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Refer to the information presented in the earlier exercise. Suppose the fl ower child gardening cart requires 2,500 machine hours, 300 inspections, and 100 batches. Using the activity rates calculated in the earlier exercise, determine the amount of overhead assigned to the fl ower child product line.
Here is some price information on Fincorp stock. Suppose first that Fincorp trades in a dealer market.
a. Suppose you have submitted an order to your broker to buy at market. At what price will your trade be executed?
b. Suppose you have submitted an order to sell at market. At what price will your trade be executed?
c. Suppose you have submitted a limit order to sell at . What will happen?
d. Suppose you have submitted a limit order to buy at . What will happen?