The woods co. and the spieth co. have both announced ipos at $69 per share. one of these is undervalued by $16, and the other is overvalued by $6, but you have no way of knowing which is which. you plan to buy 1,800 shares of each issue. if an issue is underpriced, it will be rationed, and only half your order will be filled. a. if you could get 1,800 shares in woods and 1,800 shares in speith, what would your profit be?

Vintage fun reproduces oldminusfashioned style roller skates and skateboards. the annual production and sales of roller skates is 950 units, while 1,750 skateboards are produced and sold. the company has traditionally used direct labor hours to allocate its overhead to products. roller skates require 2.5 direct labor hours per unit, while skateboards require 1.25 direct labor hours per unit. the total estimated overhead for the period is $114,300. the company is looking at the possibility of changing to an activityminusbased costing system for its products. if the company used an activityminusbased costing system, it would have the following three activity cost pools: the overhead cost per skateboard using the traditional costing system would be closest to: a. $9.31. b. $65.31. c. $25.05. your answer is not correct.d.