This topic contains a solution. Click here to go to the answer

Author Question: Shaylash bought 250 shares of stock at 31.38 per share. Several months later he sold the stock at ... (Read 300 times)

serike

  • Hero Member
  • *****
  • Posts: 542
Shaylash bought 250 shares of stock at 31.38 per share. Several months later he sold the stock at 45.65 per share. His broker charges 4 commission for round lots and 5 for odd lots. Calculate the gain or loss on the transaction. (Show loss in parentheses)
 A) 10,933.19
  B) 8,174.49
  C) 2,758.69
  D) (2,758.69)

Question 2

Bart's Construction, Inc received a promissory note of 12,500 at 7 simple interest for 14 months from one of its customers. After 4 months, Fairlenders, Incdiscounted the note at a discount rate of 9. Calculate the proceeds that Bart's will receive from the discounted note. (Round to the nearest cent)
 A) 12,462.50
  B) 12,506.77
  C) 13,520.83
  D) 12,303.96



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

akemokai

  • Sr. Member
  • ****
  • Posts: 347
Answer to Question 1

C

Answer to Question 2

B




serike

  • Member
  • Posts: 542
Reply 2 on: Jun 24, 2018
Wow, this really help


connor417

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

For a complete list of videos, visit our video library