Selling Stock with a Limit Order You Would Like to Sell

question 51

Multiple Choice

Selling Stock with a Limit Order You would like to sell 100 shares of Pfizer,Inc.(PFE) .The current bid and ask quotes are $27.22 and $27.25,respectively.You place a limit sell-order at $27.24.If the trade executes,how much money do you receive from the buyer?

• A)$2,722.00
• B)$2,724.00
• C)$2,725.00
• D)$5,446.00

Identify different methods for estimating cost behavior, including the high-low method and least-squares regression method.

Compute and understand the significance of the total contribution margin, contribution margin ratio, and margin of safety.

Apply the concept of break-even analysis for both units and dollars, and its implications for business planning.

Use the degree of operating leverage to assess the impact of sales volume changes on profit.