Boran Stockbrokers, Inc., selects four stocks for the purpose of developing its own index of stock market behavior. Prices per share for a year 1 base period, January year 3, and March year 3 follow. Base-year quantities are set on the basis of historical volumes for the four stocks. Stock Industry Year 1 Quantity Price per Share ($) Year 1 Base January Year 3 March Year 3 A Oil 100 31.50 24.75 22.50 B Computer 150 65.00 49.00 45.50 C Steel 75 40.00 31.00 29.50 D Real Estate 50 18.00 6.50 2.75 a. Compute the price relatives for the four stocks making up the Boran index.
Price Relative Stock January March 70.3 78.3 A B 75.4 78.2 77.5 73.8 D 32.5 13.8
b. Use the weighted average of price relatives to compute the January year 3 and March year 3 Boran indexes.

What is a sort of auction for stocks in which traders verbally submit their offers?

Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?

Manipulation manufacturing's (amm) standards anticipate that there will be 5 pounds of raw material used for every unit of finished goods produced. amm began the month of maymay with 8,000 pounds of raw material, purchased 25,500 pounds for $ 15,300 and ended the month with 7,400 pounds on hand. the company produced 4,9004,900 units of finished goods. the company estimates standard costs at $ 1.10 per pound. the materials price and efficiency variances for the month of maymay were: