One advantage of ______ is the direct crossing of trades without using a broker-dealer system eliminates the bid-ask spread that otherwise would be incurred. Multiple choice question. ECNs Direct Search Markets Broker Markets Dealer Markets

Answers

Answer 1

Answer:

ECNs (electronic communication network)

Explanation:

An electronic communication network can be regarded as computerized system which is designed to matches buyers as well as sellers orders automatically for securities so trading can take place in the market. ECN trading is designed to favor investor that are in different geographic areas , but want to have a complete aand secure transaction with absence of any

third party. It should be noted that One advantage of ECNs is the direct crossing of trades without using a broker-dealer system eliminates the bid-ask spread that otherwise would be incurred


Related Questions

Timothy periodically purchases bonds issued by Prince Waste Collection. Last year, he bought two bonds in February, two bonds in June, and one bond in August, then sold them all in October. Prince Waste Collection bonds were selling at 94.593 in February, 92.661 in June, 105.480 in August, and 102.882 in October. If each bond that Timothy bought had a par value of $1,000, how much profit did he make from buying and selling these bonds

Answers

Answer:

$344.22

Explanation:

Calculation to determine how much profit did he make from buying and selling these bonds

First step is to calculate how much Timothy invested in February, June and August

February=2 x $1,000 x 94.593%

February = $1,891.86

June= 2 x $1,000 x 92.661%

June= $1,853.22

August= $1,000 x 105.48%

August = $1,054.80

Total investment = $4,799.88

($1,891.86+$1,853.22+$1,054.80)

Seconds step

Since Timothg sold 5 bonds in the month of October at 102.882 each which means he will received:

Amount received= 5 x $1,000 x 102.882%

Amount received= $5,144.10

Now let determine his Total profit

Total profit = $5,144.10 - $4,799.88

Total profit= $344.22

Therefore how much profit did he make from buying and selling these bonds will be $344.22

A company just starting in business purchased three merchandise inventory items at the following prices. First purchase $58; Second purchase $69; Third purchase $70. If the company sold two units for a total of $215 and used FIFO costing, the gross profit for the period would be

Answers

Answer:

like 412 or sum

Explanation:

An analyst has decided to identify value stocks for investment by screening for companies with high book-to-market ratios and high dividend yields. A potential drawback of using these screens to find value stocks is that the firms selected may: be those that have significantly underperformed the market. be concentrated in specific industries. have unsustainable dividend payments.

Answers

Answer: be concentrated in specific industries.

Explanation:

Companies that exhibit characteristics such as a high book-to-market ratio and high dividend yield are usually found in specific industries like the financial services sector.

Using this method would therefore lead to investments in specific industries which is riskier because the industrial risk component increases in that if the industry is adversely affected, the investors would suffer from going in on investments concentrated in one or a couple of related industries.

________ in the form of logos, stationery, brochures, signs, business forms, business cards, buildings, uniforms, and company trucks can be used to help a company create an identity that the public immediately recognizes.

Answers

Answer:

Corporate identity materials

Corporate marketing in the form of logos, stationery, brochures, signs, business forms, business cards, buildings, uniforms, and company trucks can be used to help a company create an identity that the public immediately recognizes.

What is Corporate marketing?

Corporate marketing is the means by which a corporation or organization attracts potential customers.

A corporate marketing team is responsible for determining how to reach the company’s desired customers, and determining what kinds of advertising and messaging tactics will appeal to them

Corporate marketing infiltrates nearly every aspect of people’s lives, whether they’re conscious of it or not. People tend to notice a billboard that they drive past every day on their way to work, if only because it’s a distraction from traffic.

A direct-mail piece asking constituents to vote for a particular candidate will be noted, and a perception about the candidate’s face, posture, clothing, combined with the wording on the postcard, will be developed before it’s tossed into the recycling bin.

Learn more about the Corporate marketing here:

https://brainly.com/question/14441276

#SPJ5

Previous
4
Next
Lifelong Learning: Mastery Test
4
Select the correct answer.
Why do many organizations encourage their employees to be lifelong learners?
O A employees will be more able to handle increasing responsibilities
OB. employees will be more likely to follow company policies
OC employees will be more likely to remain loyal to the company
OD. employees will be more likely to interact well with each other
Reset
Next

Answers

Answer: A. employees will be more able to handle increasing responsibilities.

