answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vagabundo [1.1K]
2 years ago
12

What was the opening price of Dow Jones Industrial Average on May 30, 2017 in the format of XXXXX.XX?

Business
1 answer:
Gemiola [76]2 years ago
6 0

Answer:

Dow Jones Industrial Average on May 30, 2017:

According to valueline.com, the Dow Jones Industrial Average on May 30, 2917 closed at 21029.47 Down 50.81.

Closing index = 21029.47

plus down movement =50.81

Opening index = 21080.28

This implies that the opening price was 21080.28.

Explanation:

The Dow Jones Industrial Average measures the stock performance of 30 large companies listed on stock exchanges in the United States.  It is a stock price index.  Others are the S&P 500 Index and the NASDAQ.

The opening index represents the day's beginning average price before trading started.  During trading, the price must have seen variations, up and down movements.  But, at the end of the day's trading, the closing price was reported to be 21029.47 Down 50.81.

From this closing index report, one can infer by adding back, that the opening price was above the closing price by 50.81 or about 51 basis point.

You might be interested in
Avon Products, Inc., located in New York City, is one of the world’s largest producers of beauty and related products. The compa
kvv77 [185]

Answer:

a) Accounts Receivable 2015 = $443,000 2014 = $515,600

b) Bad Debt Expense = $144,100

c) Gross sales = $6,083,300

d) Cash collected from Customers = $6,005,000

Explanation:

a and b are given.

c) Gross Sales = $6,076,500 + $6,800 = $6,083,300

d) Cash collected = opening balance in Account receivable + credit  Net sales - Bad debt - Closing balance in Accounts Receivables

                            = $515,600 + $6,076,500 - $144,100 - $443,000

                           =$6,005,000

4 0
2 years ago
This pricing tactic works because although we can remember the exact price right when we see the price, after a few weeks we for
PilotLPTM [1.2K]

Answer: A. the 99 principle

Explanation:

This strategy, often called "charm pricing," involves using pricing that ends in "9" and "99."

With charm pricing, the left digit is reduced from a round number by one cent. We come across this technique every time we make purchases but don’t pay attention. For example, your brain processes $3.00 and $2.99 as different values: To your brain $2.99 is $2.00, which is cheaper than $3.00.

How is this technique effective? It all boils down to how a brand converts numerical values. In 2005, Thomas and Morwitz conducted research they called "the left-digit effect in price cognition." They explained that, “Nine-ending prices will be perceived to be smaller than a price one cent higher if the left-most digit changes to a lower level (e.g., $3.00 to $2.99), but not if the left-most digit remains unchanged (e.g., $3.60 to $3.59).”

4 0
2 years ago
Consider the following information from the records of Bennington Corporation. The company uses the weighted-average method. Bri
Rom4ik [11]

Answer:

$3,735

Explanation:

The computation of the total cost that will be included in the numerator of that calculation is shown below:

= Beginning work in process + cost added during the period

= $350 + $3,385

= $3,735

Basically, we added the beginning work in process and the cost added during the period

The same amount is shown on the numerator side while calculating the cost per equivalent unit

3 0
2 years ago
Setrakian Industries needs to raise $83.3 million to fund a new project. The company will sell bonds that have a coupon rate of
SOVA2 [1]

Answer:

The question is missing the options, which can be found in the attached.

The number of bonds necessary to raise the funds is 46,009

Explanation:

First of all, I calculated the price at which would be issued using the pv formula in excel, which =pv(rate,nper,pmt,fv)

rate is the yield to maturity divided by 2 because it is semi-annual payment

nper is 30 years multiplied by 2

pmt is the semi-annual coupon payment

fv is the $2000 payable on maturity

Find attached.

Download xlsx
7 0
2 years ago
Suppose a movie theater determines it can charge different prices to patrons who go to weekday matinees and people who attend ev
bija089 [108]

Answer:

increase the price of weekend and evening tickets

decrease the price of matinee tickets

Explanation:

If the price elasticity of demand is elastic, a small change in the price of movie tickets will cause a larger change in the quantity demanded. If the price elasticity of demand is inelastic, a large change in the price will cause a small change in the quantity demanded.

If the PED for weekend and evening patrons is inelastic, then the movie theater should increase the price of the weekend and evening tickets in order to increase total revenue. In this case, a 10% increase in price will result in a 5% decrease in sold tickets.

If the PED for matinee patrons is elastic, then the movie theater should decrease the price of the matinee tickets in order to increase total revenue. In this case, a 10% decrease in price will result in a 17% increase in sold tickets.

7 0
2 years ago
Other questions:
  • If a law enforcement officer suspects your vehicle is not properly maintained or does not comply with florida motor vehicle equi
    15·2 answers
  • Suppose First National Bank holds ​$100 million in assets with an average duration of 3 ​years, and it holds ​$90 million in lia
    15·1 answer
  • Rosman Company has an opportunity to pursue a capital budgeting project with a five-year time horizon. After careful study, Rosm
    11·1 answer
  • Nicole Martins is the controller at UMC Corp., a publicly-traded manufacturing company. Last year, UMC had annual sales revenue
    10·1 answer
  • Aaron purchased 500 shares of KMP stock on May 8. On May 16, he purchased another 200 shares and then on May 20 he purchased a f
    6·1 answer
  • Consider an 8% coupon bond selling for $953.10 with three years until maturity making annual coupon payments. the interest rates
    12·1 answer
  • 7. Total Cost for Savings Piggy bank with cash Dean is planning to purchase a new Nissan Altima which costs $26,865. He has save
    8·1 answer
  • On July 31, 2022, Ivanhoe Company had a cash balance per books of $6,310.00. The statement from Dakota State Bank on that date s
    12·1 answer
  • Determine proper classification (LO11-1) Wi-Fi, Inc., has the following selected transactions during the year. Required: Select
    10·1 answer
  • The following information was drawn from the accounting records of Chapin Company. On January 1, Year 1, Chapin paid $56,000 cas
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!