« previous next »

Author Question: Lance bought 120 shares of stock at 25.28 per share. Several months later he sold the stock at 24.70 ... (Read 130 times)

sheilaspns

  • Hero Member
  • *****
  • Posts: 567
on: Jun 24, 2018
Lance bought 120 shares of stock at 25.28 per share. Several months later he sold the stock at 24.70 per share. His broker charges 3 commission for round lots and 4 for odd lots. Calculate the gain or loss on the transaction. (Show loss in parentheses)
 A) 3,139.66
  B) 3,033.60
  C) 259.52
  D) (259.52)

Question 2

The owner of a hot dog stand receives a loan of 3,750 at 8.25 for 9 months. Find the amount of simple interest.(Round to the nearest cent)
 A) 320.63
  B) 232.03
  C) 489.65
  D) 232.00


Missbam101

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

A gray squirrel, seven months of age near Mobile, Alabama A gray squirrel, seven months of age near Mobile, Alabama
The recently discovered lleret calvaria from Kenya is the smallest H. erectus and shares many traits The recently discovered lleret calvaria from Kenya is the smallest H. erectus and shares many traits
The Land Ordinance of 1785 called for surveying and dividing the Western Territories into square mil The Land Ordinance of 1785 called for surveying and dividing the Western Territories into square mil
An infant begins to notice the external environment by the age of 4 to 8 months An infant begins to notice the external environment by the age of 4 to 8 months
One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ... One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ...
Sabrina's Fabric Land bought $5,000 of equipment at the beginning of 2015. Amortization ... Sabrina's Fabric Land bought $5,000 of equipment at the beginning of 2015. Amortization ...
Video: Subunits of DNA And Semi Conservative Replication

For a complete list of videos, visit our video library