You find that the bid and ask prices for a stock are $10.25 and $10.30, respectively. if you purchase or sell the stock, you must pay a flat commission of $25. if you buy 100 shares of the stock and immediately sell them, what is your total implied and actual transaction cost in dollars?
$25
$30
$55
$50

Engberg company installs lawn sod in home yards. the company’s most recent monthly contribution format income statement follows: amount percent of sales sales $ 80,000 100% variable expenses 32,000 40% contribution margin 48,000 60% fixed expenses 38,000 net operating income $ 10,000 required: 1. compute the company’s degree of operating leverage. (round your answer to 1 decimal place.) 2. using the degree of operating leverage, estimate the impact on net operating income of a 5% increase in sales. (do not round intermediate calculations.) 3. construct a new contribution format income statement for the company assuming a 5% increase in sales.