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 416 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?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

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.

How to round numbers with significant digits How to round numbers with significant digits
Grilled Beef Top Round Grilled Beef Top Round
Normal red blood cells (round) and sickled red blood cells Normal red blood cells (round) and sickled red blood cells
ADHD (Stock photo) ADHD (Stock photo)
A phylogenetic tree showing that all non-African human populations share a closer genetic relationsh A phylogenetic tree showing that all non-African human populations share a closer genetic relationsh
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: Sickle Cell Anemia

For a complete list of videos, visit our video library