for Vita 220 During 2016, the company sold one unit of Vita 120 for $600 and one unit of Vita 220 for $700 Opening inventory for the first quarter of 2018 was 320 units of Vita 120 and 420 units for Vita 220 To make one unit of Vita 120 four (4) units of raw material B20 is required while five (5) units of raw material B12 is required to make one unit of Vita 220. Prepare the sales budget Prepare the…
From the following information you are required to calculate for each product : Re order level Maximum stock Minimum Stock Average Stock Product X Product Y Average consumption per week 500 500 Minimum requirement per week 250 250 Maximum usage per week 750 750 EOQ 3,000 5,000 Replacement time 4 to 6 weeks 2 to 4 weeks
RutgersFriends Corporation (RFC) started business on December 10, 2011 by issuing 30 shares of $100 stock for $3,000. RFC decided to cook and sell delicious desserts. To do that, on December 15, 2011, RFC bought a refrigerator for $1,000 with a five-year life span. Each dessert uses 2 oz. of dough. It costs $1.00 of labor to produce one dessert. SG&A expenses are $800 a year. RFC sells each dessert for $4.50. On December 15, 2011, RFC bought 1,500 oz. of dough. Each oz. of dough cost the company $0.35. For 900 oz. the company paid immediately, and for the remaining 600 oz., the company paid during the following year. During the first year, January 1, 2012 – December 31, 2012, RFC produced 700 desserts. RFC was able to sell 680 desserts during the first year. The payment for 650 desserts was received immediately, and for 30 desserts during the following year. During the second year, January 1, 2013 – December 31, 2013, RFC bought 1,400 oz. of dough. Each ounce of dough cost the…
RutgersFriends Corporation (RFC) started business on December 10, 2011 by issuing 30 shares of $100 stock for $3,000. RFC decided to cook and sell delicious desserts. To do that, on December 15, 2011, RFC bought a refrigerator for $1,000 with a five-year life span. Each dessert uses 2 oz. of dough. It costs $1.00 of labor to produce one dessert. SG&A expenses are $800 a year. RFC sells each dessert for $4.50. On December 15, 2011, RFC bought 1,500 oz. of dough. Each oz. of dough cost the company $0.35. For 900 oz. the company paid immediately, and for the remaining 600 oz., the company paid during the following year. During the first year, January 1, 2012 – December 31, 2012, RFC produced 700 desserts.RFC was able to sell 680 desserts during the first year. The payment for 650 desserts was received immediately, and for 30 desserts during the following year. During the second year, January 1, 2013 – December 31, 2013, RFC bought 1,400 oz. of dough. Each ounce of dough cost…
RutgersFriends Corporation (RFC) started business on December 10, 2011 by issuing 30 shares of $100 stock for $3,000. RFC decided to cook and sell delicious desserts. To do that, on December 15, 2011, RFC bought a refrigerator for $1,000 with a five-year life span. Each dessert uses 2 oz. of dough. It costs $1.00 of labor to produce one dessert. SG&A expenses are $800 a year. RFC sells each dessert for $4.50. On December 15, 2011, RFC bought 1,500 oz. of dough. Each oz. of dough cost the company $0.35. For 900 oz. the company paid immediately, and for the remaining 600 oz., the company paid during the following year. During the first year, January 1, 2012 – December 31, 2012, RFC produced 700 desserts. RFC was able to sell 680 desserts during the first year. The payment for 650 desserts was received immediately, and for 30 desserts during the following year. During the second year, January 1, 2013 – December 31, 2013, RFC bought 1,400 oz. of dough. Each ounce of dough cost the…
1. ABC operates 250 days in a year and sells an average of 500 units each day. On better days, sales may reach 800 units. The supplier delivers the inventory within 3 to 6 days after receiving the purchase orders from ABC but the average time is 4 days. Assuming normal operations, what would the expected minimum inventory level be for ABC? * 1500 units 2000 units 2800 units 4800 units 2. The target investors of the new issuance of the 800,000 P1,000-par value shares expect a return of 14% and a zero growth rate. If the management quantifies this return as P160 per share, what should the target issue price per share be? * P1,600.00 P1,400.00 P875.00 P1,142.96 3. A P1,000-par value preference share was issued for a net proceed of P1,100. It will be paying interest of 9% per annum. It has a liquidating value of P1,200 at the end of its 20-year term. The applicable tax rate to the entity is 30%. The effective cost of the preference share is closest to * 8.40% 9.40% 7.50% 5.88%
The Information bellow has taken from Al Wafa company wages paid to labou OMR85,000 , Purchases raw material OMR 230000 , purchases return : OMR5,000 , factory on cost 10 % of prime cost . Opening stock work in progress OMR5400 , closing stock work in progress OMR 45000 , opening stock raw material OMR50000 and closing stock raw material OMR32000.The cost production of the period is : O a . None of the options Ob . OMR332200 O c . OMR360800 O d . OMR334200
WET Company includes one coupon in each package of cereal it sells. A towel is offered as a premium to customerswho send in 10 coupons. Data for the premium offer are: 2019 2020Packages of cereal sold 500,000 800,000Number of towels purchased at P40 per towel 30,000 60,000Number of towels distributed as premium 20,000 50,000Number of towels to be distributed as premiumnext period 5,000 3,000In its 2020 statement of comprehensive income, WET Company should report premium expense of:a. P2,400,000 b. P2,000,000 c. P2,120,000 d. P1,920,000