Explanation:

Lifelong learning refers to the ongoing pursuit of knowledge for personal or professional reasons. When a person is a lifelong learner, such person has a growth mindset and pushes himself or herself to find new ideas to solve challenges.

Several organizations encourage their employees to be lifelong learners in order for such employees to be able to handle increasing responsibilities. Some organizations send their employees to study some courses which will help in their growth and development and also to be able to handle certain responsibilities.

If you could choose to be anything you want, what would you choose to be and why? 2-3 paragraphs

Answers

Chief keef
He is the oldest rapper alive being 300 years old he also dropped the best album of this generation in 2012 he is still making music he has mutiple cars and houses he had mutiple baby moms he’s rich

What
do we
mean
by Forms
Of Ownership ?

Answers

Answer:

thats a good one

Explanation:

A good manager: A. gives advice freely and frequently. B. is more result-oriented than relationship-oriented. C. has a judger mind-set and low self-awareness. D. schedules time for listening to employees each day. E. believes that listening too much is a sign of indecisiveness.

Answers

Answer:

B.

Explanation:

If you're asking a good manager that keeps the busniess running the answer is B because he would get the best money results.

If you mean the best manager because CO-workers like him the answer is A, but I don't think that's what you're asking so the answer is most likely B.

IF THE ANSWER IS SELECT ALL THAT APPLY,

-A

-B

-D

From June to the end of September, Jennifer wants to save at least $1,500. Her monthly expenses are $600. Jennifer saves whatever money she has left after paying her expenses each month. Jennifer is scheduled to work 80 hours in September. Find the minimum sales she needs in September to meet her goal of saving at least $1,500.

Answers

The minimum sales required by Jennifer to meet her savings goal must be $26.25 per hour or $2100 for September.

Given that,

Savings desired = $1500

Monthly expenses = $600

Let money earned by her every hour be [tex]x[/tex]

No. of scheduled work hours [tex]=[/tex] [tex]80[/tex]

So,

Total money earned for the month [tex]=[/tex] [tex]80[/tex] × [tex]x[/tex]

[tex]= 80x[/tex]

As we know,

Money left = Total money earned - expenses

[tex]= 80x[/tex] - [tex]$600[/tex] ...(i)

A.T.Q.

Money left must be = $1500

Then, by putting the variables in equation (i), we get

[tex]80x - 600 = 1500[/tex]

Now, solving for  [tex]x[/tex]

[tex]80x - 600 = 1500[/tex]

        [tex]+600 = + 600[/tex]

_______________

[tex]80x = 2100[/tex]

[tex]x = 2100/80[/tex]

∵ [tex]x = 26.25[/tex]

Thus, the required sales are $ [tex]26.25[/tex] per hour or ( [tex]26.25[/tex] × [tex]80[/tex] = $2100) for the month of September.

Learn more about 'savings' here:

brainly.com/question/18051939

The U.S. Congress enacts a new federal statute that sets different standards for the liability of businesses selling defective products. This statute applies

Answers

The new federal statute i.e. different standards should be set out and there should be the liability for selling the defective products that should be applied to all the states.

The following information should be considered:

The new federal statute should be enacted in which the different standards should be set out.In this, there is the liability for selling out the defective products and this should be applied to all states as everyone should be treated equally so all states should be considered.

Therefore we can conclude that The new federal statute i.e. different standards should be set out and there should be the liability for selling the defective products that should be applied to all the states.

Learn more about the statute here: brainly.com/question/7692374

A furniture producer has decided to buy its upholstery cloth from new suppliers. The president has given the purchasing manager responsibility to make the final selections and negotiate the terms. The purchasing manager looks through books with samples and specifications and then calls salespeople to make presentations to the production manager, who is concerned about how easy the cloth will be to cut and sew. In this case, the purchasing manager is a(n

Answers

Answer: All of the above

Explanation:

The options to the question include:

A. influencer.

B. a buyer.

C. a decider.

D. a gatekeeper.

E. all of the above

Based on the information given in the question, the purchasing manager is a buyer, influencer, gatekeeper, and decider.

The gatekeeper is a person who blocks the way between an individual and the decision maker in an organisation. This can be seen as he looks through books with samples and specifications and then calls salespeople to make presentations to the production manager.

