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Recently, you have received $5,000 inheritance and decide that you should use the funds to purchase shares in the Commonwealth Bank Ltd. You search the company's particulars on the ASX and find the following information: High = $29.70 Low = $29.23 Last Trade = $29.20 Bid = $29.22 Offer = $29.24
Problem 1: If you would like to buy shares in the Commonwealth Bank Ltd, at what price can you buy them?
Evaluate the predetermined overhead rate for the year. Break the rate down into fixed and variable components.
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