In 2021, the share price for a particular share reached $435,120.0000, which would have caused the share price shown on the Nasdaq website to unexpectedly plummet to $5,623.2704. Name the error that nearly occurred and explain what happened.

Time left 0:55:03Question 3Not yet answeredMarked out of 1.00Flag questionTipsQuestion textIn early 2021, US company GameStop (GME) experienced extreme fluctuations in its share price.In a matter of weeks, GME price started at $18, rose to nearly $350 and then quickly fell back to $40.Which of the following statements is not an accurate comment on the GameStop saga?Question 3AnswerInvestors following the WallStreetBets forum on reddit entered long positions in GME with a goal of subjecting short sellers to a short squeeze.All of the investors who entered long positions in GameStop would have made profits at the expense of the short sellers.Short sellers had taken huge positions in GameStop because they believed GME was overvalued at $18.The dramatic rise in GME price occurred because short sellers had to pay inflated prices to settle their short positions.

Grow R Us overstated its ending inventory in the current year by $5,000. The company incorrectly reported $100,000 of net income. Explain the consequences of this error on the current period's income statement.Multiple choice question.The correct net income amount should have been $105,000.Cost of goods sold will be too low by $5,000.Cost of goods sold will be too high by $5,000.

(1 point) The timeplot below gives the share price in dollars of General Electric stock, with the bar chart giving the volume in millions of shares. The plots are for the one-year period September 2001-September 2002. ( Click on the image for a larger view. )(a) If you bought a single share of stock at the maximum price and sold it at the minimum price during this one-year period, you would have lost aboutA. 35 dollars.B. 45 dollars.C. 25 dollars.D. 15 dollars.E. Cannot be determined from the graph.

The cost of a share for a company was $14$14. The share price decreased by 10%10% during the day.  Calculate the share price of the company at the end of the day.

The company finds, to its error, that the cost of placing an order was Sh. 5,000 and carrying cost was 15% per year and not the earlier data. How much was the company losing per year on inventory because of imperfect information? (6 marks)