Question: please answer a & b 11. If a dealer bought 25,000 shares of stock at $25 per shares, then sold 5,000 of them at 25.50

please answer a & b please answer a & b 11. If a dealer bought 25,000 shares

11. If a dealer bought 25,000 shares of stock at $25 per shares, then sold 5,000 of them at 25.50 per share and 20,000 of them at 25.25 per share. (6 point) a) What is the dealer's gross profit? b) What is the dealer's average bid-ask spread

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

The instructions are found in the first photo. These are the journal entries. Adjusting journal entries. Here are the accounts used. The next two photos help with the depreciation for the adjusting...

Here is the instructions. Journal entries Adjusting journal entries Accounts to be used Depreciation calculation worksheet for adjusting journal entries Check figures Any help would be so so...

Show all calculations for journal entries. Prepare first December journal entries Prepare adjusting entries Prepare adjusted trial balance Part I: December Journal Entries Record the following...

Can someone can help me figure out what I did wrong! Looks like the ending shares should be 235,000, but I'm having troubles getting there. Additional Information: December 4: Bought back 18,000...

How to calculate the depreciations (first picture)? journal entries: December 1: Recorded sales on account of $800,000, 3/15, net 30. Cost of inventory was $375,000. Panther Builders, Inc. uses the...

this is the problem that I NEED H ANSWERED THE RATIO AND THE MEMO A. Record the journal entries for the December transactions.**Must show formulas in cells. B. Record the adjusting journal entries...

10. S uppose absolute purchasing power parity holds. The cost of 1 pound of oranges in Hong Kong is HK S30.00 and in the US it is $3.75. What is the exchange rate? (5 point) 11. If a dealer bought...

can someone help assist with finding the weighted average common stock? Weighted Average Common Stock Shares Description of Transaction Outstanding Beginning Balance Shares Dates Outstanding...

11. If a dealer bought 25,000 shares of stock at $25 per shares, then sold 5,000 of them at 25,50 per share and 20,000 of them at 25,25 per share. ( 6 point) a) What is the dealer's gross profit? b)...

Question 11 Last year Amanda bought 100 ordinary shares of Telstra for $5 per share. During the year she received dividends of $1.20 per share. The shares are currently selling for $4.8 per share....

Human evolution has been both a biological and cultural process. Identify and discuss the major biological and cultural developments of this process from the advent of Australopithecine to the...

A northwestern distribution company surveyed 53 of its midlevel managers. The survey obtained the ages of these managers which later were organized into the frequency distribution shown. Determine...

Debt Consolidation involves combining multiple debts into a single, more manageable debt. Question 1 4 options: TrueFalse

9. (15 points) A company is considering a new project that requires an investment of \$5 million. The project is expected to generate cash flows of $2 million in year 1,$3 million in year 2, and $4...

3. Observe the nonverbal behaviors of people leaving or greeting one another at an airport or a train station. Do you think you can tell the relationship they have from their nonverbal behaviors?...

How We Listen?

5. Play with text-to-speech features on your computer. Compare the way the machine reads a passage of text to the way you would read it. Do you have a choice of voices to choose from, and is there...