The purchasing manager is also the decider as he makes the decision in the buying process for the organization. He's also the buyer and the influencer. Therefore, the correct option is All of the above.

Strategic alliances are more likely to be long lasting-when Group of answer choices both partners are experienced with strategic alliances and routinely enter into collaborative agreements with firms in peripheral industries. the alliance involves partners based in countries with distinctly different cultures and consumer buying habits and preferences. each partner has considerable resource weaknesses in the marketplace. they involve collaboration with suppliers or distribution allies or when both parties conclude that continued collaboration is in their mutual interests. the alliance involves joining forces in R

Answers

Answer:

they involve collaboration with suppliers or distribution allies or when both parties conclude that continued collaboration is in their mutual interests.

Explanation:

A partnership can be defined as a type of business ownership in which two or more individuals come together to start up a business and share the profits made together.

Basically, there must be mutual understanding and assent between the parties involved in the establishment or creation of a partnership form of organization (business).

Additionally, a partnership form of business is considered to be one of the easiest type of business to start up or form once there is an agreement between two or more individuals to establish a lawful and legal business.

Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers.

The key principle of supply chain management can be best summed up as collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing, a wholesaler, and a retailer who typically sells the products to the customers or consumers.

Strategic alliances are more likely to be long-lasting when they involve collaboration with suppliers or distribution allies or when both parties conclude that continued collaboration is in their mutual interests.

Masterson Company's budgeted production calls for 71,000 units in April and 67,000 units in May of a key raw material that costs $1.85 per unit. Each month's ending raw materials inventory should equal 20% of the following month's budgeted materials. The April 1 inventory for this material is 14,200 units. What is the budgeted materials purchases for April

Answers

Answer:

70,200 units

Explanation:

Calculation to determine the budgeted materials purchases for April

Using this formula

Budgeted material needed for april=April budgeted production calls +

+ (Ending inventory*Ending inventory percentage)- Beginning inventory

Let plug in the formula

Budgeted material needed for april= 71,000 + (67,000*20%) -14,200

Budgeted material needed for april= 71,000 + 13,400-14,200

Budgeted material needed for april= 70,200 units

Therefore the budgeted materials purchases for April is 70,200 units

MC Qu. 01 Darius is considering buying new bedroom... Darius is considering buying new bedroom furniture. Naturally, he compares several types of beds, dressers, and bedside tables, but he also is evaluating each product's reputation, warranty, his own experience with the brand and, of course, the price. All of the components that Darius is evaluating make up Multiple Choice the total product offering. his product mix. his brand awareness. the core product evaluation.

Answers

Answer:

the total product offering.

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, furniture, computer, soft drinks, motorcycles, shoes, clothes, etc.

A total product offering can be defined as all of the features and attributes of a product that a consumer evaluates when he or she is deciding whether or not to buy a particular product. Some of the important elements of a total product offering are price, convenience, guarantee, warranty, producer's reputation, buyers' past experience, speed of delivery, brand name, package, etc.

In this scenario, Darius wants to buy a new bedroom furniture. Naturally, he compares the various attributes of a product which include types, warranty, reputation, price, product experience, etc.

Hence, all of the components that Darius is evaluating make up the total product offering.

Capital has diminishing returns in the Solow model, but ideas do not have diminishing returns in the Romer model because Group of answer choices capital is scarce, but new ideas are not scarce. capital is a rival object, but ideas are non-rival. capital depreciates because it is a physical object, but ideas cannot depreciate because they cannot physically break over time. capital is excludable, but ideas are non-excludable.

Answers

Answer:

capital is a rival object, but ideas are non-rival.

Explanation:

The ideas are non rivalrous and have no restrictions on their return.

A property owner owned a tract of land that he leased to a baker for 27 years. The baker built a large bakery on the property. The baker then sold the bakery building to a buyer, assigning the lease with the property owner's approval. The buyer has failed to make a rent payment for several months and has also failed to build the cafe that the baker had agreed to build in the original lease. Who can the landlord of the property hold liable

Answers

Answer: The Baker

Explanation:

Payment is a form of contract and until payment has been done with papers signed it is not yet an agreement or a contract. The baker is still liable for anything that has to do with the land, the buyer has not paid any money and is not responsible. The landlord would hold the baker accountable, while the baker has to keep in touch with the buyer to know his interest in the property but till then, the baker is to be held accountable.

