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 431 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?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

On November 11, 1887, four anarchists were hanged in Chicago on charges that they had thrown a bomb On November 11, 1887, four anarchists were hanged in Chicago on charges that they had thrown a bomb
Fraternal twins share about 50 percent of their segregating genes. Fraternal twins share about 50 percent of their segregating genes.
A 6-point socket fits the head of a bolt or nut on all sides. A 12-point socket can round off the ... A 6-point socket fits the head of a bolt or nut on all sides. A 12-point socket can round off the ...
Red blood cells with normal hemoglobin, like the three similar ones, are smooth and round Red blood cells with normal hemoglobin, like the three similar ones, are smooth and round
Share of Hours Worked by Education Level, 1940–2008 Share of Hours Worked by Education Level, 1940–2008
Results of one round of replication of DNA Results of one round of replication of DNA
Video: Hershey Chase Experiments

For a complete list of videos, visit our video library