Here is a small part of the order book for Mesquite Foods:BidAskPriceSizePriceSize$ 98190$ 98.50380$ 97.50380$ 98.80380$ 96760$ 99660$ 94.80570$ 99.50670a. Georgina Sloberg submits a market order to sell 190 shares. What price will she receive?Price$Answer is complete and correct.98b. Norman Pilbarra submits a market order to buy 760 shares. What is the maximum price that he will pay?Note: Round your answer to 2 decimal places.× Answer is complete but not entirely correct.Maximum price$98.00

B. The market buy order will be executed at the ask prices available in the market.The first 380…

Answered: Here is a small part of the order book…

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

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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?
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