Angie needs a new dishwasher. She saw a great sale on the model she wanted and went down to her local appliance store. When she got there, the store owner said that they no longer had that dishwasher, but they would be happy to sell her a different model at a higher price. Why might the Federal Trade Commission be willing to look into this?

A.
It is false advertising.

B.
It is creating an invalid debt.

C.
It is preventing fair competition.

D.
It is an improper debt collection.

Answers

Answer:

A. It is false advertising.

Explanation:

Advertisement refers to the promotional multimedia messages designed and developed to make the products or services of a company known to its customers and potential customers.

The Federal Trade Commission (FTC) is an agency of the government of the United States of America saddled with the responsibility of promoting consumer protection and the enforcement of all civil antitrust laws.

Basically, the laws formulated or established by the FTC are to provide protection for consumers of various goods and services while requiring that businesses do not make false claims about them.

Furthermore, the consumer protection laws enforceable by the Federal Trade Commission (FTC) guarantees truthful information in the marketplace at all times. This is achieved by requiring that business firms only make claims about their products and services that can be proven.

In this scenario, the Federal Trade Commission might be willing to look into this issue (advert of the dishwasher model) because it is false advertising.

HELP!!! Economists note that personal income rose by 5 percent last year. What impact will the change in personal income have on demand?
A It will cause the demand curve to shift up
B It will cause the demand curve to shift left
C It will cause the demand curve to shift down
D It will cause the demand curve to shift right

Answers

Answer:

D It will cause the demand curve to shift right

Explanation:

Given

Increase in personal income

Required

The changes on the demand curve

On the demand curve, quantity is represented by the x-axis, while the y-axis represents price.

When personal income increases, the quantity of items purchased will increase.

This means that there will be a shift to the left on the demand curve.

Hence, (d) is correct

How is chinese food made soo gosh darn good?​

Answers

Answer:

Worm noodles

Explanation:

Answer:

I wish I knew. salt i guess

Explanation:

Johnson is an executive vice president at Conecom Hardware. He researches a proposal by a larger company, Openlane Hardware, to combine the two companies. By analyzing past performance, conducting focus groups, and interviewing Openlane employees, Johnson concludes that Openlane has poor profit margins, sells shoddy merchandise, and treats customers poorly. What actions should Johnson and Conecom Hardware take

Answers

Answer: Turn down the acquisition offer and prepare to resist a hostile takeover.

Explanation:

Since Johnson analysed the past performance of Openlane hardware and found out that past performance, conducting focus groups, and interviewing Openlane employees, Johnson concludes that the company has poor profit margins, sells shoddy merchandise, and treats customers poorly, then Johnson and Conecom Hardware should turn down the acquisition offer and prepare to resist a hostile takeover.

In this case, the merge between the companies will have a negative impact on Johnson and Conecom hardware due to the fact that the company has a bad reputation already and this can have an effect on Conecom. Therefore, the acquisition offer should be turned down.

A sales associate listed a condo for $205,000. A sales associate from a competing office called the listing associate to inform him of a verbal offer of $190,000 on the property. The listing associate did not present the verbal offer. Which statement applies to this situation

Answers

The statement that applied to the given situation is "Listing associate that needs to present the verbal offer to the seller and act as the individual seller or transaction agent" is considered.

The information related to the transaction agent should be as follows:

The purchasers & sellers should be assisted in the real estate transactions having no financial interest.It is treated as a neutral third party but at the same time, it is bounded as per the law and the ethical principles.

The other statements should not be relevant.

So, here we can conclude that a listing associate that needs to present the verbal offer to the seller and act as the individual seller or transaction agent" is considered.

