This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Bobby bought 550 shares of stock at 61.25 per share. His broker charges 4 commission for round lots ... (Read 425 times)

james

  • Hero Member
  • *****
  • Posts: 573
on: Jun 24, 2018
Bobby bought 550 shares of stock at 61.25 per share. His broker charges 4 commission for round lots and 5 for odd lots. Calculate the total cost of the stock purchase.
 A) 35,065.63
  B) 39,258.65
  C) 33,710.00
  D) 35,371.88

Question 2

Yo Yogurt received a promissory note of 15,500 for 16 months at 8 simple interest from one of its customers. After 9 months, the note was discounted at Gassaway Bank at a discount rate of 10. What are the proceeds Yo Yogurt will receive from the discounted note? (Round to the nearest cent)
 A) 13,846.67
  B) 16,152.72
  C) 17,153.33
  D) 14,595.83


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

B


james

  • Hero Member
  • *****
  • Posts: 573
Reply #2 on: Jun 24, 2018
Thank you :)


briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Reply #3 on: Jun 24, 2018
Happy to help you


« previous next »
 

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Round and wrinkled phenotypes Round and wrinkled phenotypes
People who share genes will often have similar body weights People who share genes will often have similar body weights
Share of Human Capital in Wages in Developing Countries Share of Human Capital in Wages in Developing Countries
Share of Human Capital in Wages in Advanced Countries Share of Human Capital in Wages in Advanced Countries
Stock Market Question Stock Market Question
Round your answer to the nearest tenth. A patient with a pulmonary embolus has Refludan ... Round your answer to the nearest tenth. A patient with a pulmonary embolus has Refludan ...
Video: Bipolar Disorder

For a complete list of videos, visit our video library