Calculate the Gross Pay of Alice Flynn, a Corn Picker

question 70

Short Answer

Calculate the gross pay of Alice Flynn, a corn picker, assuming she picked 4,150 ears of corn:
$$\begin{array} { | l | l | } \hline { \text { Corn Picked } } & \text { Rer ear } \\\hline 1 - 2,000 & \$ .04 \text { per ear } \\\hline 2, 001 - 3,000 & 05 \text { per ear } \\\hline \text { Over } 3,000 & 09 \text { per ear } \\\hline\end{array}$$

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Definitions:

Ask Price

The minimum price a seller is willing to accept for an asset or security.

Sell

The act of transferring ownership of a security or asset from a seller to a buyer in exchange for cash or other forms of payment.

Security

A financial instrument representing an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.

Dark Pools

Private financial forums or exchanges for trading securities not accessible by the investing public, often used by large institutions to avoid impacting the market with large orders.