Learn more about the property here: brainly.com/question/19338928

The materials price variance is the difference between the actual price of materials ______. Multiple choice question. and the standard price for materials with the difference multiplied by the standard quantity of material allowed and the standard price for materials with the difference multiplied by the actual quantity of materials times the actual quantity of materials and the standard price of materials times the standard quantity allowed for production

Answers

Answer:

and the standard price paid for direct materials multiplied by the actual quantity of direct materials purchased

Explanation:

The formula to calculate the material price variance is

Material price variance is

= (Standard price - actual price) × actual quantity

Based on the above formula, the above statement represent the formula of the material price variance

Hence, the same is to be considered

Organization costs must be expensed as incurred. b. A copyright should be considered an intangible with an indefinite life. c. The registration of a trademark or trade name lasts for 20 years and is nonrenewable. d. A patent should be amortized over the shorter of the inventor's life or its economic life.

Answers

Answer:

c. a patent should be amortized over the shorter of the inventor's life or its economic life

Explanation:

Which of the following statements concerning intangibles is true?

a. a copyright should be considered an intangible with an indefinite life

b. organization costs must be expensed as incurred

c. a patent should be amortized over the shorter of the inventor's life or its economic life

d. the registration of a trademark or tradename lasts for 20 years and is non-renewable

Patents are a right granted to an inventor to exclusively sell a product for a specific period of time usually for 20 years. During this period, others are prevented from making, using, or selling the invention. A patent should be amortized over the shorter of the inventor's life or its economic life.

Types of patents include:

1. utility patents

2. design patents

3. plant patent

Copyright gives the inventor of a product and anyone they give the permission to the right to reproduce the product. Copyrights have limited lives

Which of the following statements is true? Multiple Choice The short-run aggregate supply curve is downsloping. The short-run aggregate supply curve is vertical. The long-run aggregate supply curve is vertical. The long-run aggregate supply curve is upsloping.

Answers

Answer:

The long-run aggregate supply curve is vertical.

Explanation:

The short-run aggregate supply curve is upward sloping. This means that at higher prices, more output would be produced.

The long-run aggregate supply curve is vertical. This is because it is believed that in the long run only capital, labour, and technology lead to changes in the aggregate supply.

The aggregate demand curve is a graph that represents the  total quantity of all goods and services demanded by the economy at different price levels. The aggregate demand curve slopes downward  

both dual enrollment and AP courses offer the following possibilities except that

Answers

AP gives you a higher grade point average. Although, Duel Enrollment just requires you to pass the class but AP requires the test to be taken and passed to count towards college education.

What is the basis of the law of demand?
Group of answer choices

Self-interested behavior

Marginal utility

Utility curves

Market timing

Answers

market timing

Explanation:

because that way u wont miss customers

If you borrow $421 for 9 years at an interest rate of 4%, how much interest will you pay?

Answers

I will assume it as simple interest as nothing is mentioned

SI = (P × R × T)/100

SI = (421×4×9)/100

SI = 15156/100

SI = 151.56

You will pay $151.56

Answered by Gauthmath must click thanks and mark brainliest

Which of the following items is an example of an overhead expense?: (A)Rent on a factory. (B)Electricity, most of which is used to power a plant's machinery. (C)Raw materials used in manufacturing. (D)Shipping costs on goods sold. (Hint: Remember that overhead expenses are fixed costs, which must be paid regardless of the amount of business done.)

Answers

A, the rent. If confused between A and B, remember that electricity is a cost that can fluctuate over the amount of business, as well as C and D.

President Hoover's approach to the Great Depression was to a leave the economy alone to work itself out of trouble. b nationalize major industries. c encourage the states to stimulate spending. d work for the breakup of business monopolies. e offer federal assistance to businesses and banks but not individuals.

Answers

Answer:

e. offer federal assistance to businesses and banks but not individuals.

Explanation:

Herbert Clark Hoover was democratically elected as the 31st President of the United States of America and he served from the 4th of March, 1929 to the 4th, March, 1933.

The Great Depression was a period of severe economic meltdown or downturn (crisis) of the industrialized world and it started from the United States of America, typically lasting for about ten years (1929-139).

Basically, the Great Depression started in America on the 4th of September, 1929 as a result of a major fall in the prices of stocks and consequently, leading to a stock market crash on the 29th of October, 1929.

Hence, the negative effects of the Great Depression includes a decline in investments, tax revenues, market price, personal income level, consumer spending, profits and a general rise in unemployment rate.

As a result of the aforementioned negative effects, struggling businesses had to lay off workers in order to try to remain open during the Great Depression.

However, President Hoover's approach to the Great Depression was to offer federal assistance to businesses and banks but not individuals.

