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NEW QUESTION: 1
A dealer buys 100 shares of XYZ common, which is an actively traded stock, at 23.50. Three days later, when XYZ common is quoted at 19.50 - 19.75, he sells the 100 shares to a customer.
The basis for the dealer's markup is:
A. 23 1/2
B. 5% above cost
C. 19 7/8
D. 10 5/8
Answer: C
Explanation:
Explanation/Reference:
Explanation: 19 7/8. The markup is always based on the current market price, not upon cost. Therefore, the markup is based on the offering side of the current quotation.

NEW QUESTION: 2
Tax rates on income are: 0% for up to 5000 EUR, 10% is added for each additional 5000 EUR up to 20,000 EUR, and 40% is applied for above20,000 EUR, which test inputs in EUR would be selected for valid equivalence partitions?
A. 3000, 6000, 12000, 19000, 30000
B. 3000, 8000, 16000, 20000, 25000
C. 3000, 18000, 30000
D. -1000, 4000, 9000, 14000, 19000, 24000
Answer: A

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