You are a dealer and post a price of $100.00 to $100.50 for a stock. There are more sell orders than buy orders and you find your inventory is growing. What is the correct way to adjust your quotes?

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter7: Inventory Cost Flow Assumptions (fifolifo)
Section: Chapter Questions
Problem 5R: What changes would have taken place if Dels purchase prices had fallen rather than risen? To find...
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You are a dealer and post a price of $100.00 to $100.50 for a stock. There are more sell orders
than buy orders and you find your inventory is growing. What is the correct way to adjust your
quotes?
Transcribed Image Text:You are a dealer and post a price of $100.00 to $100.50 for a stock. There are more sell orders than buy orders and you find your inventory is growing. What is the correct way to adjust your quotes?
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