Suppose that a limit order to sell 175 shares at $15.58 is followed by a market order to sell 50 shares. After these orders, what is the missing number (????) in the revised table below? (Enter your answer as a whole number without commas or decimals, e.g. 123.)
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- Stock Split Suppose you own 2,000 common shares of Laurence Incorporated. The EPS is $10.00, the DPS is $3.00, and the stock sells for $80 per share. Laurence announces a 2-for-1 split. Immediately after the split, how many shares will you have, what will the adjusted EPS and DPS be, and what would you expect the stock price to be?Alert Companys shareholders equity prior to any of the following events is as follows: The company is considering the following alternative items: 1. An 8% stock dividend on the common stock when it is selling for 30 per share. 2. A 30% stock dividend on the common stock when it is selling for 32 per share. 3. A special stock dividend to common shareholders consisting of 1 share of preferred stock for every 100 shares of common stock. The preferred stock and common stock are selling for 123 and 31 per share, respectively. 4. A 2-for-1 stock split on the common stock, reducing the par value to 5 per share (assume the same date for declaration and issuance). The market price is 30 per share on the common stock. 5. A property dividend to common shareholders consisting of 100 bonds issued by West Company. These bonds are carried on the Alert Company books as an available-for sale investment at a fair value of 48,000 (which is also its cost); it has a current value of 54,000. 6. A cash dividend, consisting of a normal dividend and a liquidating dividend, on both the preferred and the common stock. The 10% preferred dividend includes a 2% liquidating dividend, and the 2.30 per share common dividend includes a 0.30 per share liquidating dividend (separate liquidating dividend contra accounts should be used). Required: For each of the preceding alternative items: 1. Record (a) the journal entry at the date of declaration and (b) the journal entry at the date of issuance. 2. Compute the balances in the shareholders equity accounts immediately after the issuance (any gains or losses are to be reflected in the retained earnings balance; ignore income taxes).According to a company press release, on January 5, 2012, Hansen Natural Corporation changed its name to Monster Beverage Corporation. According to Yahoo Finance, on that day the value of the company stock (symbol: MNST) was $15.64 per share. On January 5, 2018, the stock closed at $63.49 per share. This represents an increase of nearly 306%. A. Discuss the factors that might influence the increase in share price. B. Consider yourself as a potential shareholder. What factors would you consider when deciding whether or not to purchase shares in Monster Beverage Corporation today?
- A trader submits a market to sell 1,200 shares. The buy limit orders standing in the stock's order book at the time the order is entered are shown below. None of the limit buy orders are “all or none” orders. 250 shares @ $22.05 200 shares @ $22.00 800 shares @ $21.90 900 shares @ $21.80 The proceeds from the sale of the 1,200 shares, ignoring the trading commission, are closest to: $18,400.00 $21,512.50 $26,280.00 $26,337.50 $27,432.50 None of the above answers is correct.A trader submits a market to sell 900 shares. The buy limit orders standing in the stock's order book at the time the order is entered are shown below. None of the limit buy orders are “all or none” orders except for the 800- share bid at $41.90. 250 shares @ $22.05 200 shares @ $22.00 800 shares @ $21.90 900 shares @ $21.80 The proceeds from the sale of the 900 shares, ignoring the trading commission, are closest to: $18,425.00 $19,700.00 $19,722.50 $19,767.50 $20,121.00 f. None of the above answers is correctA trader submits an all-or-nothing, immediate-or-cancel [fill or kill] order to sell 800 shares at €17.35. There are four buy limit orders standing in the stock's order book at the time the order is entered. The order book appears as follows: Limit Buy Orders Limit Sell Orders 300 shares @ €17.35 100 shares @ €17.45 200 shares @ €17.35 400 shares @ €17.48 800 shares @ €17.33 500 shares @ €17.50 200 shares @ €17.31 900 shares @ €17.51 57. Referring to the previous order book, assuming none of the limit sell orders are “all or none” and ignore trading commissions, a market order to buy 600 shares would require an investment of: €10,410 €10,470 €10,487 €10,500 None of the above answers is correct.
- Your client wants to purchase 400 shares. A quick look at level 2 scree shows the following asks: $5.27 for 120 shares, $5.29 for 80 shares, $5.34 for 250 shares. What would your clients final total be if your company charges $0.03/share traded?Suppose you own 1,000 common shares of Laurence Incorporated. The EPS is $12.00, the DPS is $5.00, and the stock sells for $75 per share. Laurence announces a 2-for-1 split. Immediately after the split, how many shares will you have? Round your answer to the nearest whole number. shares What will the adjusted EPS and DPS be? Round your answers to the nearest cent. EPS: $ DPS: $ What would you expect the stock price to be? Round your answer to the nearest cent.You started with a market price of $30 and 10,000 shares. Calculate number of shares after the split and the per share price: a. 2 for 7 split b. 3 for 2 split c. 2 for 5 split d. 3 for 1 split
- You are bearish on Sienar Fleet Systems, you sold short one round lot (100 shares) at $85 per share. On March 1, a dividend of $2 per share was paid. On April 1, you covered the short sale by buying the stock for the price of $70. You paid $.25 per share in commissions for each transaction. Sienar Fleet Systems Market Price, January 1 $85.00 Market Price, March 1 $82.00 Dividend, March 1 $2.00 Market Price, April 1 $79.00 Broker Commission, per Share $0.25 Maintenance Margin 0.35 Investor Shares Sold Short 100 Required: Using the information in the tables above (the Company, the Broker, and the Investor), solve the cash flows involved in the short sale of this company. Then calculate the rate of return. (Use cells A5 to B15 from the given information to complete this question.) Short Sale Net…A summary of two stocks is shown. 52W high 52W low Name of Stock Symbol High Low Close 37.18 29.39 Zycodec ZYO 39.06 32.73 34.95 11.76 7.89 Unix Co UNX 16.12 12.11 15.78 Last year, a stockholder purchased 40 shares of Zycodec at its lowest price of the year and purchased 95 shares of Unix at its highest price of the year. If the stockholder sold all shares of both stocks at their respective closing price, what was the overall gain or loss?A summary of two stocks is shown. 52W high 52W low Name of Stock Symbol High Low Close 37.18 29.39 Zycodec ZYO 39.06 32.73 34.95 11.76 7.89 Unix Co UNX 16.12 12.11 15.78 Last year, a stockholder purchased 40 shares of Zycodec at its lowest price of the year and purchased 95 shares of Unix at its highest price of the year. If the stockholder sold all shares of both stocks at their respective closing price, what was the overall gain or loss? The overall loss is $604.30. The overall gain is $604.30. The overall loss is $660.35. The overall gain is $660.35.