Karen has been asked to head a team at work that is charged with finding new ways to develop products for their marketing group. She has asked her team members to begin exploring approaches that have worked in the past and to identify approaches that have not worked before. Karen wants her team members to start the process of Group of answer choices

Answers

Answer:

C. adopting a questioning attitude.

Explanation:

Since in the question it is mentioned that they have to develop the products for the marketing group so for this they started to exploring the approaches that worked on the past and identified those approaches that does not worked before so here she wants that the process should be begins by adopting the questioning attitude that means they are capable to identify the errors facing in a activities they perfomed

Therefore the option c is correct

Other Questions
Sigmoidal plots of activity versus substrate concentration are exhibited by a. holoenzymes. b. Michaelis-Menten enzymes. c. allosteric enzymes. d. monomeric enzymes. e. isozymes. A researcher is examining the quality of life In a mixture no new substance is The gravitational force acting on various masses is measured on different planets. Measured values for the forces acting on the corresponding masses are shown in the data table. Analyze the data and develop a method for comparing the gravitational field strengths on the different planets. Use your method to compare the gravitational field strengths, and report your conclusions. a soft drink vendor at a popular beach analyzes his sales recods and finds that if he sells x cans of soda pop in one day, his profit (in dollars) is given by What phrase/s in the following sentence should be emphasized to convey emotion? But what happened to freedom of expression; did our first amendment suddenly disappear?a.freedom of expression; first amendmentc.suddenly disappearb.what happenedd.none of the abovePlease select the best answer from the choices provided -2(5x + 1) > 49Solve for the inequality and enter your solution Molly sells bracelets to Jean's Place, a boutique store. Molly is scheduled to deliver 100 bracelets on July 1. On June 15, Jean, the owner of Jean's Place calls Molly and says "I might not be able to pay for your bracelets." Molly does not deliver the bracelets on July 1. Jean can probably recover from Molly for breach of contract. Group of answer choices True False Which best explains why all equilateral triangles are similar?O All equilateral triangles can be mapped onto each other using dilations.O All equilateral triangles can be mapped onto each other using rigid transformations.O All equilateral triangles can be mapped onto each other using combinations of dilations and rigid transformations.O All equilateral triangles are congruent and therefore similar, with side lengths in a 1:1 ratio. What was the main effect of the Articles of Confederation? A. Foreign powers did not take the new country seriously B. The national government was weak C. Three branches of government were created D. The authority of the state governments was severely limited Methanogens are able to live in what enviroment GENERATIONS OFACTIVITY 12In tabular form differentiate the first four generations of computers. Explain two scientific discoveries that Newton made (one of them must be gravity). Not sure how to do this A one electron species, X m, where m is the charge of the one electron species and X is the element symbol, loses its one electron from its ground state when it absorbs 3.49 x 10-17 J of energy. Using the prior information, the charge of the one electron species is:_____________a. +8 b. +2 c. +3 d. +1 e. +4 Write a function gcdRecur(a, b) that implements this idea recursively. This function takes in two positive integers and returns one integer.''def gcdRecur(a, b): ''' a, b: positive integers returns: a positive integer, the greatest common divisor of a & b. ''' # Your code here if b == 0: return a else: return gcdRecur(b, a%b)#Test CodegcdRecur(88, 96)gcdRecur(143, 78) 2021 GitHub, Inc. Which sentence contains a gerund? A. My cell phone battery is dying.B. Don't worry about every detail. C. Was Gigi holding the crying baby? D. Hiking is a great form of exercise. PLZ HURRY I AM TIMED! For each relation, decide whether or not it is a function. HELP ASAP1.(8,4)(-4,2)(4,-8)(-8,4)2.(6,6)(12,-12)(-12,12)(12,12)3.(-2,6)(-4,12)(4,12)(12,-4) A college student borrowed his roommate's notebook computer without permission because he needed to write a term paper that was due the next day. While the computer was sitting open on the student's desk overnight, a water pipe in the ceiling began leaking and water dripped down on the computer, rendering it inoperable. A computer repair service estimated that it would cost $500 to repair all the damaged components. At the time it was damaged, the computer was worth $700. If the roommate sues the student for the damage caused to the computer, what will be the extent of his recovery