Use the Figure for the Question(s) Below -How Much Money Would a Stock Exchange Make from Buying

question 3

Multiple Choice

Use the figure for the question(s) below.
$\begin{array}{l}\text { STRIDER }\\\begin{array} { l r l r } \hline \text { Last Trade: } & 421.00 & \text { Day's Range: } & 420.75 - 434.00 \\\text { Trade Time: } & 11 : 35 \text { AM ET } & \text { 52wk Range: } & 354.00 - 592.00 \\\text { Change: } & \downarrow 12.00 ( 2.77 \% ) & \text { Volume: } & 28,201,756 \\\text { Prev Close: } & 433.00 & \text { Avg Vol (3m) : } & 48,885,800 \\\text { Open: } & 427.00 & \text { Market Cap: } & \text { N/A } \\\text { Bid: } & 420.75 & \text { P/E (ttm) : } & \text { N/A } \\\text { Ask: } & 421.25 & \text { EPS (ttm) : } & \text { N/A } \\\text { 1y Target Est: } & \text { N/A } & \text { Div \& Yield: } & \text { N/A (N/A) } \\\hline\end{array}\end{array}$
-How much money would a stock exchange make from buying and selling 500 shares of Strider under the conditions shown above?

• A) $210,375
• B) $250
• C) $5875
• D) $3000

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Definitions:

Raw Materials Used

The basic materials and components required in the production process of goods.

Work in Process

Work in Process represents partially completed goods that are still in the production process at the end of a reporting period.

Labor Rate Variance

The difference between the actual cost of labor and the standard or budgeted cost, used to control and manage labor costs effectively.

Labor Efficiency Variance

The difference between the actual labor hours used and the standard hours expected for a level of output.