A pension fun purchased 15 round lots of Aldridge Inc stock at the closing price of the

Fantastic news! We've Found the answer you've been seeking!

Question:

A pension fun purchased 15 round lots of Aldridge Inc stock at the closing price of the say yesterday. The stock opened at $34.60 per share today, the current price is $34.50 per share, and the stock is down by $.20 per share.

What was the cost of that purchase?

Related Book For answer-question

Corporate Financial Accounting

ISBN: 9781337398169

15th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

See More Books

Posted Date: Apr 19, 2023 03:44 AM

See More Questions

Draw the terminal CALL payoff (payoff on expiry date) to this particular option strategy (be very precise). What is the maximum profit and loss on this bear spread? Assume: Call premium = $5 at X2 =...
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
Which properties of the Clean annotation must be true for the following to compile? (Choose three.) A. The annotation must contain exactly one element. B. The annotation must contain an element named...
SDT Co. reports net income of $55,000. Partner salary allowances are Sweet $15,000, Drinian $5,000, and Tavros $5,000. Indicate the division of net income to each partner, assuming the income ratio...
In order to keep a leaking ship from sinking, it is necessary to pump 15.0 lb of water each second from below deck up a height of 3.00 m and over the side. What is the minimum horsepower motor that...
What is the top level system analytical construct?
Herky Foods is considering acquisition of a new wrapping machine. The initial investment is estimated at $1.25 million, and the machine will have a 5-year life with no salvage value . Using a 6%...
Water flows through a venturi meter. At the constricted section area is 36cm, the pressure is 11.69 N/cm, and at the main pipe area is 72cm, the pressure is 24.78 N/cm. Determine the velocities of...
John Parsons (123-45-6781) and George Smith (123-45-6782) are 70% and 30% owners, respectively, of Premium, Inc. (11-1111111), a candy company located at 1005 16th Street, Cut and Shoot, TX 77303....
Each transformation uses the same catalyst, propose a mechanism for each one. (B) OMe OMe 113 (15 mo) HCI (25 mos) F3 4A MS, TBME -30 "C. 48 h t-Bu S 114 CF3 115 (C) AF 113 113 (10 mo) 4-NOSA (7 mo)...
What is one type of contract that must be in writing pursuant to the Statute of Frauds and when must UCC contracts be in writing? a. Statute of Frauds: b. UCC:
For the given matrix below compute both det(4) and det(2.4). 4 -2 5 -1 -7 10 0 1-3
Nishi Corporation's common stock just paid $0.79 dividend recently and dividends are expected to grow at a constant rate for the foreseeable future. The investors' required rate of return on the...
Nancy's son plans to start college when he graduates from High School. Assume that after-tax annual rate of return that Nancy is able to earn from her investment is 8.18 percent. The rate of...
The revenue from the sale of x units of a product is given by R(x)=12x-0.04x^2 thousand dollars, where 0 x 250. How many units should be sold to maximize the revenue?
Tom and Jane are neighbors. Let's help them resolve an externalities problem. Tom, who likes to barbecue, has utility function Ur (CS) Cy 5, where CT is his consumption (in dollars) and 5 is the...
Which provision could best be justified as encouraging small business? a. Ordinary loss allowed on $ 1244 stuck. b. Percentage depletion. c. Domestic production activates deductions. d. Interest...
The balance of Cash is likely to differ from the bank statement balance. What two factors are likely to be responsible for the difference?
Identify the errors in the following schedule of the cost of goods sold for the year ended May 31, 20Y5: Cost of goods sold: Inventory, May 31, 20Y5 .. Cost of merchandise purchased: Purchases .......
Cabelas Incorporated (CAB) is a leading specialty retailer of outdoor sports merchandise. Dicks Sporting Goods, Inc. (DKS) is a leading full-line retailer of sporting equipment and apparel. The...
Consider the equity prices of the United States companies Microsoft and Walmart for the period April 1990 to July 2004 ( $T=172)$. (a) Compute the continuously compounded (log) returns on Microsoft...
(a) Use a histogram to graph the empirical distribution of the duration times between American Airline trades. Compare the graph with Figure 2.9. Figure 2.9. (b) Interpret the shape of the...
The forward market is efficient if the lagged forward rate is an unbiased predictor of the current spot rate. (a) Estimate the following model of the spot and the lagged 1-month forward rate \[...

A pension fun purchased 15 round lots of Aldridge Inc stock at the closing price of the

Question:

Expert Answer:

The detailed answer for the above question is provided be... View the full answer

Corporate Financial Accounting

Students also viewed these accounting questions