Use the Table for the Question(s)below

question 21

Essay

Use the table for the question(s)below.
-Consider an ETF that is made up of one share each of IBM,MRK,and C.The current quote for this ETF currently is $162.75 (bid)$162.80 (ask).What should you do?

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Definitions:

Journalize

The process of recording transactions in a company's journal, documenting the details of financial transactions and their effects on the accounts.

Office Supplies

Consumable items used in an office environment for daily operations, such as paper, pens, and staplers.

Paid Cash

The action of disbursing money to settle a transaction or obligation.

Placed on Account

A term referring to a transaction being recorded on a company's books under an account receivable or payable, typically indicating a credit sale or purchase.