Which of the following guides a broker's decision on executing a limit order for a stock?
A) par value
B) dividends
C) book value
D) market value
E) interest rate
Answer: D
Explanation: D) Limit orders direct a broker to buy or sell a security when the market price, or market value, reaches a stated threshold.
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Consumers must pay a small amount of money for a(n):
A) in- or on-package premium B) cross-ruffing premium C) store premium D) self-liquidating premium
Lasiter Corp reported net credit sales of $2,000,000 and cost of goods sold of $1,400,000 for 2016 . On January 1, 2016, accounts receivable was $250,000 . Amounts owed by customers increased by $20,000 during 2016 . Rounding to two decimal places, what is Lasiter's accounts receivable turnover rate for 2016?
a. 8.33 b. 8.00 c. 7.69 d. 7.41
The moral of the product life cycle is that companies must continually innovate; otherwise, they risk extinction
Indicate whether the statement is true or false
In cost-plus contracts, the "plus" represents
a. sales price. b. profit, based on the amount of costs incurred. c. overapplied overhead costs. d. the amount of any cost overruns.